HK consultations to improve listed company disclosure To increase the flow of information from listed companies, Hong Kong is consulting on giving statutory backing to the disclosure of price-sensitive information
China’s first cartel case endorses tiered penalties China has concluded its first investigation into price fixing since the Anti-Monopoly Law came into effect. The decision sets out the authority’s approach to leniency
SEC issues stricter securitisation rules The SEC has voted to toughen up the regulation of securitisation in the US
Coeur Défense judgment boosts creditor confidence A decision to cancel sauvegarde proceedings awarded to a Lehman Brothers SPV is a creditor-friendly move that will renew confidence in French securitisation
US Foreign-cubed securities debate explained The Supreme Court is considering whether foreign purchasers of securities in foreign companies on foreign exchanges can bring actions in the US
Life Insurance IPO develops Korean underwriting How Korea Life Insurance’s $1.6 billion IPO streamlined the underwriting agreements of previous Korean insurance listings
Securitisation overhaul criticised The proposed overhaul of Regulation AB is attracting criticism for its introduction of the skin-in-game requirement
Impact of Horizon and Helikos The latter deal shows that Spacs can succeed if investors are sufficiently educated. The former demonstrates how cash shells will develop
What HK can learn from Yell restructuring Hong Kong should look to the UK for restructuring precedents. Similar documents and schemes of arrangements mean structures, like Yell's, could apply
How Hammons changed M&A law The impact of the Delaware decision could be far reaching and around for a long time
First rights issue from China into US China Merchants Bank has become the first Chinese company to do a rights issue to US investors. Its lawyers explain how
Australia: Basel should stick to principles The Basel Committee should formulate broad principles on quality of capital, and not adopt a prescriptive approach, say Australian lawyers
Basel consultation fears revealed The consultation period for the Basel Committee’s liquidity and risk proposals closes today. The banks want to delay implementation
SEC charges Goldman with CDO fraud The US SEC has launched a securities fraud action against the bank in the US District Court for the Southern District of New York
Former SEC lawyer reacts to Goldman CDO The US SEC will be confident of success and Goldman Sachs will not settle in the Abacus 2007-AC1 matter
Goldman Sachs issues further response Goldman Sachs has issued a further response to the US SEC's civil action regarding Abacus 2007 AC1
Basel will push Japan tier one innovation The Basel Committee’s proposals to exclude certain instruments from tier one capital will force Japanese banks to embrace new structures
HKEx: listing rules will match legislation IFLR reveals the Hong Kong Stock Exchange's plans to align listing rules with legislation on disclosing price-sensitive information
Abacus: banks fear conflicts of interest The SEC investigation into Goldman Sachs’ Abacus CDO shows that investment bank practices have become too interrelated
Why Goldman complainants should wait German bank IKB has already consulted lawyers on launching a damages claim against Goldmans. But litigation partners recommend waiting for the SEC to prove misconduct instead
Tips on UK Bribery Act in China The new UK Bribery Act comes into force soon, and will apply to companies in China. Here’s what to do
India awards winners announced Amarchand Mangaldas was the most successful firm at the IFLR/Asialaw India awards last night, winning the Indian law firm of the year
Takeover changes streamline HK process Hong Kong’s regulator will give up oversight of some routine takeover announcements in a move to make the Takeovers Code more efficient
Why SEC not Goldman must reform The investigation of Goldman Sachs highlights the need for reform - of the regulators themselves
Who should be responsible? Opinion amongst lawyers is divided on how far law firms and accountants should go when looking beyond standard legal opinions
Break them up Goldman Sachs’s Abacus transaction has revealed how origination practices at investment banks have become dangerously interconnected. In-house tried to stop it, but now they might be left to deal with the consequences
Regulators must cooperate Hong Kong wants statutory backing for the disclosure of price-sensitive information. But the exchange and SFC must work together
A new vehicle France’s first domestic securitisation company will help encourage the sector’s recovery, and has some interesting insolvency provisions
Reinforcing security How the decision to repeal the safeguard procedure for a Lehman Brothers securitisation vehicle will support security arrangements for French structured finance
Don’t strangle recovery The SEC’s proposed overhaul of Regulation AB is attracting criticism for its introduction of skin-in-the-game and the increase of disclosure required for private placements
Hong Kong’s new bridge New bridging arrangements have opened up Hong Kong’s securities markets further. Here’s how they worked on Fortune Reit’s listing
New rules for demutualisation The Tokyo Stock Exchange has amended its rules to allow simultaneous demutualisation and listing – a boost for life insurers
We gave you a chance Indonesia’s voluntary pre-merger regime failed and notification is now mandatory. But the new rules could be counter-productive
