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Kuwait's Global Investment House's restructuring plan succeeded because of due diligence, transparent creditor meetings, and new asset-based security for unsecured lenders

Despite the volume of regulation last year, 2010 will be all about deal trends. Expect covered bonds, flipper clauses and floating-rate collars. Oh, and the dreaded return of cov-lite. By Elizabeth Fournier, Rachel Evans, Nicholas Pettifer and Tom Young

French conciliation proceedings are morphing successfully into aids to distressed M&A. Here's why

The nominations for this year’s IFLR Americas awards have been announced. Here are the deal and team of the year shortlists

The European Commission's Prips proposal is a complete overhaul of retail investment

Since the outbreak of the subprime crisis in mid 2007, the world's financial markets have suffered unprecedented turmoil. Many banks, even large institutions that had previously been considered icons of stability, failed or had to be rescued or nationalised by their governments. The financial crisis has prompted regulators in the US and Europe to reexamine how much capital is enough capital for banks. Regulators generally agree that banks were too highly leveraged and that, in the future, banks should be required to have more capital. Discussion has turned to contingent capital (another form of hybrid capital) as a necessary component of capital going forward.

The economic downturn has brought many companies into at least the early stages of financial difficulties, necessitating discussions with creditors and shareholders. Many have opted to restructure the terms of their existing financing arrangements. Although a number of companies have used schemes of arrangement, contractual refinancings have remained the standard solution.

The Argentine Central Bank has relaxed the requirements for Argentine exporters to obtain an exemption from their obligation to repatriate the foreign currency proceeds of exports based on lack of payment by the importer.

PLUS: First US sukuk boosts industry; Effects on Asian sovereign debt; Timeline - how it all happened

An updated draft report on changes to the PD rules has removed the worrying liability clause