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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

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

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

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

New Zealand

There have been some important changes to the regulatory framework governing the New Zealand Stock Exchange (NZSE) in the last six months. The main changes are a new continuous disclosure regime, principally governing continuing disclosure by listed companies to the market of material information about themselves, and demutualization of the NZSE, coupled with legislative changes delineating the regulatory roles of the NZSE and the statutory regulator, the Securities Commission.

April 30 2003

India

On March 31 the Indian Ministry of Commerce and Industry announced the 2003 to 2004 export-import (Exim) policy, which supplements the five-year plan for 2002 to 2007.

April 30 2003

Hong Kong

The Hong Kong Securities and Futures Ordinance (SFO) came into force on April 1 2003 and is aimed at maintaining and promoting fairness and efficiency in the securities and futures industry. The new SFO was enacted on March 13 2002 and replaced 10 Ordinances. About 40 codes and guidelines were issued under the Ordinance. Combating market misconduct and protecting investors is one of the key concerns of the SFO and a number of reforms have been introduced:

April 30 2003

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