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  • Seth Aronson, Robert Stern and Michael Walsh argue that US courts have been right to bar shareholder derivative claims for CEO disgorgement under Sarbanes-Oxley
  • The PRC's new company law is nice in theory, but might not be so useful in practice. Seung Chong runs through the bigger changes and provides pointers for private equity investors
  • Recent developments in Hong Kong and Singapore are stimulating growth in Reit activity. But the regulatory environment can still be improved, argue John Sullivan and Hayden Flinn
  • A consortium of Spanish banks issued a European medium-term note (EMTN) programme valued at €3 billion. The transaction, which is compliant with the EU Prospectus Directive and Spanish corporate requirements, is one of the first EMTN programmes listed on the regulated market of the Luxembourg Stock Exchange.
  • For the last 50 years, dispute resolution in Albania has been handled by the judicial system. However, the uncertainty of the process and its expensive and time-consuming character, combined with the country's aim for international integration, has made it necessary to establish a clear legislative framework to enable disputes to be resolved through alternative dispute resolution (ADR), that is, mediation and arbitration.
  • Some features of HCFB's securitization are unique and innovative not only for Russia but also in the international capital markets context. Vladimir Dragunov describes how the deal was structured
  • The new leveraged loan document is a welcome update, but it's still very much a lender-led enterprise, says Matthew Tobin. Perhaps it's time sponsors took the initiative
  • State-owned enterprises (SOEs) in Indonesia are governed by Law 19/2003. Pursuant to Article 93 of this Law, as of June 19 2005 there will only be two forms of state-owned enterprises: SOEs in the form of a limited liability company, known as persero, and SOEs in the form of a general company, known as perum. The Article requires that all utility companies, or perjan, must be transformed into persero or perum by this date.
  • A recently proposed revision to the Japanese conflict-of-law rules is expected to have an impact on various international transactions.
  • A unique refinancing by two Indonesian companies could signal a rise in demand for multi-tiered debt issued by Asian borrowers, say Sabrina Maguire and Robert Mason