News analysis

  • Mayer Brown indictment is an isolated incident

    20 Dec 2007

    US lawyers aren't worried about the indictment of Mayer Brown partner Joseph Collins over Refco. Most in the market seem to be assuming that this was an isolated case of active fraud

  • Sub-prime legislation could deter lenders

    20 Dec 2007

    A bill in the US to make mortgages easier to pay could deter banks from lending, at precisely the time when central banks are trying to increase liquidity. It could also be another blow to securitisation

  • Foreigners can issue Renminbi bonds, but won't

    19 Dec 2007

    Good and bad news for counsel in China. Foreign companies will be able to issue Renminbi-denominated bonds; but it's unlikely they will bother, with the regulatory regime still not clear

  • Investor group calls for stronger bond covenants

    17 Dec 2007

    Bond covenants can be strengthened by a consensus between investors and issuers, according to a white paper released today by The Credit Roundtable Group

  • African bonds heat up

    13 Dec 2007

    Traditional securities markets may be spluttering, but sovereign debt in Africa is accelerating. Last week, Gabon issued a $1 billion debut bond as appetite for African debt grows

  • Canadian exchanges merge for strength

    13 Dec 2007

    The Montreal and Toronto stock exchanges have proposed a $1.3 billion merger, creating the new entity TMX Group. While this hasn't surprised many people, it will make the two exchanges more efficient and more able to ward off bidders

  • Credit crunch draws regulation in Thailand

    12 Dec 2007

    Thailand's banks are being punished for the sub-prime crisis by having new regulations for trades in collateralised debt obligations thrust upon them by the Bank of Thailand

  • Banks replaced by real estate funds

    06 Dec 2007

    As investors and banks shy away from mortgage-backed securitisation, a new player is set to step into the ring

  • Islamic finance battles credit crunch

    06 Dec 2007

    As investors spurn conventional securities, emerging markets such as the Middle East are benefiting. Islamic finance in particular is picking up thanks to investors looking for safer products

  • Record year for convertibles

    06 Dec 2007

    While the debt capital markets have come to a standstill, convertible bonds have been making a resurgence. A record $170 billion of convertibles have been issued this year, according to Deologic, the data provider

  • Many ways in

    01 Dec 2007

    How do you win work in a country that doesn't want you? Ask Linklaters, Jones Day and White & Case

  • Rise of the Young Turks

    01 Dec 2007

    The booming capital markets are allowing a handful of new, dynamic firms to do innovative work

  • Troubled times

    01 Dec 2007

    A wide swathe of law firms benefited from this year's US equity volume. It was a good thing to have in a volatile year

  • Americans win, just

    01 Dec 2007

    China has propelled high-yield debt this year. But the battle for the legal work is becoming complicated as more UK firms hire US lawyers

  • More locals, fewer foreigners

    01 Dec 2007

    A wide range of local firms have benefited from the equity boom. But only one foreign firm - Linklaters

  • Two very different legal markets

    01 Dec 2007

    A plethora of firms are winning work in Peru's capital markets, but three big firms dominate in Chile

  • First funds access the US

    01 Dec 2007

    A new way to issue under Rule 144A

  • Regulation not religion

    01 Dec 2007

    Securitisation is hampered by local laws, and by a lack of Islamic assets

  • Conventional problems

    01 Dec 2007

    Dubai's first securitisation had a conventional structure. Insolvency, however, was an issue

  • How to set sukuk free

    01 Dec 2007

    Islamic bonds won't be a global force until they can break the US market

  • A user's guide

    01 Dec 2007

    A tour around the Loan Market Association's first guide to Islamic finance and its terms

  • A new retail product

    01 Dec 2007

    Customised index platforms give issuers a way to stand out from the crowd

  • Belgium's future bond

    01 Dec 2007

    It's easy to structure a covered bond, even without specific legislation. Here's how

  • In praise of ambiguity

    01 Dec 2007

    Two US cases and their lessons for how to structure a Mac clause

  • US vs UK contracts

    01 Dec 2007

    How leveraged finance terms have been affected differently by the credit crunch

  • A tough job for the SEC

    01 Dec 2007

    It will be hard to prove fraudulent intent