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The US pharmacy company has agreed a large breakup fee should the deal fall through, suggesting confidence that it will proceed unscathed

Uncertainty around the UK’s future relationship with the EU is believed to have affected M&A activity. Clarity is needed to ensure levels pick up again

The commodities trader has financed its inventory using capital markets, in response to tighter capital requirements under Basel III

The CBOE exchange listing has again raised the discussion that cryptocurrencies should be regulated

Dentons' international expansion shows no signs of stopping with the firm launching a new office in Melbourne. The new location will be headed up by Nick Stretch who joins the firm with a team of three other partners.

The corporate tax systems of most European countries contain rules that provide some form of fiscal relief on income from participations. Under these rules, income, gains or losses from participations are often fully or partly disregarded. Switzerland also recognises participation relief in corporate taxation, yet its rules stand in sharp contrast to the ones commonly encountered, as they treat participations a priori as ordinary taxable assets. This provides both opportunities and pitfalls which taxpayers should be aware of.

There have been many large non-performing loan (NPL) sales in Spain, particularly in the past five years. The trigger was undoubtedly the setting up of the Spanish bad bank (Sareb) and the transfer of €51 billion ($61 billion) of impaired assets (loans with mortgage collateral and real estate properties). Since 2012, Sareb has been very active selling NPL portfolios to institutional investors through competitive sale processes and there is still a nine-year period left to sell them all (with more than €39 billion still remaining). More recently, Sareb has launched an online platform so investors can also bid for the NPLs on an individual basis.Borrowers are also becoming increasingly interested in acquiring debt at a discount through funds from alternative providers.

The Philippine supreme court has finalised the validity of Securities and Exchange Commission Memorandum Circular number 8 of 2013 (SEC MC No 8-2013) prescribing the guidelines for compliance with Filipino-foreign ownership requirements in partially-nationalised activities. The supreme court recently dismissed the motion for reconsideration filed by the petitioner in the case of Roy vs Herbosa (Roy), thereby confirming the validity of SEC MC No. 8-2013.

Since the Republic of Panama and the Popular Republic of China (PRC) established a diplomatic relationship back in June, much has been speculated as to the effect that this bilateral understanding will have in the dynamic economy of the Republic of Panama.

The PCC is stepping up enforcement scrutiny