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Giving Japan's distressed assets a well-needed workout Japanese companies accept that they need private - mainly foreign - money to help them out of their financial troubles, and restructurings and buyouts are booming. Andrew Crooke asks Fumitaka Eshima, UBS's head of legal in Japan, what challenges investors and their financiers face when structuring these deals

NYSE: busy holiday season The US securities markets traditionally have a short burst of activity sandwiched between Thanksgiving in late November and Christmas the following month.

After an 18-month wait, the first deal has closed under the German true-sale initiative (TSI) platform that was designed to facilitate Germany's nascent true-sale securitization market.

Allen & Overy advised Lecico Egypt on its $132.6 million initial public offering (IPO) in November, the first IPO by an Egyptian company since 2000.

Steven Christopher, Mallesons Linklaters' Asia practice has suffered a rare defection after Steven Christopher, head of its banking group, resigned to join Mallesons Stephen Jaques as a partner in its Hong Kong office from early this month. Christopher, a debt-financing specialist, is a 14-year veteran in the region. His decision to join the Australian firm follows soon after it merged with Kwok & Yih to give it greater China access. Mallesons chief Robert Milliner said the new hire is a direct response to growing client demand for an increased presence on the ground in Hong Kong.

As takeover activity grows in Australia, bidders are finding new techniques to ensure success both on hostile and friendly deals, explains Rodd Levy

Foreign vendors that sell to China's increasingly acquisitive companies are exposed to China’s less than transparent regulatory regime, say Jean-Marc Deschandol and Tom Luckock

With Korea soon to pass new bankruptcy legislation, Mark A Walker, James L Bromley and Sang Jin Han outline what the country’s lawmakers should learn from past experience

As the documentation of syndicated loans in the US increasingly resembles that of bonds, Gregory Woods warns that lenders could stray accidentally under onerous securities laws

A new currency law in Turkey aims to resolve the difficulties caused by hyperinflation in the country over the past two decades. The hyperinflation that started in the 1970s meant that during the 1980s new banknotes in larger denominations came into circulation to meet the cash demand in the economy. For the past few years the highest denominated banknote has been TL20 million, which is also the highest denominated banknote in the world. Use of figures with multiple zeros has created many technical and operational problems in particular for banks and the treasury. The creation of official financial records has also proved troublesome.