Magazine
May 2003

Magazine Archive

Hungary
Taiyo IPO broadens fundraising options for Japanese life insurers
In brief
Cutting edge - close up: ABN Amro opens Chinese funds industry

The first acquisition of a Chinese fund management company by a foreign investor could pave the way for greater market access and wider industry reform. May Qian and Leigh Schulz of Linklaters, reveal how the deal was done
SEC to look at corporate democracy
McDonough to head new US accountancy regulator
Warm response to Europe's capital adequacy proposals
New FSA chairman named
OECD targets areas for Asian corporate governance reform
FASB rules will hobble structured finance, says market survey
Court ruling clarifies limits to takeover tie-ups
NASD charges NYSE board member’s firm over share trades
Canadian regulators plot merger
Shell makes lateral hire for new general counsel
Freshfields, Camerons and Ashursts close London Underground project
Steel mill financing shows new way for dual currency deals in China
Synthetic structures bring capital relief to Japanese mega-banks
Uruguay deal offers sovereign debt solution

Ben Maiden reports from New York on how Uruguay's proposed bond exchange is helping to rewrite the rules on sovereign debt restructuring
Italy
Switzerland
Turkey
China
Hong Kong
India
Japan
South Korea
New Zealand
Saudi Arabia
British Virgin Islands
Canada
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
Pakistan's first future-flow deal overcomes legal hurdles
First Czech PPP deal collapses
Oil company gives Shearman a South African boost

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