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  • With less than five months to go before it returns to Chinese control, Hong Kong is enjoying a surge in the property and securities markets as well as in the overall economy. Confidence is running high. Paul Lee reports
  • Two sets of rules came into force in January to provide a legal and regulatory framework for a new collective investment vehicle. Tim Cornick of Macfarlanes, London, looks at the issues
  • Peter Erwe and Peter Waltz of Oppenhoff & Rädler, Frankfurt, report that investment firms from other EU member states can now take advantage of the single passport under the Investment Services Directive in spite of delays in its implementation into German law
  • For the first time, International Financial Law Review has identified the leading firms in the Yankee bond market. Meanwhile, Linklaters continues to dominate the Eurobond market. Richard Forster and Samantha Wigham report
  • Public equity markets are beginning to play an important role in infrastructure finance. Roger Dyer and Ian Harvey-Samuel of Freshfields, Singapore, discuss the guidelines for listing infrastructure project companies in Hong Kong, Singapore, Malaysia and Thailand
  • Proposed legislative changes in Finland will further facilitate the use of mezzanine finance instruments, whose relatively high yields make for an attractive investment option. By Kari Lautjärvi and Jukka Muhonen of Heikki Haapaniemi, Attorneys-at-Law, Helsinki
  • South Africa's largest industrial company and one of the world's top five brewers, South African Breweries, made a US$362 million offering of ADSs into the US and internationally. The offering was conducted under Rule 144A and Regulation S. The lead managers were Robert Fleming and Cazenove & Co.
  • Clifford Chance partner Tim Soutar is returning to London from Hong Kong to bolster the firm's Asian capability in London. He will also assist with the coordination of the firm's global projects group, headed by Rodney Short.
  • Michael Olislaegers and Axel Haelterman of Loeff Claeys Verbeke, Antwerp and Brussels, provide a detailed overview of the structure and functioning of Europe’s new screen-based securities market for growth companies
  • UK fund manager Invesco is buying US competitor AIM Management Group for US$1.6 billion. The deal creates a top five independent fund manager with more than US$150 billion under management.