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The President of the German Private Equity and Venture Capital Association (BVK) launched a stinging attack on the draft alternative investment directive at the IBA International Financial Law Conference in Rome last week.

The 2009 Nafmii Master Agreement is a synthesis of the best international standards, with Chinese adaptations

How Tarp and the SEC's moves on proxy access will change shareholder rights

Pursuant to Article 179 of the Turkish Execution and Bankruptcy Code (TEBC), an insolvent debtor is entitled to apply to the commercial court and suggest a proposal for restructuring its debts and strengthening its financial status. This is referred to as "stay of bankruptcy" under the relevant article. Under the TEBC, a corporation whose assets are not sufficient to cover its debts may apply to the relevant court on its own initiative; or any of the creditors may request this from the competent court with a restructuring project prepared for that insolvent debtor.

The UK budget is encouraging funds onshore. But income tax and the hedge funds directive are pushing managers offshore

The Federal Deposit Insurance Corporation may have to put the final Legacy Loans Programme on the shelf in response to banks’ requests to buy toxic assets as well as selling them

DJ Baker and Rosalie Gray are joining Latham & Watkins from Skadden Arps Slate Meagher & Flom.

Freshfields Bruckhaus Deringer is advising German car parts manufacturer Honsel on its restructuring. Slaughter and May, Gleiss Lutz and Linklaters have been counselling RHJ International, which is investing €50 million ($69.4 million) into Honsel in return for a 51% stake. Honsel's senior term lenders will hold the remaining 49%, following a debt-for-equity swap on which it was advised by Latham & Watkins in London and Hamburg. Sullivan & Cromwell is acting for the mezzanine, payment-in-kind and security agents. Orrick Herrington & Sutcliffe is advising the Senior Agent.

It is essential that partners know all the options available to them for rights issues. At 11am on Wednesday June 3, IFLR is hosting a web seminar on the options and examples to choose from

Private equity houses object to the scope of the AIFM directive, while some politicians want it to go further