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The article reports that on June 5, 2008, an Ontario Superior Court judge approved an asset-backed commercial paper (ABCP) restructuring plan, and on August 18, the Ontario Court of Appeal rejected an attempt by some noteholders to block the plan. It is said that one of the noteholders still intends to challenge the restructuring before the Supreme Court of Canada, but the chairman of the investors committee said that the plan should be completed by September 30.

This article reports on the investment pool panic in Florida. Cities and counties have used the state's Local Government Investment Pool (LGIP) to magnify returns on their savings. However, in November 2007, investors ran to withdraw money from the pool after learning that a portion of its portfolio is comprised of asset-backed commercial paper supported by subprime home loans. The Florida State Board of Administration (SBA) officials closed the fund to withdrawals and called an outside consultant to repair the damage.

The article reports that the law firms Hogan Lovells and Latham & Watkins LLP have advised Russia's B&N Bank on the establishment of a European commercial paper (ECP) worth 300 million dollars. B&N's first ECP issue on August 1, 2012, comes amidst diverse activities in the Russian market, with the country's Alfa Bank, Gazprombank and Russian Standard Bank considering launching ECPs in 2011.

Highlights the lower credit ratings given by Moody's Investors Services to Dow Chemical's senior unsecured debt in April 2002. Reasons for the lower ratings; Value of Dow's short-term commercial paper outstanding at the start of the second quarter; Losses posted by Dow in the fourth quarter of 2001.

Presents news briefs on the economic conditions in the U.S. as of April 17, 2002. Plan to reinstate Superfund trust fund taxes; Details on Akzo Nobel's anti-depression drug being questioned by the U.S. Food and Drug Administration; Commercial paper issued by BASF since February.