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A US bankruptcy court has required a counterparty to Lehman to continue to make payments to it. Will UK courts take the same approach?

UK companies may have a new choice in listing, but is there a danger the regulators have watered down standards to attract new listings?

The Reits structure limits oversight In a move that the Philippines hopes will encourage real estate investment, the country is set to enact a new law allowing Reits to be set up. But their success could be scuppered by an unusual structure that limits oversight.

How similar are new listings, really? In-house counsel at Europe’s investment banks are complaining that equity advisers are being needlessly difficult on IPO negotiations – potentially scuppering deals.

Counsel are begging for clarity on Indonesia's new language requirements for deal documentation

The most innovative, cross-border transactions and law firms in the Middle East last year

The new Hong Kong rules are very flexible In a deal that could provide the structure for more US-based companies to list in Hong Kong, Wynn Resorts has successfully completed an initial public offering for its subsidiary Wynn Macau thanks to flexible disclosure requirements.

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.

Proposed changes to the Prospectus Directive are unexpected, unclear and potentially counterproductive. But left unchecked they could be in place by Christmas

Allen & Overy has advised the National Bank of Greece on the first Greek covered bond to be offered publically to investors. The €1.5 billion, seven-year bonds are listed on the Luxembourg Stock Exchange, and were priced at 90 basis points over mid-swaps by joint bookrunners Deutsche Bank and UniCredit. Clifford Chance was read-and-review counsel to the arrangers and trustee, and Ashurst advised the swap counterparty.