News Release
19 June 2012
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Mayer Brown, a leading global law firm, announced today that Los Angeles Government & Global Trade partner Michael (Mickey) Kantor has been elected Co-chair of the Board of Directors for the Pacific Council of International Policy.
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Mayer Brown JSM Legal Update
On 4 May 2012, the State Bank of Vietnam (SBV) issued Circular No. 14/TT-NHNN (Circular 14) regulating the maximum VND short-term lending interest rate offered by credit institutions and foreign bank branches (collectively "credit institutions") to borrowers in four economic sectors.
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Mayer Brown JSM Legal Update
On 2 May 2012, the State Bank of Vietnam (SBV) issued Decision 857/QD-NHNN (Decision 857) regulating short-term lending in foreign currency by credit institutions and foreign bank branches (collectively "credit institutions") to resident borrowers.
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Mayer Brown Legal Update
The mining income contributes to more than a quarter of Mauritania’s gross domestic product and mining is generally seen as a strategic asset in the country’s long-term growth strategy. While Mauritania remains attractive for mining investors, recent reforms have had a significant impact on the tax and legal framework applicable to the mining sector. |
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Mayer Brown JSM Legal Update
China's National Development and Reform Commission (the "NDRC") has issued a Letter on Relevant Issues Relating to Foreign-Invested Equity Investment Enterprises (the "Letter") in response to the Shanghai Development and Reform Commission's request to clarify the 'national status' of an RMB fund in the form of a limited partnership managed by a qualified foreign invested management company as the general partner (whether or not any of the capital committed/contributed to the fund is from that general partner or another non-PRC investor, a "QFLP Fund").
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Legal Update
6 April 2012
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Mayer Brown JSM Legal Update
The Prime Minister (PM) of Vietnam approved the schedule to restructure the system of credit institutions for the 2011-2015 period (Schedule) on 1 March 2012 under his Decision No. 254/QD-TTg (Decision 254). The Schedule puts strong emphasis on Vietnam striving to have one or two banks of regional stature by 2015 and State-owned commercial banks playing an important role in restructuring the banking system.
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Legal Update
4 April 2012
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Mayer Brown Legal Update
In Fir Tree Capital Opportunity Master Fund v. Anglo Irish Bank Corporation Limited (November 28, 2011), the US District Court for the Southern District of New York held that Anglo Irish Bank (AIB), which was nationalized by the Irish government in 2009, was entitled to sovereign immunity as a "foreign state" under the US Foreign Sovereign Immunities Act (the FSIA), even though the financial instruments in dispute in the case, which were entered into by AIB prior to its nationalization, expressly provided for AIB’s submission to New York jurisdiction.
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Legal Update
13 March 2012
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Mayer Brown JSM Legal Update
Although securitisation in China dates back to the 1990s, transactions done in the early days were hampered by a lack of legal infrastructure. With the promulgation by the People's Bank of China (the "PBOC") and the China Banking Regulatory Commission (the "CBRC") of the Measures on the Administration of Credit Asset-backed Securitisation Pilot Programme (the "Securitisation Pilot Measures") on 20 April 2005, many of the issues previously restricting the development of securitisation in China were addressed.
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Legal Update
24 February 2012
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Mayer Brown JSM Legal Update
On 30 December 2011, the Ministry of Finance (MOF) released Circular 201/2011/TT-BTC (Circular 201) promulgating interest rates of investment credit and State export loans and interest rate difference for calculating post-investment assistance.
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Legal Update
20 January 2012
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Mayer Brown JSM Legal Update
On 15 December 2011, the State Bank of Vietnam ("SBV") issued Circular No. 42/2011/TT-NHNN ("Circular 42") to guide syndicated credit extension by credit institutions for clients.
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Legal Update
6 January 2012
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Mayer Brown JSM Legal Update
On 15 December 2011, the State Bank of Vietnam (SBV) issued Circular No. 39/2011/TT-NHNN (Circular 39) on independent audit of credit institutions and foreign bank branches. The issuance of Circular 39 to enforce independent bank audits is the latest example of the Vietnamese Government's determination to ensure the healthy operation of its banking system.
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Legal Update
30 December 2011
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Mayer Brown JSM Legal Update
On 24 August 2011 the State Bank of Vietnam (SBV) issued Circular No. 19/2011/TT-NHNN (Circular 19) guiding foreign currency control applicable to issuance of international corporate bonds without government guarantees.
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Legal Update
28 December 2011
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Mayer Brown JSM Legal Update
On 28 October 2011, the State Bank of Vietnam (SBV) issued Circular No. 34/2011/TT-NHNN ("Circular 34") guiding the sequence and procedures for (i) revocation of licences and liquidation of assets of credit institutions and foreign bank branches and (ii) revocation of licences of representative offices of foreign credit institutions and other foreign organisations with banking operations. Circular 34 serves as a legal basis on which to restructure the banking system and protect capital depositors.
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Legal Update
22 November 2011
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Mayer Brown Legal Update
You may have seen reports of the latest round of financial sanctions imposed by the UK Government against Iran, which were announced, and became effective, yesterday.
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Since its accession to the World Trade Organisation (WTO) on 11 January 2007, Vietnam has taken active steps to revamp its legal framework for business and investment in Vietnam. The changes are largely favourable to both foreign and local investors.
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Legal Update
21 October 2011
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Mayer Brown JSM Legal Update
On 18 August 2011, the Prime Minister (PM) issued Decision No. 44/2011/QD-TTg (Decision 44) promulgating the list of prioritised programs and projects for considering issuance of Government guarantees.
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Legal Update
12 October 2011
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Mayer Brown JSM Legal Update
Currently the borrowing of medium- and long-term foreign loans by Vietnamese business establishments (including State commercial banks) in Vietnam is subject to a common registration mechanism. However, as from 15 October 2011 (i.e. the date Circular 18 (as defined below) takes effect), State commercial banks will need to obtain a separate approval from the State Bank of Vietnam (SBV) for a foreign loan and follow a new route of registration of foreign loans.
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Count on Mayer Brown JSM to provide you with a comprehensive guide to doing business in Vietnam. The guide answers some of the most common questions raised by investors when they consider investing in Vietnam, outlining some of the main issues that should be considered.
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Legal Update
6 October 2011
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Mayer Brown JSM Legal Update
On 1 September 2011, the State Bank of Vietnam (SBV) issued Circular No. 28/2011/TT-NHNN (Circular 28) guiding the purchase of corporate bonds by credit institutions, finance companies and branches of foreign banks (collectively referred to as 'credit institutions').
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Legal Update
18 August 2011
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Mayer Brown Legal Update
In July 2011 the Competition Commission of India ("CCI") published its first decision giving its clearance to a notified transaction. The merger control provisions in the Competition Act, 2002 (as amended) ("Competition Act") had come into force on 1 June 2011.
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Mayer Brown JSM is pleased to announce that it advised PT Indika Energy Tbk (INDY), a leading integrated Indonesian energy group, in connection with the exchange offer of up to US$185,000,000 of Indo Integrated Energy B.V.'s 8.50% Senior Notes due 2012 for Indo Energy Finance B.V.'s 7.00% Senior Notes due 2018, together with simultaneous consent solicitations for the 2012 Notes and Indo Integrated Energy II B.V.'s 9.75% Senior Notes due 2016 and new money issue of US$115,000,000.
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Mayer Brown JSM Legal Update
On 22 April 2011, the State Bank of Vietnam (SBV) released Circular No. 10/2011/TT-NHNN (Circular 10) providing criteria for selecting strategic shareholders for equitised state-owned commercial banks. Circular 10 aims to provide guidance to state-owned banks seeking strategic investors such as Vietcombank and the Bank for Investment and Development.
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Mayer Brown JSM Legal Update
On 22 April 2011, the State Bank of Vietnam (SBV) released Circular No. 10/2011/TT-NHNN (Circular 10) providing criteria for selecting strategic shareholders for equitised State-owned commercial banks. Circular 10 aims to provide guidance to State-owned banks seeking strategic investors such as Vietcombank and the Bank for Investment and Development.
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Mayer Brown JSM Legal Update
In an effort to implement the Government monetary policies to restrict lending and tighten monetary policies, on 24 March 2011, the State Bank of Vietnam (SBV) issued Circular No. 07/2011/TT-NHNN (Circular 07) which restricts banks from lending in foreign currency in Vietnam.
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Mayer Brown JSM Legal Update
On 29 April 2011, the State Bank of Vietnam (SBV) issued Circular No. 11/2011/TT-NHNN (Circular 11) to terminate gold mobilisation and lending by credit institutions, including branches of foreign banks.
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Mayer Brown JSM Legal Update
Shanghai's regulatory authorities officially launched the foreign invested private equity investment enterprise pilot program (the Shanghai Pilot Program) with the issuance of the Implementing Measures on the Pilot Program of Foreign Invested Private Equity Investment Enterprises on 11 January 2011.
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Mayer Brown Legal Update
The Competition Commission of India (CCI) yesterday published the CCI Regulations (Procedure in regard to the transaction of business relating to combinations), 2011 (‘Combination Regulations’). This follows the publication of Draft Combination Regulations (“Draft Regulations”) setting out the scheme for implementing the merger control provisions (see legal update1) and the extensive consultation period which followed.
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Legal Update
31 March 2011
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Mayer Brown JSM Legal Update
China's Ministry of Commerce has published interim rules explaining key elements of the new 'security review' process that applies to certain foreign investments in China. In this legal update, we provide an overview of key aspects of the new rules and summarise what is now known about the broader review process based on information released to date.
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News Release
24 March 2011
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Leading global law firm Mayer Brown advised Elara Capital Plc as sole lead manager and bookrunner in relation to the listing by Hoang Anh Gia Lai Joint Stock Company (HAGL), one of the largest private companies in Vietnam, on the Official List of the UK Listing Authority and to trading on the London Stock Exchange- the first overseas listing for a Vietnamese company.
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There is uncertainty as to how joint ventures should be dealt with under the Competition Act 2002, as amended (the Act).
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Legal Update
26 January 2011
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Mayer Brown JSM Legal Update
Shortly after we published our article, China Continues the Flow-through Treatment for FIVCIEs, the State Administration of Taxation (the "SAT") released another public notice (SAT Notice No. 2 of 2011, "Notice 2") on its website. Notice 2 reversed its position in SAT Notice No. 26 ("Notice 26"), which was the basis of our last article, and revoked the flow-through treatment of foreign-invested venture capital investment enterprises ("FIVCIEs").
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Legal Update
24 December 2010
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Mayer Brown Legal Update
On 1 December 2010 the State Bank of Vietnam (SBV) issued Official Letter No. 9374/NHNN-QLNH (Letter) to reply to two questions raised by SBV's Long An Province Branch (Long An Branch). Both questions are about the observance of the current provisions on foreign exchange control in respect of foreign direct investment into Vietnam.
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Legal Update
8 November 2010
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Mayer Brown JSM Legal Update
The State Bank of Vietnam (SBV) has released for public consultation a draft circular guiding a joint stock credit institution (Credit Institution) on registration for listing of shares on a domestic or foreign stock exchange (Draft Circular).
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Legal Update
5 November 2010
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Mayer Brown JSM Legal Update
On 13 October 2010 the State Bank of Vietnam (SBV) issued Official Letter No. 7824/NHNN-TD to warn against dubious loans offered by certain foreign partners (Letter). The Letter addressed SBV municipal and provincial branches and credit institutions.
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Count on Mayer Brown JSM to provide you with a comprehensive guide to doing business in Thailand. The guide answers some of the most common questions raised by investors when they consider investing in Thailand, outlining some of the main issues that should be considered.
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Count on Mayer Brown JSM to provide you with a comprehensive guide to doing business in PRC. The guide answers some of the most common questions raised by investors when they consider investing in PRC, outlining some of the main issues that should be considered.
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Legal Update
13 August 2010
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Mayer Brown JSM Legal Update
The 12th National Assembly of Vietnam (“NA”) passed the new Law on Credit Institutions at its seventh session on 16 June 2010 (“2010 Law on Credit Institutions” or “New Law”). The 2010 Law on Credit Institutions aims at ensuring safe and effective operation of the nation’s banking system.
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Legal Update
27 July 2010
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Mayer Brown JSM Legal Update
The Thai Cabinet has approved, in principle, a Credit Card Business Bill ("Bill") aimed at curbing abuses by credit card business operators and increasing consumer protection.
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Legal Update
27 July 2010
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Mayer Brown Legal Update
The Governor of the State Bank of Vietnam (SBV) issued Circular No. 16/2010/TT-NHNN on 29 June 2010 (Circular 16) to provide guidelines on the implementation of Decree No. 10/2010/ND-CP of the Government dated 12 February 2010 (Decree 10) on credit information operations.
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News Release
16 June 2010
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Mayer Brown LLP, a leading global law firm, announced today that 126 of its attorneys are ranked in the 2010 edition of Chambers USA: America’s Leading Lawyers for Business, including 40 who achieved a top-band ranking or higher in 27 nationwide and/or state categories.
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Legal Update
16 April 2010
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Mayer Brown JSM Legal Update
On 14 April 2010 the State Bank of Vietnam ("SBV") issued Circular No. 12/2010/TT-NHNN allowing commercial banks to apply negotiable interest rates on short-term loans ("Circular 12").
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Legal Update
15 April 2010
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Mayer Brown JSM Legal Update
On 26 March 2010 the State Bank of Vietnam ("SBV") issued Circular No. 09/2010/TT-NHNN, regulating the establishment of joint stock commercial banks ("Circular"). The Circular provides for the issuance of a licence for the establishment and operation ("Licence") of a joint stock commercial bank ("JSC Bank").
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News Release
12 April 2010
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Leading international law firm Mayer Brown has advised Vseukrainsky Aksionerny Bank (“VAB Bank”) on the restructuring of their U.S.$125,000,000 loan participation notes. The notes were originally issued by Credit Suisse International for the sole purpose of funding a loan to VAB Bank.
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Legal Update
1 April 2010
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Mayer Brown JSM Legal Update
The Bank of Thailand (BOT) lifts the one-branch restriction for full branches of foreign banks in Thailand. Previously restricted to a single branch, a full branch can now open two additional branches.
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Legal Update
31 March 2010
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Mayer Brown JSM Legal Update
The Ministry of Finance on 15 January 2010 issued Circular 09/2010/TT-BTC providing guidelines on publicising information on the securities market (Circular 09), replacing Circular 38/2007/TT-BTC dated 18 April 2007.
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News Release
22 March 2010
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Leading international law firm Mayer Brown has advised India's National Stock Exchange (NSE) in a first-of-its-kind cross-listing agreement with the world's largest derivatives exchange, Chicago Mercantile Exchange (CME). The cross-listing will allow Indian investors to trade in U.S. indexes and expand CME's footprint in emerging markets.
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Legal Update
22 March 2010
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Mayer Brown JSM Legal Update
A consultation draft of the "Interbank Bond Market Administrative Measures for Issuance of Beneficiary Trust Certificates under Real Estate Investment Trust" (the "Measures") is currently in limited circulation. Informed sources indicate that the Measures may soon be promulgated by the People's Bank of China ("PBOC") and the China Bank Regulatory Commission ("CBRC") of the People's Republic of China ("PRC").
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Legal Update
19 March 2010
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Mayer Brown JSM Legal Update
On 12 February 2010 the Vietnamese Government issued Decree 10/2010/ND-CP on credit information operations ("Decree 10"). Decree 10 regulates credit information operations, credit rating companies and the rights and obligations of related organisations and individuals.
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Legal Update
18 February 2010
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Mayer Brown JSM Legal Update
The State Administration for Industry and Commerce (the "SAIC") wishes to see the management experience, techniques and corporate governance of foreign enterprises and individuals applied to promote the development of the private equity industry in China. In this regard, the SAIC has recently issued Decree 47 which paves the way for the registration and operation of PRC law governed, foreign invested partnerships ("FIPs").
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Legal Update
28 January 2010
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Mayer Brown JSM Legal Update
On 4 June 2009 the Vietnamese government issued Decree No. 53/2009/ND-CP on the issuance of government and corporate bonds on international capital markets ("Decree 53") and the Ministry of Finance has drafted an implementing circular to clarify some articles of Decree 53.
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Newsletter
19 January 2010
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Mayer Brown Newsletter
Welcome to Mayer Brown’s International Arbitration Perspectives, a biannual newsletter that reports and comments on the developments in international arbitration law and practice that are of significance to your business and investment interests across the globe. In this issue, we have contributions from our International Arbitration lawyers located in the United States, the United Kingdom, France and the People’s Republic of China, discussing arbitration issues and decisions of both regional and international significance.
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Legal Update
31 December 2009
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Mayer Brown JSM Legal Update
On 15 December 2009, the Governor of the State Bank of Vietnam released Circular No. 25/2009/TT-NHNN ("Circular 25") with immediate effect, adding to Article 1 of Decision No. 09/2008/QD-NHNN dated 10 April 2008 on lending in foreign currency by credit institutions to borrowers being residents ("Decision 09").
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Legal Update
29 December 2009
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Mayer Brown JSM Legal Update
Local infrastructure projects are set to become more attractive to private investors as the Ministry of Planning and Investment has just finished a draft public-private partnership (PPP) financing framework which will be submitted to the Government in early 2010 and is expected to be approved in September 2010.
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Legal Update
22 December 2009
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Mayer Brown JSM Legal Update
A government decree has been drafted for the purpose of regulating the purchase by foreign investors of shares in Vietnamese credit institutions whose shares are not yet listed on a stock exchange ("Decree").
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Media Coverage
30 November 2009
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BusinessWeek
James Patti quoted on the effect Dubai defaulting on its debt will have on emerging markets.
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Legal Update
30 November 2009
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Mayer Brown JSM Legal Update
Thailand's new Anti-Money Laundering Act (No. 3) B.E. 2552, which came into effect on 22 October 2009, obliges nine new businesses and professions to report certain transactions to the Anti Money Laundering Office (AMLO).
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News Release
25 November 2009
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Leading international law firm Mayer Brown has advised City & Guilds on a joint venture with the Manipal Group of India to provide vocational and standardised education services in India. City & Guilds, the UK’s leading awarding organisation and global leader in work-related qualifications, has teamed up with the Manipal group, one of India’s largest education providers, to launch IndiaSkills, which aims to set up 500 learning centres for one million learners over the next five years.
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Legal Update
24 July 2009
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Mayer Brown JSM Legal Update
A Commercial Collateral Bill (the"Bill") aimed at increasing the types of assets that can be used as collateral was approved by the Thai Cabinet on 9 July 2009.
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Although the emerging markets have shared in the pain of the global slowdown,well-structured deals continue to close. In this review, we highlight some of our more notable work during the last 12 months.
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Media Coverage
1 July 2009
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ALM
For Mayer Brown structured finance partner Chris Gavin, it was one of the toughest cross-border deals that he's ever handled. At first the job seemed fairly straightforward—arrange a syndicated credit facility for the Bangladesh Rural Advancement Committee (BRAC). The nonprofit microfinance and development organization, based in Bangladesh, was interested in expanding its operations into Africa. As part of a growing track record in the microfinance sector, Mayer Brown had advised on the creation of BRAC's U.S. arm. It was a logical step to reach out again to the firm to organize the new credit facility.
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Mayer Brown Legal Update
The Chairperson of the Competition Commission of India (“CCI”) has announced that the provisions of the Competition Act, 2002 (“CA 2002”) relating to anti-competitive agreements and prohibition of abuse have come into force with effect from 20 May 2009. The regulations dealing with the procedure for filing of complaints are not yet in place but the CCI consisting of the Chairperson and four other members are duty bound to accept complaints.
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Legal Update
10 March 2009
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Mayer Brown JSM Legal Update
On 3 November 2008, the Government of Vietnam issued Decree No. 114/2008/ND-CP ("Decree 114") providing details on implementation of the Law on Bankruptcy applicable to enterprises conducting business in the insurance, securities and other financial sectors.
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News Release
7 October 2008
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7 October 2008 − Mayer Brown represented ABN AMRO Bank N.V., JPMorgan Securities and Standard Chartered Bank in the BTA DPR Finance transaction that was named Emerging Market Deal of the Year for 2007 by Total Securitization and parent company Euromoney. The BTA DPR Finance deal was the largest-ever diversified payments rights securitization in Kazakhstan.
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Legal Update
18 August 2008
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Mayer Brown JSM Legal Update
The Government provided for the organisation and operation of Micro-Finance Institutions ("MFIs") in Vietnam by issuing Decree No.28/2005/ND-CP ("Decree 28") in 2005 (later amended, supplemented and repealed in part by Decree No.165/2007/ND-CP ("Decree 165") of 2007).
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July 2008 - The financial foundations for a thriving CEE securitisation market already exist.
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Legal Update
21 July 2008
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Mayer Brown JSM Legal Update
The Financial Institution Development Fund ("FIDF") is the government backed institution which protects the deposits of the public with financial institutions in case of bankruptcy or closure.
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Mayer Brown JSM Legal Update
The State Bank of Vietnam issued Decision No.06/2008/QD-NHNN on 12 March 2008 on the evaluation and rating of joint-stock commercial banks ("Regulation"). This sets forth certain criteria by which joint-stock commercial banks (the "Banks") may evaluate and rate themselves.
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Mayer Brown JSM Legal Update
On 10 December 2007, the State Bank of Vietnam, the Ministry of Pubic Security and the Ministry of Justice issued Joint-Circular No. 08/2007/TTLT-NHNN-BCA-BTP relating to the recovery and disposal of finance leased assets by finance leasing companies ("Circular08").
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Mayer Brown JSM Legal Update
On 9 January 2008, the State Bank of Vietnam issued Decision No. 01/2008/QD-NHNN relating to the opening and closing of operation of branches and representative offices of Non-Bank Credit Institutions (NBCI) ("Decision 01").
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Mayer Brown JSM Legal Update
On 14 April 2008, the Ministry of Industry and Trade issued Circular No. 05/2008/TT-BCT ("Circular 05") amending and adding to Circular 09/2007/TT-BTM ("Circular 09") of the Ministry of Trade dated 17 July 2007
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Mayer Brown Newsletter
May 2008 - A new Financial Institutions Business Act B.E. 2551 (the "Act") has been approved by Thailand's National Legislative Assembly, and will become effective on 3 August 2008.
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Mayer Brown JSM Legal Update
A new law restricts the permitted purposes for lending in foreign currencies by credit institutions in Vietnam.
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Legal Update
30 April 2008
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Mayer Brown Legal Update
India's rapid industrialization and increased role in the global economy continues to substantially increase its demand for energy. As a result, business and investment activity in India's energy sector is substantially growing as well.
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April 2008 - In December 2007, Lucent Technologies Inc. secured a nonprosecution agreement from the Department of Justice (DOJ) and settled an enforcement action with the SEC for conduct related to travel and entertainment expenses incurred on behalf of Chinese government officials and for the manner in which these expenses were booked.
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News Release
9 April 2008
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9 April 2008 - Mayer Brown LLP, a leading international firm, is pleased to announce that the firm has received two 2008 Americas Awards from International Financial Law Review (IFLR) for Project Finance Deal of the Year and Project Finance Team of the Year.
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Legal Update
9 April 2008
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Mayer Brown Legal Update
April 2008 - As of 20 May 2008, parties to commercial transactions in Thailand will benefit from a more stringent escrow arrangement under the newly passed Escrow Act B.E. 2551 (2008) (the "Escrow Act").
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Legal Update
3 April 2008
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Mayer Brown Legal Update
The Bank of Thailand (the "BOT") has issued a Notification permitting financial institutions to purchase foreign currencies against the Thai Baht from their customers in the full amount without having to withhold 30% of the remitted amount of foreign currencies as reserves. This Notification took effect on 3 March 2008.
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News Release
1 April 2008
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1 April 2008 - Barry Machlin, a partner in the Global Projects Group at Mayer Brown LLP, a leading global law firm, has been selected by American Lawyer Magazine as a Dealmaker of the Year for 2007 in the Project Finance category.
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Mayer Brown Newsletter
March 2008
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News Release
11 March 2008
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11 March 2008 - JSM (now known as Mayer Brown JSM in Asia), one of Asia's oldest and largest law firms, won two prestigious awards at the International Financial Law Review (IFLR) Asia Awards 2008 held in Hong Kong on 6 March 2008.
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March 2008 - "Going to China" is something heard with increasing frequency from companies looking for value and quality in their sourcing of products and services -and with good reason. China is the manufacturer of a significant and increasing amount of the world's products. It is also intent on becoming a leading provider of services.
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Newsletter
21 February 2008
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Mayer Brown JSM Newsletter
Mayer Brown and JSM have combined in January 2008 to form a premier, global law firm with offices in Asia, Europe and the Americas. Read about the combined firm in the Firm Overview.
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News Release
20 February 2008
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20 February 2008 - Three major projects for which attorneys of Mayer Brown's Infrastructure, Latin America and Projects Groups provided legal counsel are recognized as 2007 "Deals of the Year" for their innovation and ingenuity by Project Finance Magazine in its February issue.
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News Release
9 January 2008
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09 January 2008 - JSM's Vietnam office assisted GS Engineering & Construction, a Korean company listed on the Korean stock exchange, to receive the first Investment Certificate on 20 December 2007 granted under the Build-Transfer structure, a special form of investment under the BOT regulations of Vietnam designed to encourage investors to build infrastructure projects in return for special incentives.
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News Release
21 December 2007
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21 December 2007 - Mayer Brown LLP, a leading global law firm, and Johnson Stokes & Master (JSM), a leading Asian law firm, have agreed to combine as of January 28, 2008. The combined firm will provide a global service to clients through seven offices in Asia, six in Europe and eight in the Americas, including a recently opened office in Brazil.
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News Release
14 December 2007
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14 December 2007 - Mayer Brown, a leading international law firm, has announced that Gianluca Bacchiocchi, Ricardo Gonzalez and Luke Richbourg have been promoted to the firm's partnership, effective January 1, 2008. Bacchiocchi, Gonzalez and Richbourg are members of the firm's Latin American practice group.
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News Release
13 December 2007
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13 December 2007 - Mayer Brown, a leading international law firm, today announced the official opening of its new office in São Paulo, Brazil, following registration with the Brazilian Bar Association (OAB). Stephen Hood, a lawyer with extensive international experience, particularly in the Brazilian legal community, is the partner-in-charge of the office. Mayer Brown also announced that James Vickers, an experienced projects and infrastructure lawyer in the São Paulo office, will be promoted to partner on January 1.
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News Release
7 December 2007
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7 December 2007 - International law firm Mayer Brown has been named "Securitisation Law Firm of the Year" at the Global Derivatives and Securitisation Awards 2007 in recognition of groundbreaking work undertaken by the London, Frankfurt and Paris securitisation lawyers over the last year. The awards honoured the people, companies and deals that have made an impact on the European securitisation market. The event was held on 28 November at the Millennium Hotel, London.
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An article entitled Blackstone's full impact: use your minority stake to buy together by Richard Malish, an attorney in the New York office of Mayer Brown's Corporate & Securities practice specializing in China investments, was published in the December 2007 edition of the International Financial Law Review. An excerpt from the article follows:
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November 2007 - There has been an exponential growth in private equity investment in the United States over the last decade, and private equity investors - both private equity funds and hedge funds - attracted by the prospect of high returns, have started to increase their investment activity in Latin America, especially in Brazil and Mexico, the two largest and most mature markets in the region.
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News Release
1 October 2007
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1 October 2007 - Euromoney's Project Finance has published its "Top 10" rankings in Power and Renewables within the Latin American market.
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News Release
5 September 2007
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Leading international law firm Mayer Brown today announced it is expanding its geographic presence in Latin America and is in the process of establishing an office in São Paulo, Brazil. Stephen Hood, a lawyer with extensive international experience, particularly in the Brazilian legal community, will become a Partner of the firm and will run the office.
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News Release
1 August 2007
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1 August 2007 - Euromoney's Project Finance has published its annual "Top 10" rankings in the Latin American market. The results list the mandated arrangers, arrangers, financial advisors and legal advisors that are most active throughout the region.
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Mayer Brown Newsletter
July 2007 - Mayer, Brown, Rowe & Maw LLP has already advised on a securitisation of Bulgarian small and medium enterprise loans.
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Mayer Brown Newsletter
July 2007 - In the wake of the guilty plea entered by Vetco Grey in February 2007, the US Department of Justice (DOJ) has aggressively intensified its investigation into payment practices of those working through the customs process in Nigeria. While some of these investigations have resulted in public statements by companies under review, the activity has yet to cease.
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Mayer Brown Newsletter
11 July 2007 - In spite of its small population compared with other Eastern European countries, Georgia is a fast-growing market economy with substantial potential. The favorable Georgian banking environment and the significant growth of the country's mortgage and consumer loan markets will support banks entering into securitization transactions.
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Mayer Brown Newsletter
11 July 2007 - It is likely that a securitisation transaction in Serbia will take place soon. The following factors might support the Serbian banks in entering into securitisation transactions: (i) the favourable Serbian banking environment, (ii) outstanding growth in Serbia of mortgage and SME loans, (iii) strong competition among Serbian banks, (iv) existing lending caps, and (v) the banks' aim to refinance with foreign capital markets.
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Mayer Brown Newsletter
11 July 2007 - It is likely that due to its large population and the outstanding growth of residential mortgage lending during the last few years, Romania will experience its first securitisation transactions of residential mortgage loans this year.
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Mayer Brown Newsletter
11 July 2007 - It is likely that due to the outstanding growth of residential mortgage and unsecured consumer lending during the last few years, Slovakia will experience first securitisation transactions soon.
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Mayer Brown Newsletter
11 July 2007 - It is likely that due to the outstanding growth of residential mortgage and unsecured consumer lending during the last few years, the Czech Republic will experience its next securitisation transactions soon.
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Mayer Brown Newsletter
11 July 2007 - Mayer, Brown, Rowe & Maw LLP has already advised on various securitisation transactions of diversified payment rights (DPR) and trade receivables out of Turkey.
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Mayer Brown Newsletter
11 July 2007 - Poland has an established special securitisation framework created by the Banking Act and the Law on Investment funds. Its aim is to facilitate Polish bank loan securitisations by Polish securitisation funds. According to this special legislation, securitisations of Non-Performing Loans (NPL) are also permitted.
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Mayer Brown Newsletter
11 July 2007 - It is expected that a special securitisation law will come into effect in 2008.
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May 2007 - "Securitisation in Hong Kong". This article appeared in the third edition of The International Comparative Legal Guide to: Securitisation; published by Global Legal Group Ltd, London (www.iclg.co.uk)
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News Release
10 April 2007
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Mayer, Brown, Rowe & Maw LLP
10 April 2007 - With its client Merrill Lynch International, Mayer, Brown, Rowe & Maw LLP recently structured a first-of-its-kind subordinated Tier II capital market offering out of Africa. Merrill Lynch International was the lead book-runner on the $175 million issuance of subordinated Tier II debt by First Bank of Nigeria PLC, the country's largest bank.
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October 2006 - The problem: Projects abroad face foreign government interference. With oil and gas and other raw materials fetching record prices, it is not surprising that government interference with foreign investments in those sectors continues to rise.
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News Release
12 March 2007
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12 March 2007 - International law firm Mayer, Brown, Rowe & Maw LLP has been appointed to act as procurement counsel to the Panama Canal Authority with respect to the construction and associated works contracts related to the planned Panama Canal Expansion Program.
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February 2007 - This article is intended to provide a brief overview of the common features of true sale securitisation transactions in Central and Eastern Europe (CEE). In a true sale securitisation, an originator generally transfers a pool of its assets to a special purpose vehicle (SPV) and the SPV finances the purchase by issuing debt instruments into the capital markets. A true sale is only achieved if the transfer legally isolates the assets from the insolvency risk of the originator.
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