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  • Transitional services agreements are playing an increasingly important role in private M&A transactions. Buyers want more detailed terms at an earlier stage in negotiations
  • The revised UK Bribery Act has forced buyers to refocus on thorough due diligence of prospective targets. And a new corporate offence means private equity owners should take particular care
  • Covered bonds have emerged as a clear favourite among supervisors. But they could be riskier than the securitisations they’re meant to substitute.
  • Merger clearance decisions tainted by ‘confirmation bias’ and losing the input of competition specialists are lawyers’ main fears following the proposed introduction of a single UK competition authority
  • The SEC and CFTC are holding a joint roundtable today that could help define how the credit default swaps market is regulated
  • A short-dated loan pool and originator risk retention enabled UniCredit to place the first German small-and-medium sized enterprise (SME) backed securitisation since the financial crisis. But lauding the return of the country’s SME-backed market might be premature
  • Asia’s hedge fund industry will continue to lobby even though the draft agreement of the EU’s AIFM directive has been accepted
  • The CSRC's plans to examine the Bank of China and China Construction Bank's rights issues could be a move to appease jittery investors
  • The Romanian government has introduced a new PPP law, but lawyers are puzzled as to its purpose
  • Dodd-Frank is a “complex, misunderstood behemoth,” that leaves too much up to regulators and lobbyists, according to former SEC chairman, Arthur Levitt.