Wolf Theiss and the Austrian Embassy Commercial Section cordially invites you to an Exlusive Business Roundtable in Sofia...

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The Council of the European Union (Council) has published the conclusions on packaged retail investment products (conclusions) which were adopted at the 2948th ECOFIN meeting on 9 June 2009.

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Zoltán Faludi / Managing Partner, Wolf Theiss Budapest

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International Arbitration: The Things You Don?t Learn In Law School Christoph Liebscher

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International Arbitration: The Things You Don?t Learn In Law School Christoph Liebscher

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The European Commission (Commission) has published a speech given on 3 June 2009 by Herbert Ungerer, Deputy Director of DG Competition with special responsibility for state aid, on national intervention and state aid in the current financial and economic crisis.

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On 8 June 2009, the Committee of European Securities Regulators (CESR) published a call for evidence (CfE) on mutual recognition with non-EU jurisdictions.

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On 2 June 2009, the Securities Industry and Financial Markets Association (SIFMA) published a press release announcing that it, together with senior management of a group of international dealers, asset management firms and investors (signatories), sent a letter (letter) to the Federal Reserve Bank of New York, outlining a framework for over-the-counter (OTC) derivatives risk management and market structure.

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On 28 May 2009, the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), acting through the joint Committee on Financial Conglomerates (JCFC), published a consultation paper on proposed advice to the European Commission (Commission) on the Financial Conglomerates Directive (2002/87/EC) (FCD).

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On 28 May 2009, the European Commission (Commission) published a press release announcing that it intends to clarify and strengthen the provisions of the undertakings for collective investments in transferable securities (UCITS) regime, particularly in relation to the UCITS depositaries' liability, in the light of the fraud perpetrated by Bernard Madoff.

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On 26 May 2009, the Alternative Investment Management Association (AIMA) published a press release announcing that it intends to launch a series of initiatives to mobilise the global hedge fund industry on the Alternative Investment Fund Managers Directive (AIFM Directive) recently proposed by the European Commission (Commission).

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On 27 May 2009, the European Commission (Commission) adopted a communication on strengthening the European financial supervision (Communication).

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Established by the Hungarian Energy Office (HEO)

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