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The political and economic turmoil in Argentina has temporarily derailed one of last year's biggest energy deals in the country.

To facilitate the movement of funds from offshore venture capital (VC) funds into China, the Ministry of Foreign Trade and Economic Cooperation, the Ministry of Science and Technology and the State Administration of Industry and Commerce jointly promulgated the Provisional Regulations on Establishing Foreign-Invested Venture Capital Investment Enterprises, which came into effect September 1 2001.

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

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.

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".

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.

On June 4 2001, Mexico enacted a new Investment Companies Law (Ley de sociedades de inversión, or ICL). Most of the provisions of the new ICL became effective on December 4 2001, and all remaining provisions became effective as of January 1 2002. The ICL is the most recent attempt by the Mexican regulatory authorities to improve and modernize the asset management industry. It provides for very important changes to the way the industry will be shaped in the future. Although the regulators are still analyzing the issuance of specific regulations, we hope that they will be finalized and issued no later than the second half of 2002. The intent is to give a boost to the industry and to try to raise it to international standards. When compared to the macroeconomic size of asset management in other countries, we envision that the Mexican market has a potential growth rate of at least 30% per year over the next 10 years. In fact, the average growth rate of the industry during 2001 was approximately 67%, during the last three years it averaged 40% growth per year.