Search results for

Garrett Monaghan In Denmark, DLA PIPER continued its big push in the Nordics with the announcement of a merger with LETT. This move makes DLA the only international firm to have established a presence in all four Nordic nations following its mergers with Finnish outfit Peltonen LMR and Swedish group Grönberg, both in 2016. The team also boosted its Finnish operation this month with the addition of M&A partner Matti Ylä-Mononen from fellow international firm Bird & Bird.

Meredith Mackey Headlining US news has been the relocation of three different teams.

Two major credit rating agencies have downgraded South Africa's debt to junk status, triggering fears of a capital flight and sending borrowing costs spiralling for the continent's most developed nation. More agencies could go down the same route in the next few weeks.

The Irish Court of Appeal has recently confirmed that the sale of a bare right of action to litigate in the Irish courts is invalid under Irish law (SPV Optimal SUS v HSBC Institutional Trust Services (Ireland) (2017)). This may be unwelcome news for particular sectors of the distressed debt market. However, the decision will be welcomed by depositaries, managers and other fund service providers. Further, it is clear that the decision has no impact on the regular market for the transfer of loan portfolios and other debt (for example, as part of collaterised loan obligation deals).

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

On March 3 2017, the bills for amending the Financial Instruments and Exchange Act (the Amendment Bills) were submitted to the Diet. They set out some basic rules surrounding the fair disclosure rule, the introduction of which is in line with an international trend – the US and EU have already introduced similar disclosure rules. The main purpose of the fair disclosure rule is to ensure that when a company provides inside information to a third party before its public disclosure, such information is also provided to other investors.

The presidential election and the case against EU membership have raised questions as to the member state’s options in the event of an exit. But legal obstacles would make the process difficult

China is closing the doors to investment offshore as it tightens the grip on capital flows. Some of its corporates risk being left behind

Technology for technology’s sake won’t help address the current business puzzles financial institutions face, nor will it solve regulatory challenges in the EU

A new avenue has been opened up for Indian issuers to raise rupee-denominated bonds from the international debt capital markets