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  • The Indian government has tabled the country's new Competition Bill in parliament.
  • The classification of debt and equity for taxation purposes in Australia is about to undergo significant change if the provisions of the New Business Tax System (Debt & Equity) Bill 2001 are enacted.
  • Weil, Gotshal & Manges has closed the first Irish mortgage securitization deal of the year. The euro650 million ($320 million) issue of AAA and A2-rated notes by Phoenix Funding and backed by the Irish residential mortgages held by IIB Homeloans, is the first time that the IIB Bank subsidiary has tapped the securitization market in six years.
  • Franco Vigliano, Allen & Overy Just 10 months after hiring two key project finance partners, Allen & Overy's new Italian projects team has two landmark public private partnership (PPP) deals under its belt.
  • On July 5 Kaili become the first company to sue the China Securities Regulatory Commission – and the first to win. Jingzhou Tao and Zhao Yong of Coudert Brothers, Beijing, look at the implications of this historic case
  • Jerome Cohen, the first foreign lawyer to enter China in 1979, discusses China’s ability to comply with the legal requirements of WTO entry and sees a sometimes difficult road ahead
  • In July the Supreme People’s Court of China issued an explanation to help guide lower courts through the maze of domain name disputes. William Farris, Latham & Watkins Hong Kong, discusses the PRC’s progress
  • The final report of the Department of Trade and Industry's (DTI) Company Law Review was published on July 26 2001. The report is a major undertaking which lays down a blueprint for reform and modernization of UK company law. Among other things the Review recommends:
  • On March 23 2001, the Swiss parliament passed a bill revising the legislation on consumer credits. The deadline for a referendum having run out on July 12 2001, the bill has overcome the most important obstacle to its becoming law. According to government plans, the new legislation will come into force on January 1 2003.
  • Ireland has followed the lead of other European jurisdictions by proposing covered bond legislation based upon the model of the German Pfandbriefe legislation. The Asset Covered Securities Bill is expected to be enacted into law in the last quarter of 2001.