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  • In January 2003 the International Swaps and Derivatives Association (ISDA) launched the new version of its standard contract for documenting over-the-counter (OTC) derivatives transactions - the 2002 ISDA Master Agreement. This new version is based on, and amends, its predecessor - the 1992 ISDA Master Agreement.
  • The Danish Companies Act allows payment of interim dividends to the shareholders of Danish public or private limited companies (A/S and ApS companies) from July 1 2004.
  • Just as the case for better disclosure and covenants in European bonds looked to be stalling, the Association of British Insurers (ABI) has emerged as its new leader.
  • In a move meant to reform the granting of licensing rights, the National People's Congress has promulgated the Administrative Licensing Law, effective July 1 2004.
  • Two name partners and more than 20 lawyers of Mitsui Yasuda Wani & Maeda, one of Japan's top corporate finance firms, will join Linklaters later this year with a view to merging with the UK firm early in 2005.
  • Weil Gotshal & Manges is making a late but bold entrance into the China market, opening an office in Shanghai and hiring Clifford Chance M&A and securities partner Steven Xiang to lead it.
  • Weil Gotshal & Manges and Simpson Thacher & Bartlett were the lead legal advisers on a complex merger deal involving two private equity funds last month.
  • Big winnings for US firms Latham & Watkins and Skadden Arps Slate Meagher & Flom are taking sides on the latest blockbuster merger to hit the US casino industry.
  • If China wants to make the most of mortgage-backed securitization, it will have to rethink its legal system, say Anthony Qiao and Zeng Xianwu of Zhong Lun Law Offices
  • Changes to the construction and design regimes are needed if China wants to attract more foreign investment into the industry and increase its own standing in the global market. By John Cole, Philip Nunn and Michael Hickman of Simmons & Simmons