REGULATORY CAPITAL: A DEFINITIVE GUIDE TO THE LATEST DEVELOPMENTS IFLR’s coverage of regulatory changes to US, EU and Asia-Pacific bank capital structures features in-depth analysis and expert opinion on the global implementation of Basel III, as well as the latest structural innovations across the capital spectrum
Celsa cramdown to revolutionise Spanish restructures An unexpected court ruling makes Spain’s new cramdown proceedings more accessible to the country’s growing number of distressed companies, and will spur more constructive restructuring negotiations
Delaware guidance on Chinese take-privates For special committees and advisors undertaking going-private transactions, much can be learnt from recent Delaware court rulings. Here’s the latest best practice
Mexico energy reforms: options dissected The Mexican government has started the long and uncertain process of permitting foreign investment in its state-run oil sector. Despite significant public pushback, local lawyers believe change is inevitable
Indemnities in Aussie bank engagement letters analysed Recent indemnities in Australian banks’ engagement letters have been a cause of concern. But most market participants agree that fears abroad may be overblown
Asia bank capital series: Philippines’ Basel III implementation explained The Philippines is requiring all banks to comply with its Basel III rules by January 1 2014. In the meantime, the market expects to see the issuance of securities that comply with the latest accord
Asia bank capital series: Singapore Basel III implementation explained Singapore is proving a trailblazer for Basel III implementation, with the country’s banks already looking to innovative capital raising instruments
IFLR Middle East and North Africa awards: in-house shortlists and individual winners revealed IFLR is pleased to release the in-house shortlists, as well as winners of the individual accolades, for the 2013 Middle East and North Africa awards
What to expect from Singapore IP financing Last week a speech by Singapore’s deputy prime minister revealed details about the government’s plan to establish a financing scheme that uses IP rights as collateral
Australia covered bond innovation analysed Although Australian covered bond issuances slowed this year, investors are demanding increasing innovation, as they become more comfortable with the product
BNP Paribas’s commodity loan securitisation first explained BNP Paribas has used a master trust structure to complete the first securitisation backed by commodity trade loans
How master trusts will boost Aussie securitisation Issuers and investors have been awaiting the introduction of master trust structures into the Australian securitisation market. But the diversity of master trust structures might prove an issue
Fitch Ratings: how to bolster Chinese securitisation Despite China’s efforts to encourage the growth of a domestic securitisation market, its development has been hindered by a lack of legal certainty in one prevalent programme
HKEx chief regulatory officer confirmed as Asia Capital Markets Forum keynote David Graham, chief regulatory officer and head of listings at Hong Kong Exchanges and Clearing, is to provide the keynote address at the IFLR Asia Capital Markets Forum
Revealed: IFLR's inaugural transactional risk map It features all you need to know about global extraterritorial regulatory risk, and is based on responses from IFLR’s inaugural Extraterritorial Regulation Survey
Accessing the US capital markets: a guide for foreign issuers IFLR has partnered with Latham & Watkins to publish this free-to-download book designed to assist foreign issuers navigate the regulatory landscape when offering securities in the US
RBI circular jeopardises indebted IndiaCos The Reserve Bank of India’s recent circular on Overseas Direct Investment has been criticised by for jeopardising deals in progress. The bigger problem, however, is that it clouds the future of foreign debt refinancings and restructurings
First Asian restructure under UK SOA explained Vinashin has become the first Asian company to restructure through a UK scheme of arrangement. Here's how the region's other distressed debtors can restructure in UK courts
How fundraising models will bifurcate PE market Growing demands for customised arrangements and LPs' growing leverage are driving fundamental shifts in US and European private equity firms’ fundraising models
Turkey’s first infrastructure bond explained Turkey’s first infrastructure bond has opened another financing avenue for the country’s high performing projects
Asia bank capital series: Korea Basel III implementation explained Basel III has been delayed in Korea, giving banks more time to prepare. But fears are growing that the rules will rein in growth
Aussie sale and leaseback first unlocks real estate value Wesfarmers and Bunnings’ innovative sale-and-leaseback transaction was the first of its kind in Australia
Asia bank capital series: Japan’s Basel III framework explained While Japan’s Basel III capital adequacy framework is largely compliant with global guidelines, its government could remain dedicated to providing support to troubled and systemically important domestic banks
Update: The path forward for EU-US derivatives regulation With registration deadline for platforms meeting the SEF definition is now just a matter of weeks away. This article updates an earlier article on cross-border swaps regulation for would-be SEF registrants
Verizon’s landmark bond and buyout explained Verizon Communications' $49 billion bond issuance was the largest corporate bond sale in history. Here's how it could influence future corporate bond offerings from other well-established companies
Market poll: the best way to regulate Bitcoin The proliferation of the cryptocurrency is financial authorities’ next test
Inside China: lessons from corporate scandals An analysis of recent corporate scandals reveals the solution to China’s agency problem
Querying the ‘best practice’ argument in negotiations The market practice argument inevitably crops up in any M&A negotiation. But is it actually a useful standard?
Inconsistencies in EU financial collateral rules A selective analysis of English and Luxembourg laws governing financial collateral arrangements shows how the quest for EU-wide common regime has fallen short
Financial services under a TTIP Financial services firms have much to gain from investment protections being discussed in the EU-US free trade negotiations
Colombia’s insolvency revolution Felipe Cuberos of Prietocarrizosa analyses the development of bankruptcy and restructuring laws in Colombia
Mexico energy reforms assessed Mexico’s state-run power sector is set to liberalise. The proposed reforms give an early indication of how private entities will be able to participate
Asian securities regulators’ new enforcement trends The region’s market watchdogs are beefing up their surveillance and enforcement activities. Here are the latest statistics and strategies
Shariah banks’ regulatory disadvantage in the EU The lack of EU recognition of Islamic banks has contributed led to their lack of profitability. Here’s why
Five burning PE questions The regulatory heads of Europe and the US’s private equity associations go head-to-head on the most pressing topics facing the industry today
The challenge of HK pre-IPO investments Jack Lange of Paul Weiss Rifkind Wharton & Garrison assesses the effectiveness of recent guidance letters issued by the stock exchange on pre-IPO investments
Opportunities in Mexico PE Julián J Garza and Héctor Arangua of Nader Hayaux & Goebel explore the new possibilities presented by Mexico’s evolving private equity industry
Fund growth in Korea Bo Yong Ahn and Sung-Soo Choi of Kim & Chang explain the rapid growth of private equity funds in South Korea in recent years
Swiss PE: gaining momentum Christoph Neeracher, Raoul Stocker and Charles Gschwind of Bär & Karrer assess the impact of recent legal and market developments in Switzerland, and future prospects
Changing the rules of Turkish PE Despite doubts over how progressive the new Turkish Commercial Code will be, Duygu Turgut and Orçun Solak of Esin Attorney Partnership suggest it is still a step forward for the reemerging economy
