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  • A first-of-its-kind merger of Russia’s two biggest exchanges will set a new market standard for protecting the rights of minority shareholders
  • Despite their resilience, CLOs have been swept up in the conservatism of post-crisis structuring. But perhaps not for long
  • Settlement in Del Monte’s closely-watched shareholder litigation does not mark the end of stapled finance or winning bidder finance, but US counsel predict market expectation to shift away from banks working both sides of deals
  • China’s lawyers have called for the country’s regulators to liberalise its shadow banking system
  • Ian Mann Simon Hudd In July 2011, in a case called HRH Prince Faisal v PIA Investments BVIHC, the British Virgin Islands' High Court considered whether parties could contract out of the BVI statutory mechanism for the appraisal of shares following a forced redemption by the majority (often referred to as the squeeze out of minority shareholders).
  • Parties involved in multinational deals must adjust to a multipolar world of international merger control
  • IFLR's annual Middle East awards ceremony has taken place. Read on to find out the night's winners
  • We knew it was coming. Section 619 of the Dodd-Frank Act called for a prohibition on proprietary trading by certain banking entities and limits investments in or sponsorships of private equity or hedge funds. A leaked version of the draft rule had been released several weeks ago. But even having that leaked version out did little to soften the blow for market participants who have reacted sharply as the proposed regulations were approved for release by the banking agencies and the SEC.
  • Mizuki Kasai The act on the partial amendment of the Law on Special Measures for Industrial Revitalization and Innovation which aims, among other things, to promote prompt and flexible reorganisation by companies pursuing enhancement of international competitiveness, was promulgated on May 25 2011 and became effective on July 1. The amendment includes new special measures concerning exchange tender offers in which shares of tender offerors are paid in exchange for offered shares of target companies.
  • Continuing with an examination of insolvency regulations in Poland, one could ask a tricky question: it is obvious that an entity will be deemed insolvent if it fails to satisfy (discharge) its due and payable obligations, but could an entity that does perform its obligations duly and in a timely manner be deemed insolvent as well? Surprisingly, insofar as corporations are concerned, the answer to the question is 'yes' and this is because of a concept commonly know under the name of technical insolvency.