Search results for

Article 76 of Royal Decree 267 of March 16 1942, as subsequently amended and supplemented (the Bankruptcy Law), provides that stock exchange contracts expiring after the declaration of bankruptcy of one of the contracting parties are terminated on the date of declaration of bankruptcy.

The Brazilian Securities Commission (CVM) has submitted to public hearing a draft amendment to the regulation on public offerings, namely, CVM Rule 400, dated December 29 2003, as amended. The proposed Rule 400 will harmonise the regulation of public offerings with the regulation recently enacted addressing public offerings of securities distributed with limited underwriting efforts, namely, CVM Rule 476, dated January 16 2009. Moreover, the proposed new Rule 400 is already in line with the proposed new regulation on the registration of listed companies, which will (i) enter into force in 2010 and (ii) adopt a shelf-registration system and the automatic registration of public offerings of "well-known seasoned issuers".

Directive 2007/36/EC on the exercise of certain rights of shareholders in listed companies must be implemented in Europe by August 3 2009. The Austrian Stock Corporation Amendment Act 2009 (ARÄG 2009) is scheduled to enter into force on August 1. It contains significant changes to the Stock Corporation Act (the AktG). This article summarises the core provisions.

Debate over the collapsed minibonds in Hong Kong has focused on regulatory architecture and more regulation. An accountability review of regulators' performance is also needed

This is distressed M&A today: more Mac clauses, completion accounts and warranties. No longer timetables though

Private investment in public equity is popular in the US and Asia, but not in Europe. The reasons often given for this do not hold up. It’s largely a question of culture

Adam Meshel is juggling golf, rest and taking on the investment banking group

There haven't really been liquidations in the GCC before. Understand this and you’re half way to grasping how restructurings will work after the real estate boom

An unexpected law change on public takeovers has affected new deals. There are a few ways to address the impact though

China has frozen domestic IPOs to try and protect shares In a move that could pull down standards at the Shanghai and Shenzhen stock exchanges, the government has indicated that a new growth market could soon be introduced at Shenzhen.