IFLR Search

Hedge funds

January 01 2006

Editorial

The buyout business is stronger than ever, with private equity firms globally raising over $20 billion more in the first nine months of last year compared with 2004. The cost of borrowing is low. Corporates are performing well and many private equity funds are making good returns on previous investments.

January 01 2006

Is Korea's securities class action law working?

Korea's adoption of securities-related class action lawsuits has been met with expectation from proponents and critics alike. But, as Sheron Korpus explains, Korean companies might have won the initial battle, as plaintiffs face considerable obstacles to filing suit

January 01 2006

What China can learn from US securitization

China has made a good start to creating a legal framework for securitization but some fundamental structural issues must be resolved. By Jian Wang

January 01 2006

PrimaCom gives lenders certainty on jurisdiction

A recent German ruling gives international lenders certainty that German courts will uphold English law jurisdiction clauses. By Sven Schulte-Hillen and Markus J Friedl

January 01 2006

Public takeover regime (part II)

Provisions making takeovers difficult Limitation of voting rights

January 01 2006

The right of foreigners to buy land

Until the amendment of the Romanian constitution by national referendum vote in October 2003, foreign citizens were not allowed to buy property in Romania. But because of this amendment, foreign citizens will be able to acquire the right to privately own land in Romania, after its accession to the EU and pursuant to other mutual international treaties to which Romania is a party.

January 01 2006

Pro-IPO amendments to securities legislation

At press time the Russian state Duma was considering several amendments to the Federal law on the Securities Market No. 39-FZ of April 22 1996 and the Federal law on joint-stock companies No. 208-FZ of December 26 1995. The amendments are designed to facilitate the IPO (initial public offering) process and to bring Russian IPOs more in line with western standards and practices.

January 01 2006

Book-entry corporate bonds

As of January 10 2006, a new book-entry transfer system for corporate bonds will begin operation. This system, which will be available to both domestic and foreign issuers for all new corporate bond issues, is another step towards conversion of the Japanese bond market from the old recorded bond system to a truly paperless bond transfer system. It is believed that all existing recorded corporate bonds will also eventually be converted into book-entry corporate bonds.

January 01 2006

Pension plans spur growth of financial market

On December 29 2004, the National Assembly passed the Employee Retirement Income Security Act (ERISA) to introduce a more comprehensive employee retirement pension plan, including derivation of and alternatives to the current severance scheme. ERISA took effect in December 2005, and the introduction of new retirement pension plans sponsored by employers is a milestone, not only for employee benefits and welfare in Korea, but also for the Korean financial market.

January 01 2006

Search results for