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  • 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.
  • On December 5 2001 the Minister for Finance announced the final budget of the present government prior to the next general election, which is due to take place in the first half of 2002.
  • A recent precedent-setting court ruling that upheld the rights of minority shareholders may mark the first stir of change for the nation's companies, especially conglomerates, where board decisions were often made without regard for shareholders.
  • 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:
  • It has taken more than 30 years, but the EU has at last agreed on a legal format for the European Company, a vehicle it hopes will support the EU project by freeing corporates from national differences in legislation and boosting European economic activity. Jean-Louis Joris of Cleary, Gottlieb, Steen & Hamilton in Brussels explains what the European Company really is, how to set one up and asks whether, ultimately, it will be a success
  • The political and economic turmoil in Argentina has temporarily derailed one of last year's biggest energy deals in the country.
  • Elizabeth Uwaifo, Sidley Austin Brown & Wood Sidley Austin Brown & Wood and Linklaters have closed a euro 2 billion ($1.8 billion) synthetic collaterallized debt obligation (CDO) for KBC bank. The deal was the second CDO to be issued from the Irish special purpose vehicle Cygnus Finance.
  • Shearman & Sterling, Latham & Watkins in Singapore and Cadwalader Wickersham & Taft have advised on the $1.2 billion debt restructuring of PT Semen Cibinong, Indonesia's third-largest cement company.
  • Enron headquarters,
  • "The legislative branch of the government is essentially saying that some of the agencies of the executive branch have fallen down on the job"