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  • Introduction by the Deutsche Bundesbank
  • Market Overview By Tom Schubert and Christian Stahlberg of Roschier Holmberg & Waselius, Helsinki
  • The Dutch Central Bank and Securities Board have given the clearest guidance to date on the qualification criteria for restricted circle offerings. By Pieter Riemer of Trenité Van Doorne, London
  • Effect of subordination agreements in bankruptcy proceedings
  • Introduction by the Bank of Japan
  • New regulations on foreign investment
  • Continental firms Beiten Burkhardt Mittl & Wegener (Germany), Moquet Borde & Associés (France), Pavia e Ansaldo (Italy) and Meyer Lustenberger (Switzerland) have joined to form the partnership BBLP
  • New law on protection of investor rights
  • Euro By Markus Heidinger of Wolf Theiss & Partners, Vienna
  • The US Accountancy Board, the FASB, has brought an end to the pooling of interests for the accounting treatment of mergers and acquisitions in the US. David Bernstein of Rogers & Wells, New York reviews the effect of the decision and questions the wisdom of amortizing goodwill on M&A deals