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The rise of Shanghai could cause a decline in the number of Chinese companies listing on Singapore's exchange. But options to attract companies are limited

Capital markets lawyers debate solutions to the problem of fraudulent Chinese offering documents

Freshfields Bruckhaus Deringer has advised FN Cable Holdings, a company held by funds managed and advised by leading private equity firm Warburg Pincus, on the disposal of Eurocom, a Bulgarian cable TV operator, to Bultel Cable Bulgaria. Clifford Chance assisted the purchaser, which is held by funds managed and advised by private equity firm EQT, while Allen & Overy advised the lenders to FN Cable Holdings. White & Case represented the lenders to Bultel.

Granting financing to prominent borrowers has long been a common practice across the Middle East. But with the region’s banks looking more carefully at their risk profile, name lending could be on the way out

As the industry drafts responses to the Securities and Futures Commission’s (SFC) September consultation on structured products, the regulator has come out with new changes which require statutory amendments

In an attempt to boost the Romanian economy and to ensure that small and medium-sized enterprises (SMEs) as well as large companies experiencing financial difficulties may have access to finance for investment and working capital, the Romanian Government acting through the Inter-ministerial Committee of Financing, Guarantees and Insurance (ICFGI) has passed a set of norms regulating the terms and conditions establishing a state aid scheme.

Recently the Indonesian Capital Market and Financial Institution Supervisory Board (Bapepam-LK) updated some of its regulations to boost the financial and capital markets on (i) syariah securities issuance, and (ii) public offering of securities.

The new Equity Guidelines of the Malaysian Securities Commission (SC) came into effect on August 3 2009. As a result, the SC's prior approval under section 212 of the Capital Markets and Services Act 2007 will no longer be required for many corporate proposals, save for certain substantive corporate proposals in the main market of Bursa Malaysia Securities Berhad (the Malaysian stock exchange). One area that still requires prior approval is acquisitions resulting in a significant change in business direction or policy of a listed corporation (reverse take-overs (RTO) and back-door listings).

The number of new company registrations in Cyprus is beginning to recover, having fallen by 42% from 2008 levels earlier in the year. There were 1454 company registrations in September 2009. Although this is 27% lower than the corresponding figure in 2008, it is the lowest decline so far this year compared with 2008 and is the second highest monthly figure in 2009. Announcing the figures, the Registrar of Companies also reported that backlogs in the Companies Registration Department had been eliminated, and that the turnaround time for new company incorporations is in line with targets.

Market-driven reform of derivatives has been impressive. But the most controversial instruments have yet to be dealt with. A solution must be found, fast