IFLR Search

Continuous disclosure divides lawyers

Should public companies be forced to suffer for the principle of market integrity? This was the question lawyers wrestled with during an IBA session on continuous disclosure.

September 30 2003

How to restructure in Latin America (part II)

In the final part of his series on restructuring Latin American corporate debt, Peter Darrow of Mayer Brown Rowe & Maw LLP discusses the alternatives available for banks and bondholders

September 30 2003

Texas judgments weaken US futures watchdog

Philip McBride Johnson of Skadden, Arps, Slate, Meagher & Flom explains how recent judgments in price manipulation cases are threatening the authority of the Commodity Futures Trading Commission

September 30 2003

Why Asian issuers fear Europe's securities reform

Asian issuers of securities in the EU face potentially expensive, time-consuming and uncertain disclosure obligations under Europe's new prospectus laws. By Swain Roberts and Denise Cheong of Linklaters Allen & Gledhill

September 30 2003

Japan

On August 1 2003 the Japanese government promulgated certain amendments to the Civil Code of Japan and the Civil Execution Law in connection with the foreclosure of mortgaged properties.

September 30 2003

India

In the absence of Lenders' Liability law, the Reserve Bank, with a view to counter-balance lenders' power under the Securitization Act, has recently finalized its Guidelines on Fair Practices Code for Lenders. The Code aims to usher in greater transparency in financial dealings, the hallmark of most developed financial markets, by requiring financial and banking institutions to follow a number of guidelines.

September 30 2003

Ripplewood sets Japan on path to leveraged buyouts

Japan's largest-ever leveraged buyout, the $2.2 billion purchase by US private equity fund Ripplewood Group of Japan Telecom's fixed-line business from the UK's Vodafone Group, is a pioneering transaction - for cultural reasons as much as any others.

September 30 2003

In brief

DLA gets eastern European boost in Weiss-Tessbach merger

September 30 2003

European Parliament adopts new share trading rules

The European Parliament overwhelmingly approved radical changes to the decade-old Investment Services Directive (ISD) last week, aimed at harmonizing share trading rules and boosting competition between banks and stock exchanges throughout the EU.

September 30 2003

Brazil

On September 19 2003 the Brazilian Securities Commission (the Comissão de Valores Mobiliários or CVM) rejected a request made by representatives of the accounting profession and other trade associations for relief from existing regulations that require the rotation of independent auditors of listed companies. The CVM has also suggested that existing accounting standards may require the rotation of lead audit partners, as well as the rotation of the audit firm.

September 30 2003

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