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Convertible bond investors will simply leave the US if a circuit-breaker rule makes short selling harder. Just when companies need that funding most

The $27 billion GM exchange offer was the first retail offer approved by the UKLA and persuaded Italy to reform its onerous bond restructuring rules

Reverse break fees in US M&A transactions are likely to triple in the near future. But the trend is unlikely to spread to Europe

Greenshoes can create large profits for underwriters if stabilisation purchases are successful. But no one knows at what point it becomes market abuse

Infrastructure and project finance partner George Miller is joining Mayer Brown from Simpson Thacher & Bartlett.

Low Kah Keong of WongPartnership describes the benefits of domiciling in Singapore

New fund regulations and structures in Cayman, Guernsey and Jersey have changed the legal landscape for offshore funds. Darren Bacon, Matthew Feargrieve and Ben Robins of Mourant du Feu & Jeune take a closer look at the changes

The sukuk market in Kuwait has now started to explore convertible and exchangeable structures, say Hossam Abdullah and Riza Ismail of Al-Sarraf & Al-Ruwayeh

A year ago, Senators Ron Wyden (Democrat, Oregon) and Charles Grassley (Republican, Iowa) released a discussion draft of a bill that would eliminate the favourable tax treatment of direct and certain derivative investments in oil, natural gas or any primary product of oil or natural gas (such as diesel and gasoline), and solicited public comments. On August 6 2009, senator Wyden introduced the Stop Tax-breaks for Oil Profiteering Act (the Stop Act) in the Senate and proposed legislation based on the discussion draft released in 2008. The Stop Act is intended to temporarily curb excessive speculative trading in the oil and gas futures markets and thereby temper the rise in the price of oil. If enacted into law, the legislation would apply to transactions entered into during a period of a little more than four years. The Stop Act has been referred to the Senate Finance Committee. It is impossible to predict its progress in the legislative process and whether and in what form it may be enacted into law.

The expanding volume of global trade is having a profound impact on world shipping, especially container shipment traffic. This is naturally giving rise to a need for ports with well-run facilities, infrastructure and superstructure, which in turn require high investment. Turkey – a country whose coasts are long and available for port construction, whose location makes it geopolitically important, and 91.4% of whose international trade transportation is conducted by sea – is attractive to investors interested in the port construction and operation sectors.