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  • Directive boosts certainty for EU's troubled banks Christian Pilkington explains how Europe's Credit Institutions Directive will simplify insolvency proceedings in the banking industry
  • By Bob Penn of Allen & Overy
  • By Min Han, Min Ho Lee and Pil Kook Lee of Kim & Chang
  • How Indonesia plans to protect depositors The Indonesian government will set up agencies to protect a bank's customers should the bank fail. Lucyana Dela Rosa of Mochtar Karuwin Komar outlines how the new agencies will work
  • A ruling by the US Court of Appeals for the Second Circuit has shown that the 1999 Isda Credit Derivatives definitions are not as unambiguous as intended. James Warnot and Justin Williamson explain
  • Questions remain over how effective SEC proposals to register hedge fund advisers will be in preventing fraud, say Mark Bergman, Yvonne Chan and Marco Masotti
  • France is modernizing its securities laws by removing outdated concepts and quirks that have exasperated securities practitioners for years. Martine Dalet and Pierre Descheemaeker explain the new securities ordinance
  • In July 2004, the Finnish Financial Supervision Authority (FSA) issued a statement on the interpretation of certain provisions of the Investment Funds Act on marketing of units in foreign investment funds in Finland.
  • The Insolvency (Amendment and Consequential Provisions) Act 2004 was passed in July. The amendments were a necessary precondition to the Insolvency Act 2003 Act, which came into force on August 16 2004.
  • If Japan doesn't push ahead with the necessary tax reforms to tempt foreign investors to buy stakes in domestic companies, productivity and economic growth will continue to lag. But, as Andrew Crooke reports, change won't come without a fight