IFLR Search

US listing burdens partly-blamed for Chinese IPO withdrawal

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.

February 01 2003

Korean bond overcomes privatization risk

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.

February 01 2003

City firms square up for UK supermarket scramble

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.

February 01 2003

Bond Market Association releases draft netting agreement

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.

February 01 2003

UK company uses Chapter 11 to stay solvent at home

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

February 01 2003

About the contributors

Mitsuhiro Kamiya is a partner of Freshfields Law Office and leads the Japanese corporate practice. His specializations include mergers and acquisitions, joint ventures, private equity and intellectual property, and he covers various sectors including IT, telecommunications, pharmaceuticals and retail business. His clients include large Japanese and international corporations.

January 28 2003

The development of Japanese real estate investment trusts

Hidetaka Mihara, Naohiro Nishimura and Kenji Utsumi of Nagashima Ohno & Tsunematsu outline the regulations for Japanese real estate investment trusts and suggest what to look out for when structuring these investment vehicles

January 28 2003

Using private action for injunctive relief under the Antimonopoly Law

Japan's antitrust reforms are intended to crack down on violations of the Antimonopoly Law and give more adequate remedies to aggrieved parties. Companies must be careful not to expose themselves to the new risks of a private action filed by consumers and competitors as well as the risks of a possible injunctive order by the Japan Fair Trade Commission. By Shinya Watanabe and Hiroshi Kobayashi of Jones Day

January 28 2003

Stock options: entering a new stage

Recent reforms are expected to give Japan similar flexibility as that available in Europe and the US when using stock options. Hirohito Akagami and Akito Takahashi of Anderson Mori discuss how far the new provisions facilitate new kinds of business relationships, innovative investment and takeover structures, more cost-effective financing and services, and employee and officer incentive plans

January 28 2003

In-house interviews: Meeting Japan's tough banking challenges

Financial institutions in Japan are tackling the regulatory and commercial challenges that all market players face. Apart from trying to win mandates in Tokyo’s increasingly competitive market, the foreign investment banks must also be careful not to fall foul of tough local regulators. IFLR spoke to general counsel at prominent banks in Tokyo about what should be done to revive the economy, how to overcome tough compliance challenges and whether Japan should set up an independent regulator.

January 28 2003

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