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A tough stance from the UK government forced competing creditors to compromise on the British Energy restructuring. By Emma Barraclough

Banks can learn from the speedy UK court proceedings that Nomura used to win a dispute with CSFB. By Brendan Cash and Edward Sparrow

Ken Rushton, director of listing at the Financial Services Authority, talks to IFLR's Rob Mannix about proposed changes to UK listing rules

A group of investors is forcing issuers to look again at clauses unchanged for decades. Rob Mannix reports

The Turkish Ministry of Industry and Trade (the Ministry) issued Communiqué 2003/3 (the communiqué) in July, simplifying the procedures for setting up joint stock corporations and limited liability companies. The Ministry also removed several bureaucratic requirements, thereby eliminating unnecessary obstacles and ensuring a shortened process for setting up companies in Turkey.

Ukraine's Land Code has been amended to extend the right to own land to Ukrainian-foreign joint ventures. The law, On Amendments to Article 82 of the Land Code of Ukraine, passed on July 10 2003, has on the whole improved the position of Ukrainian companies with foreign investment in respect of land rights. Article 82 of the Code has been reworded so as to extend the right to purchase, sell, hold title to and exercise proprietary rights over non-agricultural land in Ukraine to joint ventures founded in part by foreign legal entities or individuals. Before these amendments, such entities were not permitted to acquire or own non-agricultural land in Ukraine.

Italian banking foundations have undergone a number of legislative interventions, the latest of which was by Legislative Decree 217, August 2 2002 (Decree 217). The banking foundations have also lately been the subject of two rulings by the Italian Constitutional Court, Rulings 300 and 301 of September 24 and 29 2003. These rulings affect the juridical status and, as a result, the activity and composition of banking foundations' bodies.

The group restructuring of MBf Holdings synthesized the terms of two schemes of arrangement in a single set of international bond documentation. By Evan Cohen and Bobby Ladwa

Enforcement actions against banks that lent to Enron suggest others should take care over how they put deals together. By Chris Groobey

Rating agencies said Czech securitization would require legislative change. On the Home Credit Finance deal, lawyers convinced them otherwise. By Christopher Lewis, Harm van Berkum and Tomas Otruba