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Bain Capital’s acquisition of 50% of socially-conscious Toms Shoes demonstrates how charitable giving can be built into a corporate structure

It wasn't supposed to take this long. Hong Kong's renminbi (RMB) bond market was purportedly born back in July 2007 when the China Development Bank (CDB) issued 5 billion yuan worth of renminbi-denominated bonds. At the time, this correspondent had just moved to Hong Kong and was covering the Asian market for IFLR. Back then, the mood in China was more expectant than hopeful: bankers and their counsel were confident that CDB's bonds would lead to many more. They anticipated full internationalisation of the currency within two to three years.

The Hong Kong government's successful sukuk signals that more Asian jurisdictions must take Islamic finance seriously. The $1 billion sukuk al-ijarah, issued under Regulation S and Rule 144A, achieved the tightest-ever pricing for a benchmark-sized sovereign issuance from Asia ex-Japan; investors in the Middle East took 36% of that deal.

Do any more US politicians want to blame companies for the country’s inversion issues? It is rare that a piece of corporate accounting and tax planning should be the topic of wide public discourse. But the number of US tax inversion deals launched over the past year has sparked both the public's and politicians' interest. This has been further heightened by the involvement of several household names in these types of deals. Pfizer, Burger King, and Walgreens (which eventually decided against a tax inversion despite a merger with British company Alliance Boots).

The possibility that Scotland could have voted to leave the UK raised many difficult questions, not least of which was a constitutional crisis in the UK. But the ripple effects of a split would have spread throughout the EU.

The Stock Exchange of Hong Kong's highly-anticipated concept paper on weighted voting rights furthers the market's debate on non-traditional shareholding structures.

The Republic of Indonesia structured its recent sukuk to permit greater flexibility in its underlying assets. Other sovereigns are expected to follow.

A ruling in MPM Silicones' Chapter 11 proceedings could be detrimental to the amount secured lenders in future reorganisations can expect to be repaid.

More than a year after a Jakarta court ruled a loan agreement void because it was not translated into Bahasa Indonesia, lawyers are still uncertain about local language translation requirements

Investors that own a quantity of stock below its index weight may a pose greater and more immediate threat to companies than growing activism or short sellers, one of the OECD's independent advisers has warned. Underweight shareholders, as they are known, may own a large voting stake in a company like activists, but like a short seller they are hoping for a fall in the stock's value. This, in turn, allows them to raise their performance against a benchmark.