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  • Adam Glass, securitization specialist at Linklaters in New York, introduces an occasional series on partners' personal experiences in corporate finance and what it takes to succeed (or fail) in their practice area of choice
  • On January 12 2005, the government repealed the contentious Press Note 18 (PN 18) dealing with foreign financial or technical collaboration under the automatic approval route.
  • The BVI Business Companies Act (the Act) came into force on January 1 2005. Unlike the International Business Companies Act (the IBC Act), this single statute allows for the incorporation of international offshore companies as well as locally owned companies doing business in the BVI. For a two-year transition period, both the IBC Act and the new Act will be in force. After the two years, the new Act will be the sole corporate statue for the BVI and will regulate all BVI companies.
  • In a news story in the January issue of IFLR, it was wrongly reported that Linklaters advised Pemex on the Mexican company's recent perpetual bond issue. In fact Linklaters advised the underwriters and Cleary Gottlieb advised Pemex on the issue.
  • Boxclever: maintenance problems killed the deal German state-owned bank WestLB has finally rid itself of UK TV rental company Boxclever, almost two years after its securitization deal fell apart.
  • State-owned German bank HSH Nordbank's suit against Barclays Capital, the investment banking arm of Barclays Bank, over losses on structured finance products is due to start on February 21.
  • Andreas Mayr and Tibor Varga, Dorda Brugger Jordis Dorda Brugger Jordis partners Andreas Mayr and Tibor Varga have advised on the largest ever capital market transaction on the Vienna Stock Exchange.
  • Clifford Chance in December advised mortgage bank HBOS on the UK's first covered bond programme backed by social housing loans.
  • The UK's market regulator is increasingly prepared to hit wrongdoers with adverse publicity, but this strategy is undermining the market's confidence in the watchdog, warns Matthew Allen
  • A Chinese court's irregular ruling could make it difficult for international financial institutions to rely on letters of credit issued by Chinese banks. By Geoff Sutherland