Search results for

The ever-growing popularity of football is forcing clubs to expand their grounds to meet the demands of fans and to be able to afford players’ wages and transfer fees. With the equity markets turning their backs, clubs are turning to securitization to fund their expansion. Stuart Brinkworth of Latham & Watkins, London, explains how

Consistent with its plan to mold the Japanese Commercial Code to the needs of business, the Japanese government recently announced amendments to the laws on stock rights. From April 1 2002 two types of stock rights – detachable stock warrants and stock options – will be replaced by a new type of stock right: shinkabu-yoyakuken (abbreviated to yoyakuken), meaning literally "the reserved right to new shares".

IRELAND, UK, BERMUDA: Euro 1 billion ($883 million) leveraged credit portfolio for Blue Chip Funding 2001-1 (January 2002) Dolem Securities McCann Fitzgerald

On January 1 2002 several amendments to the Securities Market Act (the SMA) and a number of related securities laws became effective. The amendments relate mainly to the definition of securities under Finnish law and introduce new provisions concerning other forms of public trading as well as alternative professional trading places to be established by authorized stock exchanges, investment firms and credit institutions. In addition, the amendments introduce provisions intended to increase the level of internal supervision conducted by market participants involved in the Finnish securities markets.

With pressure mounting on offshore jurisdictions to tighten up their tax haven status and secrecy rules, lawyers are looking to adapt their legislative environments to encourage work in sophisticated cross-border transactions. Thomas Williams reports

Shearman & Sterling in Hong Kong has acted as US counsel to Aluminium Corporation of China (Chalco) and its state-run parent Aluminium Corporation of China (Chinalco) on Chalco's $458 million initial public offering (IPO).

Clifford Chance lawyers have closed the first fixed-line telecommunications securitization of the year.

The Australian Prudential Regulation Authority recently issued a draft prudential standard for Authorized Deposit-taking Institutions (ADIs), together with a draft guidance note. These measures aim to ensure that ADI outsourcing arrangements are subject to appropriate due diligence and continuous monitoring.

Allen & Gledhill has advised the Development Bank of Singapore (DBS) on the bank's first synthetic securitization, backed by a $2.8 billion corporate loan portfolio.

By John Mackie, Chief executive, BVCA