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The government privatisation bucked the regional trend by using both Reg S and Rule 144A offerings

Here are the key discussion points from this week's IFLR Southeast Asia forum, held in Singapore's Grand Copthorne Waterfront Hotel

Municipalities’ path to recovery under the US Bankruptcy Code is just as clear The US Bankruptcy Code is one of the clearest and most respected in the world. Companies facing insolvency try to leverage off any US connection they might have to gain access to it. Corporates' use of Chapter 11 has increased tremendously over the last decade. Foreign companies including Overseas Shipholding Group, CEDC Vodka and Maxcom have all used US assets, subsidiaries or registrations as a means to file bankruptcy under US law. Debtors and creditors typically have more confidence in the outcome when a proceeding is handled in this well tested way.

Sellers in European M&A deals took on less risk in 2014 as the region saw a major uplift in M&A deal value, according to a study by CMS Cameron McKenna.

Initially foreign investors were optimistic about India's budget proposals, which deferred the General Anti-Avoidance Rules (Gaar) and reduced the corporate tax rate. But a little-noticed exemption means foreign investors could be liable for an 18% minimum alternate tax (MAT) – and it will be applied retroactively.

China's new deposit insurance scheme is a first step towards liberalising interest rates and allowing bank resolution. Its introduction is seen by many as a step towards the government allowing financial institutions to fail.

WOLF THEISS made a significant addition to its Czech team this month, hiring Allen & Overy's longstanding Prague corporate head, Jan Myška, who joined the Austrian outfit as joint Prague managing partner. Myška focusses on transactional work and regulatory advice in the energy and insurance sectors.

Corporate criminal regimes are spreading throughout Europe. The idea that companies can be held criminally liable for actions which, the law deems, are made on their behalf was once a particularity of US law.

The creation of a new Renminbi (RMB) hub in Canada has the potential to lower friction costs for trades between China and companies across the Americas.

The India Export-Import Bank's green bond has become the first offshore offering of its type from the country. And its unusual use of proceeds could facilitate more deals.