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The ripple effects of the UK’s decision to leave the EU are being felt globally, including in the Channel Islands and the Isle of Man, which are seeing renewed demand for their alternative stock market option

The EU legislation is keeping market participants from New York to New Delhi up at night

It's been a few months of ups and downs for the global financial markets. Brexit and Donald Trump, as well as other government elections and reshuffles in a number of jurisdictions have all played a role in upsetting the stability of the markets.

Panellists at this IFLR event agreed: Mifid II, Priips and other EU legislation focusing on derivatives will give the market more headaches in 2017

Even though M&A deal flow in Africa has remained steady in the past few years, there are still some obstacles to closing a transaction, according to panellists at IFLR’s Africa Forum in London

On May 23 2017, Law 3/17, which amends the law on the prevention of money laundering activities – Law 2/2006 (AML Law) – came into force. (Further details of the objectives and particulars of the amendments can be found in the March 2017 Macau briefing here: www.iflr.com/Article/3664320/Macau-AML-framework-developments.html).

Björn-Axel Dißars David Young A team of six lawyers left Osborne Clarke's German practice to launch a Cologne-based boutique specialising in procurement law, ESCH BAHNER LISCH. The team included partners Oliver Esch and Karsten Lisch, and counsel Hanna Bahner.

The Republic of Panama has signed over 10 tax information exchange agreements (TIEA) with countries such as Canada, Finland, Denmark, the US, and Japan, eight of which are in force. The majority of Panama's signed TIEAs contain an exchange of information clause upon request.

The Central Bank of Ireland (CBI) recently announced that its financial regulatory operations will be restructured to meet the new demands of the regulatory landscape. They will be restructured to comprise two 'pillars' or functions. The first will be prudential regulation covering credit institutions, insurance and reinsurance undertakings and asset management. The second will be financial conduct covering consumer protection, securities, markets supervision and enforcement. There will also be a policy and risk directorate which will support both pillars, but will be part of the financial conduct function for administrative purposes.

Chinese capital markets are heating up A combination of a depreciated Chinese currency and crackdown on speculation on real estate has, among other things, pushed Chinese companies to tap the international high yield bond market. But, when IFLR reported in late April on the influx of PRC issuers – a growing number of whom are local government-owned entities based in third or fourth-tier cities – issuing high yield dollar paper offshore, the country's regulators had not publicly responded to potential default concerns. Only the Shenzhen branch of the National Development and Reform Commission (NDRC) was reported to have required corporates based in Shenzhen raising mid-to-long-term offshore dollar debt to submit credit ratings reports issued by Moody's, S&P or Fitch as supplementary documentary evidence.