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Corporate bond issues mark new era for Hong Kong retail market

Two milestone bond issues by Cheung Kong (Holdings) and Ford Motor Credit have given Hong Kong's retail market renewed vigour. At the same time the deals have helped develop prospectus disclosure, issue structures and distribution methods within the outdated confines of the Companies Ordinance.

November 01 2003

Russia finalizes mortgage-backed securities law

Russia's nascent securitization market has taken another step forward. Last month, the State Duma adopted the final reading of a bill that would establish a legal framework for issuing mortgage-backed securities (MBS) in the Russian market.

November 01 2003

Investing in German non-performing loans

Jürgen Börst gives a step-by-step guide to investors buying German distressed debt

November 01 2003

Indian court restores tax savings for investors through Mauritius

Sandeep Parekh of PH Parekh & Co examines a favourable judgment that will bring certainty to investors in India

November 01 2003

Gatekeeper of the London market

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

November 01 2003

Turkey

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.

November 01 2003

Italy

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.

November 01 2003

Cutting edge close-up: Czech asset-backed deal proves sceptics wrong

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

November 01 2003

Vox pop: What is the biggest challenge you face in the international market?

Andrew Sheng, chairman, Securities and Futures Commission of Hong Kong

November 01 2003

Regulators chart course for disclosure crackdown

Issuers and stock exchanges must do more to ensure investors can rely on publicized information about their listed securities. Andrew Crooke reports

November 01 2003

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