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France brings synthetic structures onshore

Xavier de Kergommeaux and Colin Mercer describe how French regulators are on the verge of expanding and clarifying the role of the country's securitization vehicle

August 31 2004

Timing rules narrow window for French IPOs

The revival of the French equity markets is putting the country's untested initial public offering rules on trial. Andrew Bernstein and Valérie Lemaitre make the initial assessment

August 31 2004

South Korea

The South Korean government has eased regulations to allow foreign financial institutions to establish subsidiary banks in Korea. The Financial Supervisory Commission (FSC) and the Financial Supervisory Service (FSS) amended the Guidelines for Authorization of Banking Business to allow for these changes.

August 31 2004

Canada

A recent decision in Canada illustrates the increased exposure of directors and officers to personal liability in Canada. In Kerr v Danier Leather Inc the Superior Court of Justice of Ontario imposed liability on the CEO and CFO of Danier for making misrepresentations in a prospectus.

August 31 2004

Japan

Japan's revised bankruptcy law was enacted in May 2004 and is expected to come into effect in January 2005. This follows the introduction of the Civil Rehabilitation Law in April 2000 and the revised Corporate Reorganization Law in April 2003. The purpose of these laws is to rehabilitate debtors, but the aim of the new bankruptcy law is to provide modernized procedures for the efficient liquidation of debtors and the fair distribution of debtors' assets.

August 31 2004

Interview: Helping Japan compete in the global securities race

Naohiko Matsuo, director for international financial markets at Japan's Financial Services Agency, tells Andrew Crooke about a spate of planned reforms to try to instil confidence in the country's securities markets and attract much-needed foreign investment

August 31 2004

Is the UK wrong about trustee liability?

The UK Law Commission's proposals on preventing trustees from limiting their liability should not apply to capital markets trustees. Jane Borrows and Eoin Gillen explain why

August 31 2004

WestLB forced into Enron payout

The UK's High Court has ruled that German bank West LB must honour a letter of credit issued to a special purpose vehicle used by JP Morgan Chase and Enron for commodities deals.

August 31 2004

Sidley Austin hires UK securitization heavyweight

Linklaters has lost a securitization partner to Sidley Austin Brown & Wood's relentless expansion in the London structured finance market.

August 31 2004

Private equity funds help power M&A drive

The resurgence of mergers and acquisitions activity in the US this year is increasingly driven by private equity firms as was the case on several deals last month. Such firms are appearing behind an increasing number of deals involving companies they control.

August 31 2004

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