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Why western firms have difficulty representing Chinese M&A targets

Banks' disclaimers on debt deals will be ineffective if their behaviour doesn't match up

Amendments to the US Bankruptcy Code have created a boom in derivative-driven structures, such as the SIV-Lite

The Reserve Bank of India (RBI) has liberalized India's external commercial borrowing (ECB) guidelines, enabling corporates to raise an additional $250 million of ECB.

Why international enforcement is becoming more similar to the SEC's model in the US

Tim Grayson, Goldman Sachs

Sullivan builds on London hires Leading M&A partner Tim Emmerson has left Milbank Tweed Hadley & McCloy to join Sullivan & Cromwell, building on the firm's hire of Vanessa Blackmore late last year.

On January 15 2007, new rules and requirements were introduced that affect banking institutions, the stock markets, investment companies and financial companies when entering into derivatives transactions. The new rules seek to simplify authorization; suppress the opinions of auditors and consultants; grant indefinite and general authorization to enter into derivatives operations; allow banking institutions to conduct derivatives credit operations; add new underlying operations against which derivatives can be written; expand the scope of operations for investment companies; and bring financial companies under the scope of the regulations.

On December 8 2006, Japan's Trust Law was completely replaced by a new Trust Law (Law 108 of 2006), which will come into effect sometime before June 2008. It is the first big revision in decades.

The 2007 Financial Law (Law 296 of December 27 2006) sets out new guidelines for regions and local authorities when entering into derivative transactions, and includes new provisions to be followed for these transactions to be valid.