Search results for

Pursuant to Article 7, Paragraph 4, of the Federal Investment Fund Act (IFA), the name of a Swiss investment fund must not give rise to deception or confusion. A foreign investment fund will also be granted a distribution licence only if these requirements are observed (Article 45, Paragraph 4, IFA). The appendix to the Guidelines for Applications for the Approval of Fund Regulations issued by the Swiss Federal Banking Commission on December 18 2001, therefore, are also applicable to foreign investment funds.

Article 113 of Law No 267 of August 18 2000, regulating modalities for the management of local public services, has been recently amended by Article 35 of Law No 448 of December 28 2001 (the 2002 Financial Law).

The Colombo Stock Exchange (CSE) has introduced regulations permitting stock borrowing and lending (SBL). The Central Depositary System (CDS) facilitates SBL transactions and lenders and borrowers can engage in SBL only through an "eligible participant", being a member of the CSE or custodian bank, which meets with the criteria stipulated by the CDS.

The listing rules of the Hong Kong Growth Enterprise Market (GEM) were amended as of October 1 2001. Key revisions of note include the following:

The stink from the Enron scandal is so powerful that even the loosest connection to the disgraced energy company can cause trouble.

Jeffrey Wilson of Baker & McKenzie, Hong Kong, explores how China’s new insurance regime for foreign investors has failed to improve on the Shanghai Measures and may not meet WTO standards

Shearman & Sterling in Hong Kong has acted as US counsel to Aluminium Corporation of China (Chalco) and its state-run parent Aluminium Corporation of China (Chinalco) on Chalco's $458 million initial public offering (IPO).

With pressure mounting on offshore jurisdictions to tighten up their tax haven status and secrecy rules, lawyers are looking to adapt their legislative environments to encourage work in sophisticated cross-border transactions. Thomas Williams reports

Clifford Chance lawyers have closed the first fixed-line telecommunications securitization of the year.

France must clarify whether its usury laws apply to corporate bonds if its high-yield market is to develop, say Eric Cafritz and Delphine Caramalli of Fried, Frank, Harris, Shriver & Jacobson in Paris