IFLR Search

Lovells and Carnelutti advise as SAB Miller buys Italy's Peroni

UK firm Lovells and Italian firm Carnelutti are advising on SAB Miller's €563 million ($638 million) unconditional offer for Italy's second largest brewer Birra Peroni.

May 31 2003

Japan

The Japanese government promulgated laws on April 9 2003 to facilitate industrial revitalization. The laws temporarily introduce and extend a number of special measures for certain types of revitalization plans and introduce a special corporation to assist certain revitalizing companies. There are companies in Japan that have accumulated large debts and retained excess productive capacities. As a result, they have been facing economic difficulties. The new measures are expected to help these companies.

May 31 2003

Promina closes world's largest IPO

The biggest global float of 2003 has come from Australia. Royal & SunAlliance's A$1.9 billion ($1.25 billion) initial public offering of Promina Group closed last month four times oversubscribed, showing no signs of succumbing to fears over market turmoil.

May 31 2003

First Czech PPP deal collapses

The Czech government has abandoned plans to build a highway using what would have been the country's first public private partnership (PPP) infrastructure deal.

April 30 2003

Can Reits resurrect Hong Kong's ailing property market?

Hong Kong's securities regulator has responded to industry pressure by releasing draft rules to create real estate investment trusts. But there are doubts over whether some proposals are suitable says Effie Vasilopoulos of Johnson Stokes & Master

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

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

British Virgin Islands

On April 10 2003 a new Insolvency Bill received its first reading in the British Virgin Islands (BVI). At the time of writing copies of the Bill were not available but previous drafts have been circulated and the government has engaged in extensive discussions with the private sector over the past two years. It is therefore possible to predict with a fair degree of certainty the likely provisions of the Bill.

April 30 2003

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