China's foreign exchange snag Recent foreign exchange regulations inadvertently dampen foreign investment in China. Filip Moerman, Niping Wu and Bian Hao explain
Refinance register revolutionizes German true sales Louisa Gault explains how taking security in true-sale securitizations is set to improve in Germany
Equity markets take Prospectus Directive in their stride The first EU equity deals complying with the Prospectus Directive have allayed fears that the new rules would complicate share offerings. By James Rice
Cutting edge: close-up: Insurance tie-up shows way forward for M&A under new listing rules Michael Shaw explains how Britannic Group and Resolution Life merged under the UK's new prospectus and listing regime by producing a document equivalent to a prospectus
Takeovers Panel demands derivatives disclosure Michael Parshall and Jonathan Swain explain how a Takeovers Panel decision in Australia is set to force disclosure of cash-settled equity swaps in some M&A transactions
CDO litigation: a risk assessment Regulators and rating agencies are taking a close look at the collateralized debt obligation (CDO) market and its participants. Simon Hart assesses whether regulatory concerns are transitory or more deep-rooted
SEC finalizes offering reforms John White and Andrew Pitts take a first look at the SEC's revised securities offering rules and some of the comments that might have influenced the changes
NASD expands fairness opinion disclosure Jay Gould and Zeeshan Ahmedani assess the impact of the NASD's new rule on fairness opinions and warn that the issue might still need to be resolved in the courts
Prospectus Directive implementation update IFLR continues its series of reports on the implementation of the Prospectus Directive with briefings on changes to the legal environment for securities offerings in France, Malta and Portugal
Why Spectrum Plus is bad news for banks The House of Lords has reversed Siebe Gorman, the landmark case on establishing a fixed charge, meaning that there is no longer a simple way for a clearing bank to take an effective fixed charge on book debts. By Geoffrey Yeowart
