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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

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.

After years of lobbying the Hong Kong government has launched a consultation paper on enacting a corporate rescue regime

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

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

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

Targets are pushing for specific performance and banks won't take on the risk, leaving private equity in the middle

The National Council of Portuguese Financial Supervisors (NCFS), comprising the Bank of Portugal (BP), the Portuguese Securities Market Commission (CMVM) and the Portuguese Insurance Institute (ISP), has been focused on better regulation measures aimed at improving transparency and control over qualifying holdings within the Portuguese financial sector.

Where security is being held by a security trustee for the benefit of a group of financiers, a natural sentiment of these financiers is to want to be sure that the proceeds of the security will come their way in an enforcement scenario. The very term security trustee inspires trust that this will be the case. Recent developments, such as the collapses of Lehman Brothers and Landsbanki, have led financiers to look more closely at financing and security arrangements using an agent or trustee, and the risk financiers may run if these parties are no longer capable of performing their obligations. Can the rights of financiers be affected if a security trustee is declared bankrupt? And if so, to what extent?