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  • Mezzanine lenders have won some key concessions in the revised LMA standard form intercreditor agreement. But they might never appear
  • Companies are often like a frog in a well: a narrow perspective of the FCPA means they lose sight of local law and hide behind local practices
  • The treatment of secondary trading of transferred loans is different in England and New York in some surprising ways
  • Korea announced a bill that would allow companies to use poison pills against hostile bidders, but observers believe that such a move is unnecessary as companies are already well protected
  • Counsel in Hong Kong and China are concerned that the quality of disclosure on some Chinese company offering documents is being sacrificed in a bid to catch the latest stock market rally
  • Granting financing to prominent borrowers based on family name or reputation has long been a common practice across the Middle East. But with liquidity stretched and the region's banks looking more carefully at their risk profile, name lending could be on the way out
  • As Thai police issue summonses to three KPMG partners responsible for liquidating Lehman Brothers, attention has turned to Lehman's joint venture agreement with the complainant, Destination Properties
  • The latest asset sale by Canadian telecoms company Nortel has proved that strong consortium bids are vital to the success of distressed M&A deals
  • The sheer volume of active BVI Business Companies (over 400,000) is testament to the fact that no other offshore jurisdiction offers a comparable corporate vehicle. The combined number of active Cayman and Bermudan companies, for example, is approximately 100,000. Companies that have been incorporated in other offshore jurisdictions may continue or migrate to the BVI. It's worth highlighting some popular reasons for doing so, correcting some common misconceptions and summarising the statutory process.
  • The compliance leader, Asean of GE Capital gives his thoughts on creating effective internal compliance