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Shut the door to over-syndication UK equity lawyers agree with investors' opposition to aggressive syndication on UK initial public offerings (IPOs).

Henry Mander The principle established in 1974 in the case of Hastings-Bass [1975] Ch 25 (CA) has in the past allowed a court to set aside an action taken by trustees who have failed to take some important factor (such as tax considerations) into account when deciding to take the action. Effectively, it has allowed trustees to undo something they have done where the effect is different from that which they intended. In March, the English Court of Appeal handed down its much anticipated decision in Pitt v Holt; Futter v Futter [2011] EWCA Civ 197, both of which concerned the Hastings-Bass principle, and this has resulted in a re-examination of the principle and its application.

Steven Maijoor, Esma’s new chairman, explains his position on investor responsibility, the regulator’s resources and its relationship with the EC

Project-focused countries are tipped to be the big winners of the Inter-American Development Bank's (IDB) new flexible financing facility (FFF) – the bank's latest step towards market-based products.

Senior lenders on one end, juniors on the other The Export-Import Bank of Korea (K-Exim), Korea Trade Insurance Corporation (K-sure) and a group of 11 international commercial bank lenders raised financing for a $2.5 billion greenfield petrochemical facility for Jurong Aromatics on Jurong Island, Singapore.

Hong Kong Institute of Certified Public Accountants (HKICPA) this month released for private consultation the latest draft amendment to its standard form of comfort letter (HKSIR 400), together with the big four accounting firms.

The sometime rarefied world of financial legal journalism shares one thing with national newspaper coverage: the summer silly season. Needless to say, summer is here in Europe, and the news is slow.

What do securitisation of esoteric assets, covenant-lite, seven-times leverage and pre-crisis finance conditionality all have in common? They've all returned quicker than people expected. Much quicker.

A long-term outlook is essential when investing into Africa, say domestic and international lawyers.

Some controversial opinions were on display at IFLR's India Outbound Forum on July 7. Here's a selection