Lawyers blamed for Indian derivatives war

Tom Young | NEWS ANALYSIS - March 27, 2008

Counsel are being blamed for companies' failure to meet payment commitments on badly performing structured derivatives products in India.

Global volatility means India's derivatives market is suffering a downturn. Firms have reportedly been advising their clients, mostly small to medium-sized enterprises, not to meet their payment obligations to private banks, and instead claim...




Related articles

Akbank decided to bite the bullet and try a direct issuance, notwithstanding the witholding tax costs

Simon Porter explains how a Turkish bank sold bonds structured to anticipate changes to the country's tax laws

Web seminars

US regulatory reform
August 3 2010
The impact of US regulatory reform on foreign financial institutions and issuers. A discussion with UBS, Morrison & Foerster and IFLR

Latest Issue

September 2010

Avoiding the circular
China-based companies are moving away from Circular 10 when listing abroad. New work-around structures are emerging [more]