Magazine - September 2003

In publication since 1982, IFLR has become the trusted source for in-house counsel and law firms specialising in financial law.

Cover Story

Features

  • Why the class action strategy is worth a second look

    David Skeel, professor of law at the University of Pennsylvania, argues that class action remains a vital, if flawed, way of dealing with sovereign debt distress

  • Reits: success in Hong Kong depends on flexible regulation

    Whether Hong Kong can compete for a share of Asia's rapidly growing market for real estate investment trusts will depend on how the new Reit regulations are applied, say Dean Lockhart and Graham Turl of Linklaters

  • Why lawyers need to take a closer look at exit consents

    Exit consents have been hailed as an important tool in the battle to avoid Argentina-style sovereign debt defaults. But Stephen Choi and Mitu Gulati explain that lawyers must take a close look at the bond terms if they want to ensure their restructuring plans will work in practice

  • Restructuring corporate debt in Latin America

    Difficult market conditions have left many Latin American companies unable to refinance their maturing debt. In the first of a two-part series, Peter Darrow of Mayer Brown Rowe & Maw looks at how borrowers and lenders can deal with the regional debt squeeze

  • Greece unveils new securitization law

    A new Greek law has expanded securitization into the private sector. George Pergamalis of Freshfields Bruckhaus Deringer explains what market participants need to consider when doing their deals

  • Creditor confidence rests on bankruptcy reforms

    Italy must overhaul its bankruptcy law to give lenders confidence that the government is committed to widespread corporate finance reform. Without change, creditors will continue to receive what they say is unfair treatment, reports Emma Barraclough

  • Italian lawyers face new acquisition finance test

    Corporate reforms in Italy should give more clarity as to how the courts will view leveraged buyouts, but investors still need to be wary. Emma Barraclough reports

  • France diverges from US on insider trading

    France recently overhauled its financial regulatory system, but stopped short of following the US's tough tactics towards insider trading. Eric Cafritz and James Gillespie of Fried Frank Harris Shriver & Jacobson compare the different approaches

  • Court ruling leaves uncertainty over secured lending

    International banks can no longer be certain of the effectiveness of taking a security interest in Korean assets by way of a pledge from Korean companies. Joshua Margolis and Chul Hyun Kim of Hwang Mok Park consider what can be done to avoid a chilling effect on derivatives and secured lending transactions

  • China adds hurdles to inbound M&A

    Instead of creating a clear roadmap for M&A in China, new rules have made doing deals more complicated and confusing for foreign investors. Doubts now over how the regulations will be enforced is creating even more uncertainty, reports Andrew Crooke

  • China gives certainty to derivatives contracts

    The release of new derivatives rules in China will help make contracts between foreign banks and domestic counterparties valid and enforceable under PRC law. Andrew Crooke reports

  • Firm directory - China

  • Insurers find strategic path for China investment

    Foreign insurers are increasingly making strategic investments in China. W Seung Chong of Freshfields Bruckhaus Deringer and Satoshi Naganuma of Millea Asia discuss the key issues to consider

News analysis

International briefings