Magazine - May 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

  • Collective action shows the way forward

    With Uruguay waiting to see if its innovative exchange offer will be accepted by investors, Anna Gelpern at the Council on Foreign Relations in Washington DC looks at the new approaches to sovereign debt restructuring and argues that the use of controversial collective action clauses is coming of age

  • Has the UK missed a hedge fund bonanza?

    UK regulators have shelved plans to allow the sale of hedge funds to retail investors. Simon Firth of Wilmer Cutler & Pickering believes the rulemakers will regret their mistake

  • FSA calls time on research sweeteners

    UK money managers are reeling from bold new plans to force them to separate charges for trading and non-trading costs. Thomas Williams talks to the woman behind the proposals, Christina Sinclair, head of the Financial Services Authority's business standards department

  • Retail derivatives made simple

    Regulators have always frowned on selling derivatives to UK retail investors. But Simon Gleeson from Allen & Overy explains how careful structuring can overcome this problem

  • What France must learn from US disclosure

    The US may have been the centre of corporate disclosure scandals, but it is French regulators which need to ensure companies keep investors informed say Eric Cafritz and James Gillespie of Fried Frank Harris Shriver & Jacobson

  • Will Hong Kong's stabilization rules help the market?

    New rules to address price volatility in securities offerings have been introduced in Hong Kong. John D Moore of Goldman Sachs explains how the regulations meet international standards and reviews some areas that may need a closer look

  • Why China Netcom chose the Chapter 11 route

    The final part of this deal analysis reveals why an asset purchase through a US Chapter 11 case was the best way for state-owned telecoms operator China Netcom to buy Asia Global Crossing. Edward Turner, Sandor Schick and Etienne Gelencsér of Shearman & Sterling explain

  • How hostile bidders can prise open target companies

    For the first time in Australia, the bidders in two recent takeover bids included conditions to help them extract valuable and confidential information from the target. Rodd Levy of Freehills looks at how this could influence future bidding tactics, as well as the final outcome

  • Can Reits resurrect Hong Kong's ailing property market?

    Hong Kong's securities regulator has responded to industry pressure by releasing draft rules to create real estate investment trusts. But there are doubts over whether some proposals are suitable says Effie Vasilopoulos of Johnson Stokes & Master

News analysis

International briefings