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  • Ian Fitzgerald The Loan Market Association elected Ian Fitzgerald of Lloyds Banking Group as its new chairman at its annual general meeting. At the same meeting, the board increased the number of vice chairmen it has to four. Richard Basham of Citi, David Fewtrell of HSBC, Nick Jansa of Deutsche Bank and Richard Munn of Oak Hill Advisors Europe were subsequently elected.
  • A comparison of the corporate-rescue regimes across Asia-Pacific, and an argument that they won't shift to debtor-in-possession soon
  • Philip McBride Johnson, ex-CFTC chairman, argues that the accord he created 28 years ago should still decide how OTC derivatives are regulated
  • The UK Insolvency Service’s proposed amendments, designed to help distressed companies, are worrying banks by threatening their rights as secured creditors.
  • The regulatory pendulum is swinging, unwisely, back to the Bank In a clear sign that UK banks are preparing for a Conservative government, in-house counsel are ignoring Labour plans in favour of the Tory’s recent White Paper.
  • The details of the Directive, and how it affects Luxembourg
  • Dealer managers should seek proper legal protections in liability management, argues Tom Pauk of Citigroup
  • The restructuring of IMO Car Wash has created a precedent for mezzanine lenders that may change documentation
  • Securing rehabilitation at home can just be the first step for a Korean company in trouble. By Jin Yeong Chung and Milosz Zurkowski, Kim & Chang
  • One of the challenges in project financings in Thailand has been the absence of any legal security interest in inventories and work-in-progress, on bank accounts or moveable property that is not subject to mortgage. Thai law provides only traditional forms of security: mortgages of land and buildings, pledges, mortgages of registered machinery, vessels, aircraft and several other types of property, and sales with right of redemption.