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Cutting edge close-up: Phu My 3 attracts new consistency from political risk guarantors

Asian projects can increasingly expect to get consistent terms from guarantors of political risk coverage. Bruce Cooper of Freshfields Bruckhaus Deringer, Singapore, explains how following the success of Phu My 3 in Vietnam

August 31 2003

Lessons from the Marconi restructuring

Nicholas Frome and Claude Brown of Clifford Chance LLP explain the tension between the credit derivative market and bank-led insolvency workouts

August 31 2003

Islamic Development Bank boosts Sharia-compliant debt market

The Islamic bond market took a step forward in August with a Sharia-compliant securities issue backed bymultiple assets, rather than a single leasing agreement as done previously.

August 31 2003

Skadden Arps and Wilson Sonsini advise on French transatlantic deal

US law firms Skadden Arps Slate Meagher & Flom and Wilson Sonsini Goodrich & Rosati have advised on an unusual transatlantic takeover that saw French tech company Business Objects acquire Californian software company Crystal Decisions in an $820 million deal using a reverse triangular merger structure.

August 31 2003

Lovells, Davis Polk and Dewey advise on SABMiller’s debut bond

SABMiller entered the bond markets in August for the first time since the creation of the company through 2002's merger between South African Breweries and Miller.

August 31 2003

India offers rare convertible to international buyers

India's capital markets got a boost in late July with the country's first convertible bond since 2001, and the first such deal without credit enhancement since 1997.

August 31 2003

Cutting edge close-up: Japan woos new investors with managed CDO issue

Zest Investments II has shown the way forward for managed collateralized debt obligations in Japan. Paul Cluley and Benjamin Pynt of Allen & Overy, Tokyo, reveal how the deal balances the added complexity of having a managed portfolio with simplified cashflows and a greater transparency of risk

August 31 2003

Returning IPOs give fresh life to US firms' equity teams

There was further evidence last month of a return to business for US securities lawyers left dormant by the bear market as a series of initial public offerings (IPOs) hit the trading floor. In the matter of a few weeks a string of equity offerings emerged, equalling the product of whole quarters earlier in the year.

August 31 2003

German takeover regime tested as Saban acquires ProSiebenSat.1

Private investment firm Saban Capital Group has acquired the majority of voting rights of ProsSiebenSat.1, the largest private television network in Germany.

August 31 2003

China petrochemical project sets Asian financing benchmark

The signing of the $4.3 billion Nanhai petrochemicals project in China took place on August 1, marking the largest-ever Sino-foreign joint venture project financing.

August 31 2003

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