Search results for

The lighter side of the past month in the world of financial law

IFLR has been tracking the asset class’s global development since it returned to the market in 2011. This list of news and deal highlights will be regularly updated, to reflect the latest developments

Corporate governance failings could be banks' biggest weakness in future stress tests, new research has revealed.

The use of UK schemes of arrangement (SOA) by foreign-incorporated companies has been boosted by a decision to allow German company APCOA Parking to utilise a scheme despite minimal connection to the country.

A remuneration policy led by non-executives and which is clearly disclosed in the directors' remuneration report is one of five key ingredients to good corporate governance, Barclays' chairman said last month.

Is it possible infrastructure debt funds have too much?

In tandem with high M&A dealflow, US and Canadian law firms aggressively expanded their corporate practices in late April and early May. One of the latest firms to ramp up its private equity practice is MCDERMOTT WILL & EMERY, which lured transactional and fundraising partner Michael Sartor from Ropes & Gray. On the opposite coast, SIDLEY AUSTIN recruited emerging companies and venture capital specialist Sam Zucker as a partner in Palo Alto. Late in April, KIRKLAND & ELLIS announced the opening of a Houston office and its hire of M&A lawyer Andrew Calder from Simpson Thacher & Bartlett, whose private equity clients have included KKR and Blackstone Energy Partners.

Clean Energy Finance Corporation's (CEFC) loan to an Australian wave energy company introduced a new financing structure for projects that are not yet commercialised.

Ekflodia Leskaj The Government of Albania has issued the final version of the draft law on value-added tax (VAT). According to the Minister of Finance, once approved by the Parliament, the new VAT law is expected to enter into force on January 1 2015 and replace the existing law on VAT, as well as all respective regulations. The draft law has been prepared with the support of the EU, setting as its principal aim the harmonisation of legislation on VAT with the acquis communautaire, in compliance with the Stabilisation and Association Agreement. One of the main intentions of the draft law is to remove double VAT taxation for transactions between Albanian and foreign businesses located in any EU member state (according to the destination principle).

Kartick Maheshwari, Khaitan & Co Mabel Lui, Winston & Strawn In Hong Kong, WINSTON & STRAWN hired a four-lawyer team from DLA Piper that included the firm's Asia corporate head Mabel Lui. DLA PIPER is relocating M&A partner Paul Chen from its Silicon Valley office in June to take over Lui's leadership role. Harry Prabawa from Prabawa & Hayya in Jakarta has joined HANAFIAH PONGGAWA & PARTNERS as partner. Prabawa specialises in World Trade Organisation rules and disputes and will head the firm's international trade practice group.