Search results for

On December 5 2001 the Minister for Finance announced the final budget of the present government prior to the next general election, which is due to take place in the first half of 2002.

A recent precedent-setting court ruling that upheld the rights of minority shareholders may mark the first stir of change for the nation's companies, especially conglomerates, where board decisions were often made without regard for shareholders.

Elizabeth Uwaifo, Sidley Austin Brown & Wood Sidley Austin Brown & Wood and Linklaters have closed a euro 2 billion ($1.8 billion) synthetic collaterallized debt obligation (CDO) for KBC bank. The deal was the second CDO to be issued from the Irish special purpose vehicle Cygnus Finance.

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 legislative branch of the government is essentially saying that some of the agencies of the executive branch have fallen down on the job"

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.

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

In the April 2001 issue of IFLR we reported that political agreement was reached by the EU's Council of Ministers to establish the European Company Statute and the related directive on worker participation in European companies. We can now report that, on October 8 2001, the EU Employment and Social Policy Council adopted the regulation establishing the European Company Statute and the accompanying directive. The directive and regulation will come into force on October 8 2004.

IRELAND, UK, BERMUDA: Euro 1 billion ($883 million) leveraged credit portfolio for Blue Chip Funding 2001-1 (January 2002) Dolem Securities McCann Fitzgerald

On January 1 2002 several amendments to the Securities Market Act (the SMA) and a number of related securities laws became effective. The amendments relate mainly to the definition of securities under Finnish law and introduce new provisions concerning other forms of public trading as well as alternative professional trading places to be established by authorized stock exchanges, investment firms and credit institutions. In addition, the amendments introduce provisions intended to increase the level of internal supervision conducted by market participants involved in the Finnish securities markets.