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  • The Dorchester Hotel, London, March 25
  • When a Chinese state-owned telecoms operator chose to acquire a near-insolvent foreign company, it had to find the most protected and controlled environment within which to do so. In the first of a two-part analysis, Edward Turner, Sandor Schick and Etienne Gelencsér of Shearman & Sterling look at the buyer’s options
  • French regulators have unexpectedly intervened in local convergence with international accounting standards. Richard Parolai of Clifford Chance and Xavier Paper of RSM Salustro Reydel explain why the rulemakers' stance on substance over form will complicate securitization deals in France
  • David Bernstein of Clifford Chance examines the controversy surrounding the SEC's proposed new rules for lawyers who suspect their clients of wrongdoing, and says they are likely to do more harm than good
  • The Korea Fair Trade Commission (KFTC), has recently announced several new policy initiatives.
  • The Japanese government has submitted tax reform bills to Japan's parliament, the Diet. If enacted as planned, these bills will become law on or after April 1 2003. The tax reform bills include, in particular, proposals for a significant streamlining of and tax reduction in individual income taxation on capital gains and dividends with respect to listed shares, with a view to revitalizing Japanese stock markets.
  • India is proposing to introduce value-added tax (VAT) in the Union Budget for 2003-2004 (dated February 28 2003). This is a significant reform in the country's tax regime.
  • New Regulations on the Administration of Foreign-invested Venture Investment Enterprises were promulgated in China on January 30 2003. The new regulations were put forward jointly by the Ministry of Foreign Trade and Economic Cooperation, Ministry of Science and Technology, State Administration for Industry and Commerce, State Administration of Taxation and State Administration of Foreign Exchange .
  • On January 8 2003 the Parliament of the Republic of Kazakhstan passed the Law On Investments (No 375-II). The new law represents an effort to consolidate separate past legislation governing foreign and direct investment and to level the playing field for domestic and foreign investors.
  • The Bank of Italy has made clear to the market its views on the treatment of repayment clauses in securitization transactions.