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  • Europe-Increasing control on concentrations
  • North America-Court of Appeal rules on dissenting shareholder rights on compulsory squeeze out – equal treatment prevails over equal opportunity
  • Latin America-Development plan approved by Congress
  • Italy enacts new law on securitization
  • Europe-Draft ordinance bans cold calling
  • UAE
    Middle East & Africa-Recovery of loan Interest
  • Europe-Finnish book-entry securities system to be revised
  • The Capital Markets: Irish and International Laws and Regulations By Agnes Foy (Round Hall Sweet & Maxwell, 1998) Reviewed By Mark Walsh, Partner, Brown & Wood, London and New York*
  • Swiss pharmaceuticals company Novartis is selling its Wasa crispbread unit to Italy’s Barilla Alimentare. The Italian food company is paying Sfr475 million ($315 million) including debt. The deal is part of Novartis’s move to refocus its consumer health division.
  • Serge Durox of Coudert Frères, Paris, assesses the impact of new regulations on private placements and identifies the outstanding issues for prospective borrowers