Editors' Note

Capital market or capital markets? We say the latter in thetitle of this Journal. The articles in this issue, however,deal with attempts to harmonise, codify and direct a more commonapproach, albeit regional in some cases, for capital marketactivities, which we know are sometimes slow to respect eithernational jurisdictional     

Editors' Note

In some languages there is no precise word for any number overfive. Anything from six to a thousand (and beyond) is simply‘a lot’ (or, perhaps, in the case of public transport,‘too many’). Clearly the people who developed suchlanguages did not have capital markets, let alone mathematiciansor accountants. Volumes of new issues in both domestic and internationalmarkets are reaching levels that stretch the imagination ofeven hardened     

Editors' Note

So, what do our readers think? Is the state of the capital marketsa blip or is it the start of a slowdown? As your Editors penthis note, it sure is a little choppy out there. Whichever way you would place your bet on where it all goesfrom here, it would be difficult for any of us to complain aboutthe deal flow over the period that Capital     

Editors' Note

Welcome to the inaugural issue of Capital Markets Law Journal. Why another journal? The increasing rate of change in the internationalcapital markets—in products, in practice and in regulation—hashighlighted the fact that there is no proper mechanism to informthose interested in such markets of new developments. We verymuch hope that Capital Markets Law     

Editors' Note

Thomas Mann wrote ‘time has no divisions to mark its passage,there is never a thunderstorm or blare of trumpets to announcethe beginning of a new month or year’. Well, that maybe true in his world; but in the world of the Capital MarketsLaw Journal we think differently. So for our first issue of2007, we do indeed start with a blaze