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  • An analysis of recent corporate scandals reveals the solution to China’s agency problem
  • Global bank reforms – most notably Basel III – have spurred the development of alternatives to traditional bank lending, and in turn, prompted the increasing sophistication of Asia's DCM. With its focus on emerging markets, Standard Chartered has been at the forefront of DCM's evolution in the region.
  • The deal, team and individual nominees for this year's expanded awards
  • Lighthouse had to account for a similar transformation of its underlying collateral BNP Paribas has used a master trust structure to complete the first securitisation backed by commodity trade loans. The $132 million deal known as Lighthouse is the latest example of alternative funding sources being applied to assets traditionally financed by banks.
  • Limited partners’ greater leverage will divide the market in two
  • Christoph Neeracher, Raoul Stocker and Charles Gschwind of Bär & Karrer assess the impact of recent legal and market developments in Switzerland, and future prospects
  • The market practice argument inevitably crops up in any M&A negotiation. But is it actually a useful standard?
  • Sponsored by Slaughter and May
    James Stacey and Angela Taylor of Slaughter and May advise caution when dealing with unilateral jurisdiction clauses
  • Korean banks are generally well capitalised, but it is feared that the implementation of Basel III later this year will rein in their growth.
  • Gözde Kayacik Convertible bonds are a type of bond regulated under the Communiqué Regarding Debt Securities (II-31.1) published in the Official Gazette on June 7 2013, and numbered 28670. This bond has a hybrid nature, which is a combination of an ordinary bond and a warrant. It grants the holder the right to convert the bond into a number of shares in the issuer company either by means of capital increase (contribution), or by converting them into other issuer shares. According to the Communiqué: