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  • Optus Networks used a novel price and rebate structure to buy Uecomm after convincing the Australian regulator that its takeover rules would stand in the way of shareholders getting the best deal. Costas Condoleon and James Philips explain
  • Lawyers on Hungarian telecoms company Invitel's latest financing had the challenge of blending, for the first time, senior and high-yield debt on a Hungarian deal.
  • MBNA's delinked trust uses new legal technology to increase issuance speed and flexibility, moving the European credit card securitization market to a higher level of sophistication.
  • August is traditionally a stagnant time in the equity markets, but this year the holiday month has seen several $100 million-plus initial public offerings (IPOs) reach the US markets. Google's auction-style launch may have taken all the media attention, but several real estate investment trusts (Reits) were among seven issuers who raised more than $2 billion between them.
  • Foreign banks that want management influence over their China investments risk litigation as their western business systems based on law clash with local systems based on connections, says William Gamble
  • Securitization remains innovative despite a wave of commoditization, says Paul Ali
  • In one of the largest US mergers of the year, General Growth Properties announced in August its plans to buy The Rouse Company for $7.2 billion.
  • US banks that support ABCP programmes are preparing for life under new capital requirements. James Croke and Peter Manbeck explain
  • Spain's new insolvency law comes into force this month. It increases legal certainty, but lenders must still beware. Gabriel Núñez and Cristina Pérez Cajal explain why
  • German banks are looking with increasing urgency at ways to rid themselves of their portfolios of non-performing loans, but legal hurdles remain, say Oliver Kessler and Melanie Schlage