Local authorities have completed the first registration of a secured interest on Myanmar assets for a foreign loan. It could facilitate lending in the jurisdiction
India’s capital markets have returned following the election of Narendra Modi last month. Domestic IPOs are expected – perhaps at the cost of foreign listings
Prime Minister Modi's budget announcement wasn’t as bold as expected. But market participants hope the changes were enough new foreign investors’ interest in India
India’s equity markets are taking off, with heavily indebted corporates completing equity placements to deleverage. But market participants are concerned about risk factors in their offering documents
Myanmar’s recently released competition bill broadly follows global standards, but counsel are awaiting implementing regulations to assess the country’s merger review regime
Banks’ use of the template is not as guaranteed The Asia Securities Industry and Financial Markets Association (Asifma) is drafting an umbrella agreement to supplement Hong Kong's comfort letter standard. It is expected to speed up negotiations between underwriters and auditors. The Hong Kong Standard on Investment Circular Reporting Engagements 400 (HKSIR 400), which was revised in December 2012, sets out the form and substance for comfort letters and bring-down letters. Since HKSIR 400's revision, Asifma has been having discussions with its members regarding an umbrella agreement to supplement the HKSIR 400 form for debt capital markets deals.
