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Belgium

The conditions under which the assignment of a claim can be invoked against the debtor of the claim and other third parties in Belgium are set out in Article 1690 of the Civil Code.

January 01 2003

Japan

The Securities and Exchange Law of Japan does not generally require any company to report quarterly business results and financial condition. Although certain listed companies voluntarily disclose financial results on a quarterly basis, only companies with their securities listed on certain markets for emerging companies, such as Mothers on the Tokyo Stock Exchange (TSE), are required to file quarterly disclosure statements under the regulations of the relevant stock exchanges.

January 01 2003

Canada stands firm on corporate governance

The cold winds of corporate scandal and tightening securities regulation are blowing north from the US. Ben Maiden reports on how Canada is trying to keep its own identity, at its own pace

January 01 2003

Allen & Overy advises on whole-business forest securitization

Allen & Overy has advised lead manager and arranger Morgan Stanley on the securitization of forest land by Finnish forest products company Stora Enso.

January 01 2003

Clifford Chance advises on Europe's biggest asset-backed deal

Clifford Chance has advised on a €6.6 billion ($6.78 billion) real estate securitization for the Italian government.

January 01 2003

A&O helps structure Hong Kong's first arbitrage synthetic CDO

Hong Kong has joined the growing number of jurisdictions where synthetic collateralized debt obligations (CDOs) are becoming popular.

January 01 2003

Colt debt case puts struggling companies on a knife-edge

Heavily-indebted European companies could find themselves unable to tap international equity markets for extra funds as the result of a US-style corporate action brought against a UK company. The case was awaiting a ruling as IFLR went to press.

January 01 2003

Australia blames auditors for governance failings

Auditors play only a small role in keeping a company honest. But in a bid to reassure investors after a spate of corporate scandals, the Australian government is wrongly limiting its reforms to the audit function, says Alison Lansley of Mallesons Stephen Jaques

January 01 2003

Securing a rating for collateralized fund obligations

The past six months have seen the successful completion of the first rated collateralized fund obligations. Shlomo Twerski, Paul Watterson and David Nissenbaum of Schulte Roth & Zabel explain how to structure this new financial product

January 01 2003

Colombia

The nature of the payments abroad to non-residents or non-domiciled foreign entities determines the applicable income and remittance tax withholding in Colombia. This applies at a rate of 7% in the case of dividends, of 10% in the case of technical assistance, technical services and consulting services, and 39.55% in the case of financial earnings, commissions, fees, and royalties.

January 01 2003

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