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  • The signing of Vietnam's first build-operate-transfer project financing is being tipped to show the way for further deals of this type in the power sector.
  • Attempts by Korea's financial regulators to stop consumer credit from overheating look likely to open the way for international residential mortgage-backed securitizations.
  • A deal in Malaysia believed to be the world's first securitization of new loans has been structured using international techniques in a bid to encourage similar transactions in the future.
  • The departure of Harvey Pitt leaves the SEC without a leader at a time when it needs firm direction. Ben Maiden reports from New York on the race to become the next chairman of the Commission
  • Contrary to the Indian government’s economic plan, amendments to the country’s takeover laws will discourage foreign investments. Abhimanyu Jalan and Saviprasad H R of Pathak & Associates explain
  • Distressed Turkish companies in almost every industry are attempting to restructure their debts to survive and continue their operations in the wake off the recent economic crisis. The main piece of legislation addressing restructuring is Law No 4743 on Restructuring of Debts to the Financial Sector and amendments to certain laws followed by the Regulation on the General Terms of the Approval, Acceptance and Implementation of Financial Restructuring Framework Agreement.
  • The Swiss Federal Banking Commission has circulated a draft regulation that defines the term public offering as used in the Investment Fund Act. The Act codifies the current practice of the Federal Banking Commission regarding the term public offering not only under the Investment Fund Act but also under the Banking Act and under the Stock Exchange Act.
  • On the basis of existing legislation Italian regions and local authorities have been entitled to receive payment of the a 50% withholding tax that could have been applicable to their notes. In the absence of specific regulatory provisions and failing any express provision in the budget laws of the Republic of Italy, this legislation had never been applied. This has created some confusion and uncertainty about the accounting treatment of such claims at territorial level.
  • China's State Economic & Trade Commission, Ministry of Finance, State Administration of Industry & Commerce and State Administration of Foreign Exchange issued Tentative Rules on Using Foreign Investment to Reorganize State-owned Enterprises on November 8 2002.The rules will take effective from January 1 2003.
  • The Mexican Derivatives Market (Mercado Mexicano de Derivados) known as MexDer was set up to create a standardized market to negotiate and quote futures and options. It was establishd in response to the need for financial tools that can protect against fluctuations mostly in currency prices and interest rates.