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Any UK/EU post-Brexit arrangement would need to be grounded in mutual recognition

The Irish High Court recently ruled on the test for determining whether the transfer of a debt is a 'true sale' or is by way of a charge. It has adopted the market analysis based on English cases which emphasise that the legal form of the transaction adopted by the parties will determine its nature, provided the contract is not a 'sham'. The decision in the Eteams (International) Limited case concerned invoice discounting, but its ramifications are important in the context of 'true sale' opinions in structured and asset finance transactions.

As we approach the 10-year anniversary of it all starting to go south in the global financial markets, UK regulators have decided that now is the time to replace the London Interbank Offered Rate, more commonly (and sometimes even affectionately) known as Libor.

Effective May 25 2018, the existing Data Protection Directive 95/46/EC and the Slovak data protection act will be replaced by the new EU General Data Protection Regulation (GDPR). Although the GDPR will be directly applicable in all EU member states, certain national particularities will remain even after the GDPR comes into force. A new version of the data protection act in Slovakia that accounts for the GDPR is in the process of inter-ministerial consultation and will replace the existing data protection act.

In this digital age, the value of data is increasing exponentially. Digital information is everywhere. It is generated, collected, analysed, stored, shared and sold for personal, business and political use. With such rapid growth, strong data protection rules must be in place to maintain privacy and prevent abuse in the disclosure of personal information. Recent events have also shown a steady surge of data breaches which further highlight the importance of data protection.

Markus Ferber, MEP discusses why he believes the home of this activity, which is central to the stability of the derivatives market, is in the eurozone

Financial institutions in the region are knocking on law firms’ doors to seek advice on how to comply with the research unbundling requirement under the new framework

On June 12 2017, a new regime for the exchange of information with foreign entities on tax matters was published in the Macau Official Gazette – Law 5/2017. Subsequently, on June 28 2017, the Executive Order 211-2017 was gazetted, approving the Common Reporting Standard and Due Diligence Procedures. These rules will now govern the exchange of information by Macau SAR in the carrying out of international agreements and conventions to which it is a party on double taxation and/or on prevention of tax evasion.

Altruism is not a word that appears often in connection with the financial sector. When it comes to the Venezuelan bond market, however, there is a strong argument that it should.

Terra Firma has replaced £4 billion ($5.2 billion) of securitisations issued by portfolio company Annington Homes with a combination of new equity, bonds and bank debt.