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Robert Ebe and Brett Waxdeck explain how US courts became comfortable with non-US arbitration decisions

Earlier this year, Korea introduced new laws and regulations relating to private equity funds (PEF) in an effort to foster Korea-based funds large enough to compete with international funds in the M&A market. The new laws and regulations were legislated based on principles that: (i) the investment purpose must be to participate in management control; and (ii) any investment that can be characterized as a loan is prohibited. Recently, certain investors in PEF have entered into option contracts guaranteeing the principal and agreed profit margin for such investors. Whether these arrangements are consistent with the legislative intent of the new laws and regulations has been the subject of intense debate.

Following the lead of the UK, France, Spain, the Netherlands, Italy and the US, Greece has introduced draft legislation to enable public-private partnerships. By Harris Ikonomopoulos of Ikonomopoulos & Partners

Mizuho Corporate Bank provided acquisition finance, in the form of senior and mezzanine debt, to Charterhouse Capital Partners on its £300 million purchase of Avent Group. The acquisition was completed on June 9 2005, but Mizuho is lending to refinance a temporary equity-bridge structure that was put in place to effect the purchase. Malcolm Hitching led the Herbert Smith team acting for Mizuho, while Lovells' partner Derek Baird advised Charterhouse Capital Partners.

Linklaters advised ING Bank on the establishment of its €40 billion global-issuance programme. The new programme consolidates ING Bank's previous note issuance and is structured to comply with the EU Prospectus Directive. The programme allows ING to issue a variety of securities: MTNs, share-linked notes, index-linked notes, exchangeable notes, inflation-linked notes, fund-linked notes, credit-linked notes and warrants. The Linklaters team was led by partner Richard Levy. Loyens & Loeff advised on Dutch taxation matters.

Michael R Tsibris of Moussas & Tsibris provides an overview of merger and acquisition processes in Greece and highlights recent legislative developments

Nicholas Moussas of Moussas & Tsibris says criminal proceedings can be just as effective as civil action when protecting industrial property rights in Greece

Greece has drafted legislation to implement the latest EC competition directive. Constantine Lambadarios and Melina Katsimi of Lambadarios and Associates outline the changes

Michael Parshall and Jonathan Swain explain how a Takeovers Panel decision in Australia is set to force disclosure of cash-settled equity swaps in some M&A transactions

When Portuguese companies need money to invest in new technology or overseas expansion, they often rely on bank loans or EU funds administered by the government.