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Karl S Park and Sandi Adila of Mochtar Karuwin Komar provide an overview

Olga Khoroshylova, Tetyana Kiselyova and Roman Stepanenko of Magisters explain the system of restructuring in Ukraine and how to navigate through it

Junichi Tobimatsu of Mori Hamada & Matsumoto discusses the challenges that companies face in finding a sponsor for civil rehabilitations

Paul Varul and Helmut Pikments of Paul Varul Attorneys-at-Law provide a comprehensive overview

Robert Khuzami was named Securities and Exchange Commission Director of the Division of Enforcement by SEC Chairman Mary Schapiro.

Kirkland & Ellis represented Sea Containers in its emergence from Chapter 11 proceedings in Delaware Bankruptcy Court and the company's restructuring.

Uría Menéndez has advised a group of creditors on the restructuring of debt belonging to the Sanahuja Group, majority shareholders in Spanish real estate company Metrovacesa.

The Italian financial law dated December 22 2008 (Financial Law) provides for measures restricting the range of financial transactions that regions and local authorities may enter into. Regions and local authorities can no longer issue bonds or enter into financing transactions with bullet repayment. The maturity of each single transaction, even if it results from the renegotiation of an existing debt, cannot exceed 30 years and must have a minimum maturity of at least five years.

The Slovak Supreme Court recently caught public attention when it rendered a judgement significantly enhancing the interpretation of corporate governance rules towards increased protection of minority shareholders.

Sukuk in general market parlance refers to a financial certificate that does not have the elements that are prohibited in Islam. Formal definitions of Sukuk can be found in international standards such as in the Shari'ah Standard of the Accounting and Auditing Organisation for Islamic Financial Instititutions (Aaoifi) as well as in local regulatory guidelines. For example, in Malaysia, the Guidelines on the Offering of Islamic Securities issued by the Securities Commission of Malaysia. In the former, Investment Sukuk is described as certificates of equal value representing undivided shares in ownership of tangible assets, usufruct and services or (in the ownership of) the assets of particular projects or special investment activity. In the latter sukuk is simply defined as a document or certificate which represents the value of an asset.