IFLR Search

How hostile bidders can prise open target companies

For the first time in Australia, the bidders in two recent takeover bids included conditions to help them extract valuable and confidential information from the target. Rodd Levy of Freehills looks at how this could influence future bidding tactics, as well as the final outcome

April 30 2003

Why China Netcom chose the Chapter 11 route

The final part of this deal analysis reveals why an asset purchase through a US Chapter 11 case was the best way for state-owned telecoms operator China Netcom to buy Asia Global Crossing. Edward Turner, Sandor Schick and Etienne Gelencsér of Shearman & Sterling explain

April 30 2003

Will Hong Kong's stabilization rules help the market?

New rules to address price volatility in securities offerings have been introduced in Hong Kong. John D Moore of Goldman Sachs explains how the regulations meet international standards and reviews some areas that may need a closer look

April 30 2003

Retail derivatives made simple

Regulators have always frowned on selling derivatives to UK retail investors. But Simon Gleeson from Allen & Overy explains how careful structuring can overcome this problem

April 30 2003

What France must learn from US disclosure

The US may have been the centre of corporate disclosure scandals, but it is French regulators which need to ensure companies keep investors informed say Eric Cafritz and James Gillespie of Fried Frank Harris Shriver & Jacobson

April 30 2003

FSA calls time on research sweeteners

UK money managers are reeling from bold new plans to force them to separate charges for trading and non-trading costs. Thomas Williams talks to the woman behind the proposals, Christina Sinclair, head of the Financial Services Authority's business standards department

April 30 2003

Has the UK missed a hedge fund bonanza?

UK regulators have shelved plans to allow the sale of hedge funds to retail investors. Simon Firth of Wilmer Cutler & Pickering believes the rulemakers will regret their mistake

April 30 2003

Collective action shows the way forward

With Uruguay waiting to see if its innovative exchange offer will be accepted by investors, Anna Gelpern at the Council on Foreign Relations in Washington DC looks at the new approaches to sovereign debt restructuring and argues that the use of controversial collective action clauses is coming of age

April 30 2003

Canada

The Ontario Securities Commission recently issued proposals to amend Rule 61-501, which governs insider bids, issuer bids, going private transactions and related party transactions. The Rule protects security holders by providing greater disclosure regarding, independent valuation of, and effective veto over, certain transactions with perceived inherent conflicts of interest. The amendments seek to clarify confusing provisions and eliminate regulatory burden where compliance costs may outweigh the benefits.

April 30 2003

McDonough to head new US accountancy regulator

The Securities and Exchange Commission (SEC) announced on April 15 that it had nominated William McDonough to lead the new body overseeing the accountancy profession in the US.

April 30 2003

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