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Clifford Chance securitization partner Luigi Chessa is leaving the firm's Rome office after six months as joint-managing partner for Italy.

The latest draft of the Basel Capital Accord proposes to treat project finance, asset finance and commodities finance differently from conventional lending. Nicholas Budd of Denton Wilde Sapte explains how

The Securities and Futures Commission (SFC) is looking forward to a new era in Hong Kong's financial markets with the long-awaited Securities and Futures Ordinance (SFO) due to come into effect on April 1 2003.

Who will pay for independent research if not the investment banking arms of Wall Street firms? Steven Lofchie of Davis Polk & Wardwell, New York, looks at the latest US moves to curb analyst conflicts

The first global bond offering from one of Korea Electric Power Corporation's (Kepco's) generation subsidiaries has set a useful precedent for the market, showing how to avoid triggering a default on bonds should the issuer be privatized in future.

London's merger and acquisition lawyers have begun the new year rushed off their feet after no less than six UK supermarkets prepared to bid for the country's fourth largest food retailer Safeway.

The Bond Market Association (TBMA) last month released a proposal draft of a new version of its Cross-Product Master Agreement (CPMA). The Agreement is an industry standard intended to harmonize agreements among agents conducting transactions in the swaps, repo, securities lending and currency markets. The revised draft takes the first version of the CPMA and expands its scope with the aim of reducing risk and instability in those markets.

What was to be the first ever New York listing of a Chinese private enterprise has been shelved, in part because of added regulatory burdens imposed by the Sarbanes-Oxley Act.

For the first time a UK company is relying on US bankruptcy proceedings to protect it from US creditors while remaining solvent elsewhere.

The Shoura Council, a highly influential consultative group made up of some of the leading Saudi Arabian nationals, has rejected a proposed 10% income tax on foreign individuals. While, Saudi Arabia levies corporate taxes, it has traditionally not levied an individual income tax on expatriate workers. However, the country was considering levying a tax on expatriates as a means of reducing public debt and reducing the number of foreign workers in the hope that unemployed Saudi Arabian nationals would replace them.