The Big Question

How should derivatives be regulated?

Over-the-counter products have earned themselves a poor reputation over the past two years, but new regulation should be careful not to destroy them completely

European securitisation

Time for Euro-Talf

It worked in the US and is needed in Europe. It wasn't the Commission's first priority, but the time is now right for a European Talf to kick start the capital markets

China derivatives

International Chinese standards

The 2009 Nafmii Master Agreement is a synthesis of the best international standards, with Chinese adaptations

UK rights issues webinar

Innovation in the autumn

Although rights issue instructions have slowed, they will return later in the year. And they'll include Pipes, convertibles and strategic investments

US rights offerings webinar

Get equity on the quiet

US companies are turning to the seldom-used rights offer as a quick and easy way to earn equity

Rights offerings and US shareholders

Emerging practice

More European issuers have US shareholders and need their involvement in rights offerings. Three structures have developed in the past year to deal with the legal issues

China IPOs could be locally approved

Interview

We do have a clear plan

Andrew Baker, chief executive officer of Aima, responds to criticism of the body's reaction to the draft Alternative Investment Fund Managers Directive

Asia Restructuring and Insolvency Forum

Investors need protection

Every partner's now an insolvency and restructuring lawyer, or so the joke goes. But this has only fuelled debate about the best tactics to use

India competition law

It all depends on 14 people

Poor drafting in India's competition law will burden an inexperienced commission with creating a workable regime

India outbound acquisitions

Call for reform

India must adopt best regulatory practices followed by China, Japan and the US or it will miss out on outbound deals

Hong Kong PCCW case

Replace the clearing system

The problems with the PCCW scheme show that the Hong Kong clearing system has had its day. And that the courts will take a more active role in future schemes

Italian takeover defences

No passivity or breakthrough

These principles have been removed from the law. But takeover defences may be challenged elsewhere

UK company voluntary arrangements

Be fair, not greedy

JJB's successful CVA has brought this rare procedure into the spotlight, and government reforms could make it easier. But potential copycats will have to be diligent, realistic and fair

Opel won't survive on bridge loan forever

Obama follows Chrysler model with GM

China special: bankruptcy law

You won't get our money again

Offshore investors in China did so without protection, because they had no choice. They are now being burnt in insolvencies. China must fix its investment restrictions, and the practice of its Bankruptcy Law, if it ever wants foreign investment again

Enforcing Russian security

New regime needs tweaks

Good news for foreign creditors, especially for the risk of a security provider going insolvent

US Dip financing

Hedge funds have taken control

Hedge funds and private equity are changing the way debtor-in-possession loans work. Expect more arguments over control clauses and lien facility positioning

Investment funds

The 2009 guide to Mergers & Acquisitions

Turkey

India

The 2009 guide to Litigation

Sweden: No to government guarantees

Japan: New share certificate system

Brazil: Registration of listed companies

China: Taxation: Circular 958

Italy: New banking system rules

Singapore: Securities non-delivery penalties

US: And along came Bernie