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  • Yuki Sakamoto
  • While the microfinance sector has grown significantly in the last five years, it is now facing a crisis for a number of reasons. Microfinance institutions (MFIs) are under scrutiny due to their alleged usage of coercive methods of recovery, multiple lending, over-borrowing, ghost borrowers and high interest rates.
  • Prysmian’s acquisition of Draka is a textbook example of how to compete with rival Chinese bidders
  • The US District Court’s Tousa decision will be welcomed by lenders, but questions still remain
  • The additional risks under the new listing rules may prove unattractive for potential lead managers
  • India needs to provide more regulatory clarity if it wants foreign banks operating locally to become wholly owned subsidiaries
  • IIT’s sukuk sale could finally bring the country’s nascent market to life
  • Panda bonds are taking off in China, but structural hurdles remain
  • February saw an active market in the Americas. Cadwalader Wickersham & Taft's New York office lost finance partner Karen Gelernt to Alston & Bird, while it had been announced on January 30 that Orrick Herrington & Sutcliffe securitisation partners James Croke and Peter Manbeck would make their way across town to join the team at Chapman and Cutler.