Search results for

The stink from the Enron scandal is so powerful that even the loosest connection to the disgraced energy company can cause trouble.

Entry to the WTO should give foreign banks access to the renminbi business they need if they are to be part of the expected boom in the country’s banking sector. But, as so often in China, things may not be so simple. Mitch Dudek and Kan Liang of Jones, Day, Reavis & Pogue’s Shanghai office explain

In the first of a three-part series, Philip Gilligan and John Banks of Lovells, Hong Kong, examine the causes behind the boom in M&A activity in the Asian banking industry and explain how such deals can be structured

A recently completed study in Canada found that collars, which are used to stabilize a bidder's stock acquisition currency, have been used in approximately 2% of takeover bids for public companies over the past three years. Although the number of deals appears low, two of the five largest mergers and acquisitions (M&A) deals of 2000 in Canada employed collars. Both Vivendi's C$41.6 billion ($26.1 billion) acquisition of Seagram and Shire Pharmaceuticals Group's C$5.9 billion acquisition of BioChem Pharma utilized collar structures to increase certainty for their transactions.

Construction companies are often not used to dealing with special purpose companies (SPCs) on large infrastructure projects. When it comes to negotiating a contract on such a project, they need to ask the right questions to find out, among other things, about the commitments the SPC has obtained for required debt and equity. Robert Vitale of Cadwalader, Wickersham & Taft, New York, answers the key questions

Jeffrey Wilson of Baker & McKenzie, Hong Kong, explores how China’s new insurance regime for foreign investors has failed to improve on the Shanghai Measures and may not meet WTO standards

In the April 2001 issue of IFLR we reported that political agreement was reached by the EU's Council of Ministers to establish the European Company Statute and the related directive on worker participation in European companies. We can now report that, on October 8 2001, the EU Employment and Social Policy Council adopted the regulation establishing the European Company Statute and the accompanying directive. The directive and regulation will come into force on October 8 2004.

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