The 2007 Global Report

  • Editorial

  • Leaders


  • Bankers' counsel poll

    The opinions of lawyers at Europe's top investment banks are voiced at conferences, roundtables and forums. But they are always on the record and they are spread disparately througout the year. Here, for the first time, IFLR surveys counsel anonymously about the market practice issues that really matter. By Pete Jones and Simon Crompton

  • Molehill, not mountain

    Did options backdating do any real harm? By David Bernstein of Clifford Chance US LLP

  • Europe


  • Great expectations

    Mark Curtis, Isabella Roberts and Jeremy Cruse of Simmons & Simmons identify the factors that have affected the EU's aim to create a level playing field for takeovers

  • An investor's checklist

    Tips on what to watch out for in global merger control. By Susanne Zuehlke and Gaby Eickstaedt of Latham & Watkins, Brussels

  • Austria


  • Looking back

    Volker Glas of Cerha Hempel Spiegelfeld Hlawati outlines the developments affecting bank lending in Austria over the past year

  • A year in review

    Peter Knobl of Cerha Hempel Spiegelfeld Hlawati tracks EU legislative developments and their impact on Austrian bank regulation

  • Austria keeps up with the EU

    Philipp Spatz of Cerha Hempel Spiegelfeld Hlawati sets out Austria's take on the EU capital markets directives

  • Taking a hard line

    Austria's corporate governance regime is becoming less focussed on voluntary compliance and now includes more mandatory provisions. Albert Birkner and Clemens Hasenauer of Cerha Hempel Spiegelfeld Hlawati explain

  • Projects make progress

    Christian Thaler of Cerha Hempel Spiegelfeld Hlawati outlines some unique issues to consider when financing projects in Austria's thriving market

  • Think global, act local

    Austrian finance structures are usually part of a wider global structure, but the intricacies of Austrian finance law can't be ignored. By Volker Glas of Cerha Hempel Spiegelfeld Hlawati

  • Finland: M&A

    Finland: M&A

  • A year in review

    Nina Wilkman of Borenius & Kemppinen looks back at the year's developments in corporate legislation and how they affect M&A activity

  • Indonesia


  • Indonesia: A definite uptick

    Nini N Halim of Hutabarat Halim & Rekan Lawyers explains new legislation that should help foreign acquisitions in the country

  • Islamic project finance

    Islamic project finance

  • Playing catch up

    Recent project finance shows there's more to Islamic finance than sukuk. Nadim Khan and Paul McViety of Herbert Smith LLP

  • Italy


  • M&A overview

    By Fiorella Alvino of Ughi e Nunziante

  • Partly paid notes

    Partly paid notes should be compatible with Italian securitization law, says Patrizio Messina, partner of Orrick Herrington & Sutcliffe

  • Japan


  • Impetus for change

    Taku Umezawa of Nagashima Ohno & Tsunematsu describes the bank regulation environment in Japan as the country emerges from the ''lost decade''

  • Japan exercises US-style control

    Katsumasa Suzuki of Mori Hamada & Matsumoto assesses new requirements for internal controls over financial reporting in Japan and their impact on foreign issuers

  • Pay careful attention

    The strata of Japan's new financial instruments law can be complex, warns Tetsuya Itoh of Anderson Mori & Tomotsune

  • Korea


  • Strength in unity

    Korea aims to strengthen competition in the capital markets by consolidating its various financial services laws into one new Act. By Young-Man Huh, Seong-Koo Cheong and Pil-Kook Lee of Kim & Chang

  • A myriad of opportunities

    Wonkyu Han and Je Won Lee of Lee & Ko outline the ways that funds have been enabled to invest in alternative assets in Korea, from ships to carbon credits

  • Latin America

    Latin America

  • The Latin approach

    How corporate governance reform is accelerating in Argentina, Mexico and Chile. By Antonia Stolper, partner of Shearman & Sterling LLP

  • Mexico


  • How to get security

    Despite the idiosyncrasies of its civil law system, there are many routes for a lender to gain security in Mexico, says Juan Carlos Machorro of Santamarina y Steta

  • Facts are meaningless

    Mexico's residential mortgage-backed securities market will not be materially affected by the subprime mortgage crisis in the US, says Alfonso Castro Díaz of Santamarina y Steta

  • The Netherlands

    The Netherlands

  • Dutch trends

    By Johan Kleyn, Jan Louis Burggraaf and Gerard van Solinge of Allen & Overy

  • Regaining its edge

    Nathalie van Woerkom and Carlos Pita Cao of AKD Prinsen Van Wijmen outline Dutch efforts to be more fund-friendly

  • Portugal: Structured Finance

    Portugal: Structured Finance

  • The impact of Basel II

    Pedro Cassiano Santos, Benedita Lima Aires and Tiago Correia Moreira of Vieira de Almeida assess how the new capital adequacy directive will affect structured finance

  • Romania: Private equity

    Romania: Private equity

  • A market finding its feet

    Adrian Bulboaca of Bulboaca & Asociatii explains how private equity transactions could take off in Romania

  • Switzerland


  • Uniquely placed

    Mark-Oliver Baumgarten and Désirée Wiesendanger of Staiger Schwald & Partner explain how Switzerland's unique regulation affects banks, investors and transactions

  • Good times ahead?

    Hans-Peter Schwald, Marc Metzger and Martin Bürkle of Staiger Schwald & Partner dicuss the highlights of a good year in Swiss M&A, and analyse the potential for the future

  • A new age

    Mark-Oliver Baumgarten, Thomas Schmid and Gabi Boo of Staiger Schwald & Partner explain how new exchanges have spurred structured products in Switzerland

  • Turkey


  • Accessing Turkey

    Fethi Pekin of Pekin & Pekin explains the rules for the public offer and sale of foreign capital market instruments

  • Memo on housing finance

    Pekin & Pekin explains a new law amending the housing finance system in Turkey

  • The end of volatility is nigh

    Mete Yegin of Pekin & Pekin explains why project finance has continued unabated in the face of political upheaval

  • United States

    United States

  • A guide through the web

    Knowing exactly what to do and when to issue into the US capital markets is not easy. In the following three chapters, Morrison & Foerster provide some helpful hints

  • The danger of blogging

    The SEC needs to be careful in its encouragement of using the internet to disseminate material information. By Anna T Pinedo and James R Tanenbaum of Morrison & Foerster LLP

  • When a primary is not a primary

    Large volumes of Pipe securities now cannot be easily sold on. By Anna T Pinedo and James R Tanenbaum of Morrison & Foerster

  • The art of dribbling

    Research issues for banks organizing equity distribution programmes. By Anna T Pinedo and James R Tanenbaum of Morrison & Foerster

  • Creative methods

    Why a project's viability may ride upon the structure of commodity swap agreements. By Troy Alexander and Steven K Ross of White & Case LLP