Search results for

SEC rule changes have made it easier for banks to set up ADR facilities without the issuer's knowledge. And there's no easy way for companies to opt out

Kevin Muzilla Allen & Overy has gained a new partner in its London office. Kevin Muzilla (right) joins the firm's corporate finance practice from Milbank Tweed Hadley & McCloy. Muzilla is a specialist in US high-yield debt so Allen & Overy will hope to use his expertise on some of the new European issuances.

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.

On November 11 1999, the Tokyo Stock Exchange (TSE) established a new market named Mothers for high-growth and emerging stocks. Over the course of its 10-year existence, a total of 250 emerging companies listed on Mothers. Because of market and economic changes since its establishment, the TSE has recently announced plans to refocus the objective of Mothers.

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

The Securities and Futures Commission's defence of its investigation techniques. And the market's response to that defence

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

This year, the Turkish prime minister's favourite saying has been that the global economic crisis would touch Turkey "only tangentially". Arguably, he is right. The root cause of the financial meltdown was the collapse of the sub-prime mortgage bond market, and this was not the preferred type of security for many Turkish investors. Now, after waiting for the securities markets to settle, the Capital Markets Board (CMB) of Turkey has introduced the Communiqué on the Principles of Asset Covered Securities (Serial: III, No: 38), enabling issuers of securities to diversify financing opportunities.

Mexico's federal Congress recently passed a bill to amend the two main pieces of legislation that regulate federal government procurement, the Law for Government Acquisitions, Leases and Services (Ley de Adquisiciones, Arrendamientos y Servicios del Sector Público) and the Public Works and Related Services Law (Ley de Obras Públicas y Servicios Relacionados con las Mismas).

As the global economic crisis affects Albania and more borrowers default on loans, lenders are becoming increasingly concerned with the provisions of Albanian law on the preferential rights of creditors in enforcement procedures.