Over the past few years, the global financial markets have seen record-breaking activity by hedge funds, high-yield investors and private equity in the Asia-Pacific region. Investment and exit opportunities involving equity capital markets issuances (principally in Hong Kong as well as SEC-registered deals) and high-yield debt issuance volumes have surged. Similarly, debt capital markets increased significantly since 2007.

However, in 2012, concerns began to develop surrounding high-yield bonds (and regarding certain structures) issued by Asia-Pacific companies.

Bondholders, stockholders and investors have become increasingly aware of discrepancies between financial statements and true performance. Corporate governance scandals have wiped billions of dollars off the trading values of publicly traded debt and equity involving Asia-Pacific issuers. Accusations of fraud, accounting irregularities and imperfect asset holding structures have been leveled at reverse takeovers (RTOs) and are causing investors to have take a second look at the risk profiles of their Asian investments, especially given issues regarding access to courts and enforcement of judgments in Asia jurisdictions.

Please join us for a 1.5 hour seminar to discuss recent developments and issues concerning bonds issued by Asia-Pacific issuers including:

  • Corporate Governance Scandals: Listed Entities, Fraud and Short Sellers
  • Market Impact: Reverse Takeovers Under the Spotlight
  • VIE Structures: Are They Sustainable?
  • Bond Defaults and Restructurings: Actionable Breaches and Possible Remedies
  • Lessons Learned
 

Date & Time
Tuesday, April 24, 2012
4:00 p.m. – 4:30 p.m. Registration
4:30 p.m. – 6:00 p.m. Program
Drinks reception to follow

Location
Mayer Brown
1675 Broadway
New York, NY 10019-5820