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  • The House of Lords has reversed a 30-year-old decision A House of Lords ruling has ensured floating charge holders will not have to pay liquidators' costs and expenses, reversing a 30-year-old Court of Appeal decision.
  • A court ruling has threatened the enforceability of New York's model statute on securitization of tobacco revenues. Nicolas Weill of Moody's, New York, explains
  • Germany's parliament has amended the German Mortgage Bank Act to increase the legal certainty of security for investors in covered bonds.
  • The UK's Financial Services Authority (FSA) is to use a blend of regulatory reform and industry initiatives on improved disclosure to reform questionable soft commission and bundled services practices.
  • A review of the region's securities law overhaul after a year
  • 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.
  • Nina Wilkman and Stefan Wiklund, Borenius & Kemppinen, Helsinki
  • Nicolas Bombrun and François Mary of Latham & Watkins, Paris
  • Estonia Hedi Wahtramae of Ernst & Young Baltic AS, EY Law, Tallinn
  • Vincent Dirckx and Yolande Meyvis of Lontings & Partners, Brussels