Isda Master Section 2(a)(iii)

First test case

A surprising conclusion on flawed-asset conditional payments has practitioners scrambling for a solution. Here's one

Was it invented here?

Vincom: First international convertible dissected

A Vietnamese company has sold convertible bonds on the international market for the first time, thanks to government support, regulatory flexibility and a high level of disclosure

Chinese regulator prompts more derivatives advice

Banks could demand that their corporate counterparties in China seek more advice on trades, after a senior Chinese regulator criticised international banks for ''maliciously'' selling derivatives

More meritocratic financing in Middle East

Granting financing to prominent borrowers based on family name or reputation has long been a common practice across the Middle East. But with liquidity stretched and the region's banks looking more carefully at their risk profile, name lending could be on the way out

Private equity exits

Consider dual track

Private equity houses are beginning to view the initial public offering as a viable exit strategy from their portfolio investments once again

Hong Kong, Singapore fight off Shanghai

Counsel in Singapore are concerned that the rise of Shanghai could cause a decline in the number of Chinese companies listing on their exchange. But while other exchanges in the region are trying to attract foreign issuers, Singapore may have fewer options

Fears on fraudulent Chinese offering documents

Counsel in Hong Kong and China are concerned that the quality of disclosure on some Chinese company offering documents is being sacrificed in a bid to catch the latest stock market rally

HK first establishes disclosure for US issuers

Banks fear Prospectus Directive amendments

French distressed M&A

Why there's more conciliation

French conciliation proceedings are morphing successfully into aids to distressed M&A. Here's why

Royal Group: Boost for onshore deals in Cambodia

A Cambodian company has successfully closed the country's largest-ever M&A deal. The deal was financed onshore by a group of international banks, showing the potential for foreign interest in south-east Asian deals that have the right structure

Nortel: Consortium bids can save distressed M&A

The latest asset sale by Canadian telecoms company Nortel has proved that strong consortium bids are vital to the success of distressed M&A deals

Don't fret about Korean poison pills

Korea announced a bill that would allow companies to use poison pills against hostile bidders, but observers believe that such a move is unnecessary as companies are already well protected

M&A Review

Strategic if anything

The corporate departments that weathered this downturn well, from the IFLR1000

Charter: A group precedent for US bankruptcies

A court decision in Charter Communications’ bankruptcy proceeding has set an important precedent as to what constitutes a group under section 13(d) of the Securities Exchange Act. This will make it easier for other companies to retain debt they can afford under their original terms

KPMG case will turn on Lehman JV agreement

As Thai police issue summonses to three KPMG partners responsible for liquidating Lehman Brothers, attention has turned to Lehman's joint venture agreement with the complainant, Destination Properties

The problem with HK's class actions proposals

Banks and companies in Hong Kong could find themselves in a highly litigious environment if they fail to voice concerns over the Law Reform Commission's proposals on class actions

Hong Kong restructuring

Welcome, but poorly drafted

Hong Kong could finally have a rescue regime next year. But employee issues must be dealt with first

The 2009 Financial Crisis Guide

The 2009 Guide to Competition and Antitrust

The 2009 Guide to Energy and Project Finance

The 2009 Guide to Private Equity and Venture Capital

South Korea

Turkey: Foreign exchange loan regime

US capital markets: The mortgage Reit reprise

Singapore: Review of the Companies Act

Japan: Significant FIEA amendment

Mexico: Private equity targets pension funds

Cyprus: Stock exchange developments

Austria: Restoring liquidity for enterprises

Italy: Stringent rules for public companies

India: Indian Depository Receipts