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  • The European weather derivatives market is growing fast After years of lagging behind the US, the European weather derivatives market has finally taken off, according to a recent trade group report.
  • Securitization has taken off in most international markets, but this has not been the case in Denmark, despite it having one of the most sophisticated bond markets for retail mortgages, low levels of credit default, a relatively stable economy and no stamp duty on assignments. The failure has primarily been due to the effect of general principles of Danish law on two vital aspects of any securitization transaction.
  • The SEC has voted to increase corporate disclosure as part of its campaign to prevent future accounting scandals.
  • The SEC has voted to increase corporate disclosure as part of its campaign to prevent future accounting scandals. The Commission plans to amend Form 8-K to require quicker disclosure of important corporate events.
  • On March 9 2004 a new law was approved in parliament that creates a complete and comprehensive legal framework for securitization transactions.
  • Global corporations can now list on the Indian Stock Exchange by offering Indian Depository Receipts (IDRs). In February the government of India passed the Companies (Issue of Indian Depository Receipts) Rules 2004, building on the amendments in December 2000 to the Companies Act, 1956 to allow foreign companies to sell securities to Indian investors.
  • The first regulations to govern derivatives business in China have received enthusiastic approval from the International Swaps and Derivatives Association (Isda).
  • As Scandinavian M&A begins to recover, Megan Murphy looks at how takeover law changes should help accelerate the turnaround
  • The International Swaps and Derivatives Association is surveying its members on whether to write a set of standard definitions for credit derivatives referenced to asset-backed securities (ABS).
  • In March 1994 the Hong Kong government appointed Ermanno Pascutto, a former co-chair of the Securities and Futures Commission of Hong Kong and now a senior adviser of Troutman Sanders, to carry out a review of the Territory's company law. Pascutto's review culminated in a comprehensive report, recommending sweeping changes to Hong Kong law in the area of company formation and organization.