Search results for

The country should reinstate the withholding tax exemption for the country's sovereign debt income. The same treatment for won-denominated corporate bonds would help too

John Breslin It is a basic rule of common law that a court will not uphold a claim founded on an illegal act. This rule is important for internal and external counsel acting for financial service providers to keep in mind. Financial service providers operate in a highly regulated environment. Even exercising all due diligence, and with highly resourced compliance systems, mistakes and errors of judgement occur. Applying the strict common law approach can result in unjust and disproportionate results, particularly in cases of technical breach.

Oene Marseille Emir Nurmansyah In July 2016, Indonesia's president Joko Widowo issued a new regulation clarifying a previously issued presidential regulation which had set a minimum authorised capital amount of IDR 50 million (approximately $4,000) for the establishment of companies.

João Nuno Riquito Bruno Almeida Macau continues to face the challenges resulting from the 26 month-long dip in local casino revenue. However, amid expectations of a recovery, the city's gaming regulator is introducing structural adjustments to the gaming industry. These adjustments aim to encourage the diversification and sustainable development of Macau's economy.

US counsel and industry feel that the regulatory clampdown on banks' use of internal risk models is likely to result in increased capital charges. The regulatory push back against internal models takes different forms. In the US, one such is the supervisory guidance on model risk management, better known as SR 11-7 and released by the Federal Reserve Board (FRB) and the Office of the Comptroller of the Currency (OCC) in 2011. While the guidance applies only to banks in the US, it's becoming a global standard.

Israeli authorities' introduction of the world's first ever corporate anti-concentration law is having a profound effect on the country's M&A landscape.

Final SEC guidance on cross-border SBSs is likely to ease concerns surrounding reporting duties and compliance with the SEC’s Regulation SBSR

The SEC still has some work to do to finalise its framework for SBS dealer registration but firms should set compliance plans in motion

Source of British pride: Bond or schemes?

Investors now need a complete risk profile Sustainability due diligence on IPOs is gaining ground on the traditional disclosure of financial, legal, tax and accounting information. The assessment of environmental, social and governance (ESG) risks and opportunities is now an integral part of the IPO process, according to PwC.