A unique, successful, private restructuring The way market participants restructured Canada's third-party asset-backed commercial paper is a model for restructurings elsewhere in the world
More fines, bigger fines This year will see more enforcement from the US, more fines and more individuals targeted
The dangers of sleeves Broker-dealers should redraft standard documentation when dealing with sub-accounts of investment funds
The UK impact Although most changes are minor, the Acquisitions Directive is very important. It establishes a transparent process for assessing a takeover across the entire EU
A fourth exit option The Shanghai Takeover Notice is far more important than it first appears. It benefits foreign investors and could even give them another exit option from China
Copy this restructuring Companies should learn from each other's liability management successes and failures, and act as soon as possible
China and India have control Liability management in China is being restricted by offshore rules. In India, it's the exchange rate. Both may be forced to change
Don't throw cash away US companies should consider how debt buybacks are seen by creditors. Don't just jump on a discount
Watch out for insider dealing Bond buybacks have a number of pitfalls for Asian companies. And distressed M&A can be even more complicated
Robert Khuzami joins SEC; Jonathan Cohn leaves DOJ for Sidley Austin; Ashurst hires ten from McKee Nelson
Citigroup forced into recap; Wolseley launches large rights issue in UK; Freshfields helps on UAE satellite project
Bring back the up-tick rule? Lawyers think the SEC should bring back the up-tick rule to prevent manipulative short selling in the US; today's market is very different to 2004
Communication with the regulator broke down Richard Williams, departing head of listing at Hong Kong Exchanges and Clearing, explains policy on the blackout period, quarterly reporting and working with the regulator
Spot the connections Citi's head of legal in banking and capital markets uses a particular method to deal with the complexity of client relationships
Don't be so stubborn The ABI's protection of pre-emption rights and dislike of cash boxes is not providing the flexibility companies need
Weapons of less destruction Initiatives on credit default swaps will create greater certainty, more consistent pricing and move a little closer to central clearing
Don't repeat UBS's mistake The world is gearing up for international securitized debt litigation. Make sure you check the jurisdiction clauses, contract by contract
Restructuring: how it will work Banks and lawyers at the M&A Forum swapped stories on how local law is influencing restructurings. And debated free secondments
Valuable US/UK cooperation UK has granted a rare freezing injunction in favour of the SEC, setting a useful precedent
The next wave should be shares The next wave of recapitalisations will be preferred shares rather than subordinated notes, to increase core capital
Tips on dealing with concessions It is hard to know whether economic downturn will increase or decrease the power of host states over oil and gas. Either way you need to plan how to deal with them
The alternative awards Firms deserve awards for things other than legal innovation. Here IFLR rewards the firms, communications teams and individuals that made everything a little more pleasant
