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  • International banks can no longer be certain of the effectiveness of taking a security interest in Korean assets by way of a pledge from Korean companies. Joshua Margolis and Chul Hyun Kim of Hwang Mok Park consider what can be done to avoid a chilling effect on derivatives and secured lending transactions
  • A new Greek law has expanded securitization into the private sector. George Pergamalis of Freshfields Bruckhaus Deringer explains what market participants need to consider when doing their deals
  • A new law in Spain establishes a regime that goes beyond pure tax incentives, and could represent Spain's entry into the race to be the jurisdiction with most favourable taxation for debt issues.
  • New York firm Winston & Strawn is expanding its financial services regulation focus with the hire of Bank One's general counsel.
  • AllBright Law Offices Jin Mao Building, 25th Floor
  • Whether Hong Kong can compete for a share of Asia's rapidly growing market for real estate investment trusts will depend on how the new Reit regulations are applied, say Dean Lockhart and Graham Turl of Linklaters
  • Instead of creating a clear roadmap for M&A in China, new rules have made doing deals more complicated and confusing for foreign investors. Doubts now over how the regulations will be enforced is creating even more uncertainty, reports Andrew Crooke
  • 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
  • By Claude Niedner of Arendt & Medernach
  • By Bonn Schmitt Steichen