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  • The Saudi Arabian government has announced the planned privatization of over 20 areas of the country's economy.
  • The International Accounting Standards Board (IASB) has proposed that companies should account for share-based payment transactions, including employee's share options, as an expense.
  • Cleary Gottlieb Steen & Hamilton is representing financial institution HSBC in the $14 billion acquisition of consumer lender Household International, in this year's largest cross-border deal in the US.
  • The Thai government has made substantial progress in its liberalization of the power sector, which 10 years ago was still a government monopoly. This process has been guided by Nepo (an independent agency), Egat (a state enterprise under the prime minister's office) and PTT (a state enterprise under the Ministry of Industry). International project financings have been a feature of various key steps in the process.
  • Market manipulation, which involves deception and dishonesty, has long been regarded as a serious crime in Hong Kong. But despite a maximum penalty of two years' imprisonment, it appears there are no sentencing guidelines relating to it.
  • Money from the EU to improve central Europe's broken-down infrastructure will make less difference than lawyers might hope. Tom Williams reports
  • Japanese banks are preparing to use synthetic collateralized loan obligations to obtain capital relief after the largest reported deal of this type won regulatory approval and closed at the end of September.
  • Canada's largest law firm has acted for the banks in the biggest syndicated financing in eastern Europe.
  • Davis Polk advises on $180 million secondary offering
  • Twenty-four of the most prominent law firms in the US have united to issue a consensus view on the proper application of Section 402 of the Sarbanes-Oxley Act, which bans companies from giving directors and executive officers personal loans.