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On April 3 2003 the Swedish Parliament issued new rules regarding the Good Faith Acquisition of Personal Property Act. The new rules create an exception to the general rule on good faith acquisitions of personal property.

Football's governing body has switched the risk of World Cup cancellation to investors, even in the event of a terror attack. David Trott and Grant Jenkins explain how

Senior lenders are starting to compromise over the structure of European high-yield bonds. Diane Roberts explains why

The Korean government has combined the Securities Investment Trust Business Act and the Securities Investment Company Act to create the Indirect Investment Asset Management Business Act, covering both investment trusts and investment companies. Under the new Act, effective from January 4 2004, a single set of regulations governs all types of asset management. The new Act strengthens the protection available to investors and expands the scope of assets subject to management.

Sandeep Parekh of PH Parekh & Co examines a favourable judgment that will bring certainty to investors in India

A tough stance from the UK government forced competing creditors to compromise on the British Energy restructuring. By Emma Barraclough

Foreign investors may want to choose arbitration rather than local courts in Indonesia, says John Savage

Ukraine's Land Code has been amended to extend the right to own land to Ukrainian-foreign joint ventures. The law, On Amendments to Article 82 of the Land Code of Ukraine, passed on July 10 2003, has on the whole improved the position of Ukrainian companies with foreign investment in respect of land rights. Article 82 of the Code has been reworded so as to extend the right to purchase, sell, hold title to and exercise proprietary rights over non-agricultural land in Ukraine to joint ventures founded in part by foreign legal entities or individuals. Before these amendments, such entities were not permitted to acquire or own non-agricultural land in Ukraine.

Herbert Smith and Stibbe advised European IT group Getronics on a €100 million ($117 million) convertible bond, one of the first European deals to use coupon escrow to secure interest payments.

The Basel Committee has heeded industry concerns and is dropping the requirement for banks to hold capital against expected losses.