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  • The listing rules of the Hong Kong Growth Enterprise Market (GEM) were amended as of October 1 2001. Key revisions of note include the following:
  • Shearman & Sterling, Latham & Watkins in Singapore and Cadwalader Wickersham & Taft have advised on the $1.2 billion debt restructuring of PT Semen Cibinong, Indonesia's third-largest cement company.
  • The political and economic turmoil in Argentina has temporarily derailed one of last year's biggest energy deals in the country.
  • A council established to advise the government of the Philippines and chaired by the country's president, Gloria Macapagal Arroyo, has pledged to apply five key pieces of legislation to reform the financial services industry.
  • The stink from the Enron scandal is so powerful that even the loosest connection to the disgraced energy company can cause trouble.
  • Allen & Overy has appointed Jacques Cook, senior counsel at the Inter-American Development Bank (IDB), to strengthen its project finance capabilities in the region.
  • 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
  • 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
  • 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
  • IRELAND, UK, BERMUDA: Euro 1 billion ($883 million) leveraged credit portfolio for Blue Chip Funding 2001-1 (January 2002) Dolem Securities McCann Fitzgerald