China derivatives

International Chinese standards

The 2009 Nafmii Master Agreement is a synthesis of the best international standards, with Chinese adaptations

Russia welcomes foreign securities, but with complications

Australian bonds

Return of retail debt

Two deals could be the start of a new debt market

European Capital Markets Forum

A lot to talk about

Europe's top lawyers and banks had an immense range of proposed regulation, crisis management and legal structures to debate at this year's Capital Markets Forum in London

Asia rights offerings

Making sense of the regimes

A comparison of local regulation of rights offerings across Asia and a call for it to be harmonised

Cesr chairman prefers disclosure for shorting

The Big Question

How can secondary boards succeed?

Marketing is more important than disclosure for Asia's alternative exchanges

US rights offerings

Protect me from the market

Rights offerings have never been popular in the US. But now that they are the only option for some, both sides are arguing over legal protections should deals go wrong

Collapsed US takeovers

Lessons of the Dow/Rohm saga

Unlike the Hexion or United Rentals cases, Dow tried to pull out of its acquisition by challenging specific performance as inequitable

US Spacs

Be careful with time limits

Getting Spacs more time for an acquisition can be tricky. Make sure you consider disclosure, authority and contractual issues

China special: the Coke case

Transparency is in Mofcom's interests

The Coke decision was political but backed by some promising antitrust analysis. Mofcom now needs to explain it in greater depth

Asia M&A documentation

More Macs, bigger caps

This is distressed M&A today: more Mac clauses, completion accounts and warranties. No longer timetables though

Unsolicited M&A in Hong Kong

Why deals fail

Though there are very few unsolicited takeovers in Hong Kong, the time for them is now ripe. Here's how to manage the hurdles

US Dip financing

Hedge funds have taken control

Hedge funds and private equity are changing the way debtor-in-possession loans work. Expect more arguments over control clauses and lien facility positioning

Enforcing Russian security

New regime needs tweaks

Good news for foreign creditors, especially for the risk of a security provider going insolvent

Corporate insolvency in the GCC

This is how local law works

There haven't really been liquidations in the GCC before. Understand this and you’re half way to grasping how restructurings will work after the real estate boom

CMBS workouts

Special servicers key to property deals

Structured finance and special servicing is changing commercial property loan workouts. You need to know how a special servicer works

Asia liability management

China and India have control

Liability management in China is being restricted by offshore rules. In India, it's the exchange rate. Both may be forced to change

Sweden: No to government guarantees

Japan: New share certificate system

Brazil: Registration of listed companies

China: Taxation: Circular 958

Italy: New banking system rules

Singapore: Securities non-delivery penalties

US: And along came Bernie

Investment funds

The 2009 guide to Mergers & Acquisitions

Turkey

India

The 2009 guide to Litigation