Search results for

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.

Clifford Chance has advised DEPFA Bank on the UK's first private finance initiative (PFI) loan securitization. The £392 million ($758 million) synthetic, partially funded collaterized loan obligation (CLO) securitized a pool of UK PFI loans, which are used to fund public infrastructure assets, in a publicly rated debt transaction.

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.

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

Carol Hansell examines the progress towards improving corporate governance in Canada in the shadow of US reforms

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.

Margaret Tahyar gives an insight into SEC decision making and tells European issuers that facts are the key to influencing the US regulator

On October 29 2004 the Swedish Supreme Court rendered a judgment that should be of interest for many directors of Swedish limited liability companies. The case concerned a Swedish limited liability company that had omitted to close the accounts on time for the financial years 2000 and 2001 with annual reports. The Supreme Court held (just like the District Court but in contrast to the majority of the judges of the Court of Appeal) that these omissions constituted accounting offences according to chapter 11, section 5 of the Swedish Penal Code.