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  • The scope of UK implementing regulations for the Collateral Directive is wider than expected, much to the delight of banks. Benedict James and Will Nevin report on the main provisions
  • The complaints committee of the Dutch Securities Institute (DSI) recently delivered its judgment on a number of disputes concerning a share lease scheme sold by Legiolease. On February 5 2003, some investors were awarded a relief of the largest part of their remaining debt with Legiolease.
  • John D Moore of Goldman Sachs explains how US regulators are pressing issuers to improve the quality of their Management's Discussion and Analysis in financial disclosure
  • The Bank of China (BOC), one of China's four main state banks, is planning a direct public auction of its non-performing loans (NPLs).
  • Administrations, financial problems at Leeds United and changes in regulation have brought UK football securitization to a standstill. By Stuart Brinkworth
  • Skadden Arps Slate Meagher & Flom has advised the first French company to launch an initial public offering (IPO) for 18 months and the first French technology company to come to market in three years.
  • Sullivan & Cromwell is eyeing an even bigger chunk of China mandates after recruiting Calvin Lai from Goldman Sachs' special execution group in Asia.
  • The Italian cabinet has approved a draft law that will tighten oversight of Italy's financial markets, but has stopped short of endorsing the sweeping reforms proposed to help prevent a repeat of the collapse of dairy foods company Parmalat.
  • A regional treaty on cross-border insolvency would promote foreign investment, say Richard Fisher and Michael Sloan
  • Baku-Tbilisi-Ceyhan: a deal three years in the making The financing of the Baku-Tbilisi-Ceyhan pipeline, one of the largest pipeline projects in history, has closed after years of controversy.