International Financial Law Review

Issue: XXI, 7

http://www.lawmoney.com

Features - Europe

• Aid ruling increases risk for special institution creditors Robin Griffith and Michail Papadakis of Clifford Chance consider Europe's recent compromise on German state aid and its effect on the credit risk of speical institutions  33 - 34
  Papadakis, Michail
  Griffith, Robin

Features - Asia-Pacific

• Technology prospers under China's new rules  49 - 50
  Leigh, Nancy

• How HMV untangled its capital structure  15 - 16
  Cole, James

Features - Americas

• How to structure payment-in-kind notes Payment-in-kind notes have been popular in the US for some time. Now bankers in Europe are keen to add these instruments to their deals. Clifford Atkins and Philippa Dodd of Shearman & Sterling show how  22 - 24
  Atkins, Clifford
  Dodd, Philippa

News Focus

• Financial community fixes gaze on corporate governance  5 - 6
  Hoare, Stephen

Features - Europe

• Eastern promise poses dilemma for Austrian firms Austria has always had closer ties with eastern Europe than many of its fellow EU members. But these links are forcing Austria's law firms to make a difficult choice between east and west  57 - 65
  Evans, Michael

Comment

• Why regulation cannot solve the US energy crisis Politicians are pointing to deregulation of the trading in energy derivatives as the failure behind the California energy crisis. Not true, says Philip McBride Johnson of Skadden Arps Slate Meagher & Flom  17 - 18
  McBride Johnson, Philip

International Briefings

• Canada - Golden parachutes: proxies are not a ripcord Colombia - New Central Bank circular clarifies exchange rules Mexico - Mexico sets new tax rules for non-residents India - Ideas and copyright Japan - Class voting for electing directors  66 - 72
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• Raising tax-free tier I finance without capital dilution  13 - 14
  Guiney, Donald

Features - Asia-Pacific

• Hong Kong's financial institutions face up to equality Hong Kong's securities and futures industry will soon be regulated by a single piece of legislation, designed to level the playing field between financial institutions  51 - 55
  Wong, Jill
  Berry, Simon

News

• - US securities regulator proposes new audit oversight body - China ends office restrictions for foreign firms - Hong Kong regulator gives shareholders more power - Malaysia closes largest public offering  6 - 12
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News Focus

• Jury out on regulation of US energy markets  3 - 4
  Maiden, Ben

Features - Europe

• Regulatory conflicts in German-US tender offers Companies contemplating a German acquisition with US shareholders could face conflicts between German and US tender offer rules.  35 - 38
  Nahr, Christian
• Bear market stalls German revolution Last year's legal reforms promised great things for the German market. Thomas Williams reports from Frankfurt where lawyers are now desperate for a long-expected recovery  39 - 48
  Williams, Thomas

Features - Americas

• Court demands proof of HP-Compaq vote buying A Delaware court has rejected claims of vote buying in the shareholder vote for Hewlett-Packard's merger with Compaq. Meredith Brown and Gary Kubek of Debevoise & Plimpton, New York, examine the decision  25 - 26
  Brown, Meredith
  Kubek, Gary

Features - Europe

• EU judgment ends state protection from takeovers National goverments have long held special rights allowing them to block takeovers of state-favoured companies. But new rulings from the European Court of Justice could make such holdings illegal  27 - 32
  Brophy, Vincent

Cover Story

• SEC forces rethink of earnings disclosure  19 - 21
  Golden, Neil