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On 26 April 2013, The Stock Exchange of Hong Kong Limited (the Exchange) published two sets of consultation papers on reforming the connected transaction rules.

The Carrefour Group recently announced the sale of its 25% stake in Majid Al Futtaim Hypermarkets for €530 million to its regional partner, Majid Al Futtaim Holding. Partners since 1995, Carrefour and Majid Al Futtaim operate 50 hypermarkets and 44 supermarkets...

The Korean Fair Trade Commission chairman ("KFTC"), has presented its 2013 agenda, which prioritises the reform of large conglomerates, increasing competition opportunities and fairness for small businesses, eradicating cartel practices and creating...

On 15 May 2013, the Securities and Futures Commission (SFC) published a Consultation Paper on the Proposed Amendments to the Professional Investor Regime and the Client Agreements Requirements (Consultation Paper). Amongst other things, the SFC revisits the...

Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...

After several years of drafting and three rounds of public consultation, the Ministry of Health has at last published the revised Good Supply Practice for Pharmaceutical Products (Revised GSP Standards) (药品经营质量管理规范) on 22 January 2013. The Revised GSP Standards...

The supra-national merger control regime of the Common Market of Eastern and Southern Africa (COMESA) came into force on 14 January 2013. It has long review periods, potentially high filing fees and no jurisdictional thresholds, but does not prohibit closing...

The European Commission on 18 March 2013 issued revised guidance on the conduct of inspections at business premises of companies suspected of anticompetitive conduct. It is important that the principles from the revised guidance and certain recent cases are reflected...

High yield bonds have become increasingly attractive to sponsors in financings and, most importantly, refinancings. Sustained liquidity and growing investor demand, coupled with the reduced availability of new M&A credits, has driven the inclusion of flexible...

In a landmark ruling on 30 April 2013, Hong Kong’s Court of Final Appeal (CFA) dismissed Tiger Asia Management LLC’s (Tiger Asia) appeal brought against the Hong Kong Securities & Futures Commission (SFC), in which Tiger Asia, an off-shore hedge...