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Securitization industry hopes for Italian law to enable whole business deals

The Italian government's plans for civil code reform affecting businesses are likely to be pushed back, allowing the securitization industry more time to lobby officials on changes enabling a form of whole business securitization to take place.

December 01 2002

Weak corporate governance enforcement opens way for arbitration

Regulators in emerging markets still lack the resources and expertise to enforce best corporate governance practices. Private dispute resolution may provide the solution for minority shareholders. By Andrew Crooke

December 01 2002

What banks should know about US pro-creditor reforms

The US Congress has failed to pass new bankruptcy rules, but the experiment continues. Martin Bienenstock of Weil, Gotshal & Manges in New York says likely reforms will be unwelcome to creditors even if that is not their aim

December 01 2002

How EU rules will deny access to retail markets

The European Prospectus Directive will create one set of rules for listings in all EU markets. The regulations will also lead to bland documentation and could stop smaller companies listing in the EU, says Clifford Dammers of the International Primary Market Association

December 01 2002

Will new liabilities land French banks in court?

Following recent regulations, French banks must take a share of the blame if investors feel they have been misled about a deal. Rob Mannix asks lawyers how well their clients will adapt to the new rules

December 01 2002

Why the SEC is unfit to regulate lawyers

Last month the SEC approved proposed new rules on the conduct of lawyers under the Sarbanes-Oxley Act. Richard Hall at Cravath Swaine & Moore questions whether the Commission should be regulating the legal profession at all

December 01 2002

Landmark project financing sets Vietnam on new path

The signing of Vietnam's first build-operate-transfer project financing is being tipped to show the way for further deals of this type in the power sector.

December 01 2002

Secondary legislation to avert Enterprise Act threat to securitization

The UK government has conceded that secondary legislation is needed to ensure the Enterprise Act does not restrict innovative securitizations.

December 01 2002

Basel proposals stun structured financiers

The latest announcements from the Basel Committee on Banking Supervision have left securitization banks cold. Rob Mannix reports

December 01 2002

Turkey

Distressed Turkish companies in almost every industry are attempting to restructure their debts to survive and continue their operations in the wake off the recent economic crisis. The main piece of legislation addressing restructuring is Law No 4743 on Restructuring of Debts to the Financial Sector and amendments to certain laws followed by the Regulation on the General Terms of the Approval, Acceptance and Implementation of Financial Restructuring Framework Agreement.

December 01 2002

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