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  • 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.
  • The NOREX Alliance has created a single Nordic securities market and harmonized application procedures, making it easier to apply for admission to one or more of the Nordic exchanges. By Claus Thorball
  • Leading lawyers, bankers and in-house counsel from Europe and Asia gathered at IFLR's annual awards dinners in London and Hong Kong in March to celebrate their achievements during 2003
  • Law firms Ashurst and Speechly Bircham have advised on the latest innovation in the collateralized debt obligation (CDO) market.
  • 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.