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The Bahamas offers the arranger, promoter or sponsor of a securitization a cost effective, secure jurisdiction for the domiciliation of the special purpose vehicle (SPV) that issues securities in connection with the transaction. This briefing note will examine some of the key reasons The Bahamas is a suitable jurisdiction.

Law Decree No 63 of April 15 2002 sets new provisions in connection with the financing of public works.

The Central Bank and Financial Services Authority of Ireland Bill 2002 was recently published by the Irish minister for finance. The purpose of the Bill is to provide the legislative framework for the Central Bank and Financial Services Authority of Ireland. The Central Bank will supervise all banks, building societies, insurance companies, credit unions and other investment business firms.

The Helsinki Exchanges are to introduce amendments to the Rules of the Stock Exchange regarding the listing process, conditions for admission to listing and disclosure requirements.

Mexico’s legislators have been busy — protecting minority shareholders, revamping the insolvency regime and overhauling securities laws. Ben Maiden reports

Japan is one of the most challenging markets for international firms. But the country is short of lawyers, and foreign firms believe soon they will provide the expertise demanded. Nick Ferguson reports

In the UK, Weil Gotshal & Manges closed a second football club securitization for client Bear Stearns with DLA advising Manchester United on a £30 million ($44 million) ticket receivables deal. Weil Gotshal and DLA also worked opposite each other in the same roles for Everton FC's securitization. Weil Gotshal advised Barclays Capital as lead manager on the £357 million securitization of credit card receivables by Capital One Bank. Clifford Chance advised Capital One Bank which is using the master trust structure.

Recent action by New York's attorney general against Merrill Lynch has cast doubt over the regulation of analysts everywhere. Wall Street firms have scrambled to announce new initiatives to guarantee the objectivity of their stock-dealing advice. The SEC has issued tougher rules to govern research, and regulators in Europe have said they will consider the issue, too. IFLR invited seven leading figures from the London markets to discuss the problem

Thomas Williams reports on how Italy’s lawyers are testing the country’s new takeover and securities rules and working on deals to modernize the economy

A rare sale and leaseback hotel securitization is expected to establish a template for future deals in the industry. Morgan Stanley's £531 million ($776 million) sale and leaseback for Thistle Hotels is the first successful commercial mortgage-backed securities deal (CMBS) to come from a single originator rather than using a pool of hoteliers to spread the risk.