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  • Some market participants have highlighted the initiative's limitations including that the regulator doesn't have enforcement powers to ensure its application
  • PRC commercial banks are facing serious insolvency risks, with limited options available
  • Funding for the contract to manage the MoD's new Paris HQ now includes a securitisation and better terms for bank debt
  • The market has welcomed the news but highlighted the importance of timing and consistency
  • Japan and South Korea have taken different approaches to the supervision of digital currencies
  • The $14 billion deal may finally kickstart the wave of consolidation the struggling shipping industry needs
  • Rising levels of distressed asset sales could help the country's fight against white collar crime, though some say this is overly optimistic
  • While deal flow on the continent is on the up, many transactions and projects still go unsponsored. The insurance market is helping
  • Paul Boltz Serena Tan Li Chen In Australia, DLA PIPER announced that it would be shutting its office in Canberra as part of a wider strategy to close down less profitable locations. The move follows similar closures in Berlin and Tbilisi, and leaves the firm with four offices across Australia in Brisbane, Melbourne, Perth and Sydney.
  • Following months of a political vacuum at the top of South Korea's political chain, the world's 11th economy has elected a human rights lawyer-turned-politician candidate to head a country increasingly resentful towards the chaebol, or family-owned conglomerates. Moon Jae-in of the Democratic Party of Korea, who served as chief of staff to the late president Roh Moo-hyun, has been widely touted as the first liberal president in South Korea after nine years of conservative rule.