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  • A set of model investment-grade bond covenants proposed today by a consortium of industry bodies has been met with scepticism
  • Abolishing the FSA in favour of the Bank of England will lead to regulatory confusion, and could affect the UK’s influence in Europe-wide initiatives
  • Opinion is divided over the FSA’s abolition. Here are some of the initial reactions from Europe’s leading lawyers
  • Private equity houses are supporting the Volcker Rule because they believe it will make it easier for them to win auctions and invest
  • Bashir Ahmed and Aly Shah of Afridi & Angell discuss the UAE’s shariah compliant regime
  • How the Kumho Asiana Group is restructuring by Eunjai Lee and Yong-Jae Chang of Lee & Ko
  • Mihály Barcza and József Bulcsú Fenyvesi of Oppenheim discuss directors’ duties for identifying threatening insolvency
  • CMS Russia lawyers David Cranfield, Sergei Yuryev, Grant Williams and Jarek Olszowka’s overview of developments in the Russian legislative regime
  • Rod Cork and Mark Santoni of Allen & Overy discuss recent trends in the treatment of struggling leveraged buyouts
  • Joe Bannister and Margaret Kemp of Hogan Lovells International investigate the anti-deprivation principle and related case law