How to cope with Korea capital markets law

Author: | Published: 18 Nov 2009

Go slow, don't take anything for granted and treat it as a completely new market. Those are banks' recommendations for those trying to do deals under Korea's new capital markets law.

Patricia Sindel, managing director at Credit Suisse, related her personal experiences of recent deals on a panel at the Asia Capital Markets Forum on November 18. “One aspect of the law that is pretty clear is you can't execute the underwriting agreement in Korea unless you are licensed. So we tell the bankers to make sure they always sign the documentation in Hong Kong, and do so before the company. It may sound ridiculous but that's what we have to...