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  • France's new law on securitization vehicles reverses the effects of Supreme Court decisions that made future flow deals impossible. Richard Parolai and Frédérick Lacroix of Clifford Chance explain how
  • Michael J Moser of Freshfields Bruckhaus Deringer explains how Bilateral Investment Protection Treaties provide a better way to work out financial disputes in Asia
  • Practitioners have broadly welcomed the EU's new bankruptcy regime. But one year after inception it is becoming clear that the law reaches beyond its intended borders. Thomas Williams reports
  • Exasperation with market regulators is common. Suing the watchdog is less so. But that is precisely what US hedge fund Elliott Associates is planning to do in Germany, calling into question not only the role of the regulator in takeovers, but the takeover regime itself.
  • Investors gave Uruguay a firm vote of support for its planned debt restructuring last month when 90% of creditors signed up for its groundbreaking bond swap.
  • As the US prepares to implement new anti-money laundering rules, Brian Volkman of Bayerische Landesbank in New York outlines measures that banks can use to ensure they comply with local legislation around the world
  • The legal authority of the UK Government to extend the European Union Savings Directive to the UK's overseas territories is in doubt following a European Court ruling at a preliminary hearing in March 2003. The Directive is still in draft form and has not yet been adopted by the EU's Council of Minisiters, but in its current state would require EU member states to impose either spontaneous reporting or withholding tax. Although the Cayman Islands is a UK overseas territory, it is not a member of the EU.
  • In a recent string of structural legislative reforms, the Georgian Parliament has abolished the Ministry of State Property Management of Georgia (MSPM), the entity previously responsible for the management and privatization of state-owned assets.
  • On May 5 the Indian parliament passed The Electricity Bill, which was originally brought before the assembly in August 2001. The comprehensive Electricity Act aims at replacing three existing Acts governing the power sector: the 1910 Indian Electricity Act; the 1948 Electricity Supply Act; and the 1998 Electricity Regulatory Commissions Act.
  • New Zealand's record of enforcement against alleged insider traders speaks for itself - not a single conviction and only two cases of insider trading ever brought to trial. A third case is currently pending. But will the introduction of criminal penalties improve the effectiveness of NewZealand's insider trading regime?