Search results for

Daniel Hayek and Alexander Flink, Prager Dreifuss

Brexit could impact bespoke derivatives trading documentation. And the possibility of dual compliance requirements will further add to transaction costs

The M&A mega deal, valued at $10 billion or more, helped make 2015 a record year. But data from Bloomberg Law – for US targets and US and overseas acquirers – suggest mega deals come with an increased risk of not closing. Over 28% of those deals failed from January 1 2012 to June 30 2015.

Credit enhancement initiatives are restoring investor confidence, and helping boost infrastructure projects

Loan asset holders are faced with risks when a distressed lender can’t meet its funding obligations. But there are ways to mitigate the dangers

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

The risk of public defaults is on the rise, boosted by persistently low interest rates and a distinct lack of fiscal policy. However, the preventative measures and restructuring tools that have been used historically need to improve to avoid disaster

John Breslin The Credit Reporting Act 2013 (the 2013 Act) will establish, for the first time in Ireland, a central credit register operating on a statutory basis. The register will be administered by the Central Bank of Ireland (the CBI). The register will replace the Irish Credit Bureau – a scheme currently operated by banks but which has no statutory basis. The new register will establish a mandatory reporting system. The CBI will use it to collect statistical information about consumer and business credit in Ireland. Establishing the register was one of the requirements of the so-called Troika (the International Monetary Fund, the European Central Bank and the European Commission) when Ireland's bail-out programme began in 2010.

Elias Neocleous In June 2016 the Cyprus Securities and Exchange Commission (CySEC) issued circular 143, which clarifies the effect of recent amendments to article 62 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007. Article 62 sets out the requirements regarding verifying the identity of clients and beneficial owners.

Oene Marseille Emir Nurmansyah The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan, or OJK) is expected to release a circular letter abolishing the mandatory tender offer requirements for participants of the tax amnesty programme that buy or become the controller of more than 50% of the shares of a public company.