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  • The Cayman Islands Monetary Authority (CIMA) recently issued new guidelines on the implementation of the Islands' money laundering legislation. The legislation is contained principally in the Misuse of Drugs Law (2000 Revision) and the Proceeds of Criminal Conduct Law (2001 Revision) (the PCCL). These statutes create a number of offences in relation to activities involved in laundering the proceeds of crime.
  • Many senior Canadian issuers access the Canadian capital markets through the shelf prospectus system, which allows an issuer which meets certain criteria to issue securities over a two-year period. A shelf prospectus is filed qualifying the total amount of securities which the issuer expects to issue over a two-year period and the issuer then issues securities in tranches depending on market conditions and its needs.
  • UBS has raided Homburger Rechtsanwälte in Zurich to hire a new group general counsel for the Swiss bank.
  • Linklaters advises on BT rights issue
  • "It's like a kid in a candy store. They can't even decide what kind of chocolate to get"
  • Lawyers warn that technology companies could face an avalanche of securities fraud litigation following the stock market slump
  • Baker & McKenzie seizes France Télécom lawyers for Paris office
  • Matthew Cahill, Paul Severs and Yasuhiro Akita of Clifford Chance Tanaka & Akita, Tokyo, examine how regulatory changes are opening the door to securitization in post-financial crisis Japan
  • Many foreign firms in Japan are trying to beef up their joint enterprise offices and hire bengoshi. Although demand often outstrips supply, the big Japanese firms are beginning to feel the heat. Nick Ferguson reports from Tokyo
  • Ashurst Morris Crisp in Tokyo is advising Japan Bank for International Cooperation (JBIC) on a $1 billion project to expand an aluminium smelter in Mozambique, which is expected to reach financial close in June.