IFLR Search

Cyprus: Client identity checks

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.

September 26 2016

Indonesia: Mandatory tender offer rules

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.

September 26 2016

Macau: Smoke-free casinos

João Nuno Riquito Bruno Almeida The Macau Gaming Enterprises Staff Association recently renewed the debate surrounding the revision of Law 5/2011, which approved the smoking prevention and control bill. The gaming workers' union is pushing for a full smoking ban on casino premises, on the grounds of a lack of sufficient enforcement of the current bill.

September 26 2016

Deal of the month: Poland looks east

The nation is the first European entity to tap the third-largest bond market in the world, setting the benchmark for others to follow

September 26 2016

Europe Middle East and Africa

Guilain Hyppolyte Sonya Paul Ben Davis The Baltics has seen the creation of its latest alliance. Aivar Pilv in Estonia, Fogels Vītols & Paipa in Latvia and Balčiūnas & Grajauskas in Lithuania will rebrand as the LEADELL group of firms, known as Leadell Pilv in Estonia, Leadell Fogels Vitols & Paipa in Latvia and as Leadell Balčiūnas & Grajauskas in Lithuania.

September 26 2016

How Asian OTC clearing regimes compare

In the second part of a three-part series, a senior lawyer at a US investment bank analyses divergent regimes in Hong Kong and Singapore

IFLR Correspondent, September 26 2016

Europe: Not looking forward

The relative lull during the summer while British MPs kicked back in the tropics or, in Prime Minister Theresa May's case, hiked the Alps, had some of the optimists thinking all that Brexit drama had been much ado about nothing. But as of writing in early September, the sharpened pencils of a new term have hardly been blunted and yet the UK has already been served a heavy reality check.

September 26 2016

Americas: Madness

Regulatory headaches Insanity in individuals is rare, but in groups, parties, nations and epochs, it is the rule, according to Nietzsche. Individually we think we're smart: in aggregate we move with the herd. As a quote, it probably does quite well to describe our current economic and financial state of affairs too.

September 26 2016

Regulatory divergence could hamper blockchain

Blockchain linked to troubled times ahead A World Economic Forum (WEF) report has revealed that blockchain could transform financial infrastructure, but lawyers believe regulatory differences may hamper its progress.

Edward Price, September 26 2016

Asia/Pacific

Doo-Soon Choi In Australia, WHITE & CASE opened two new offices in Melbourne and Sydney after raiding Herbert Smith Freehills for an eight-partner team. This includes Asia-based finance head Brendan Quinn, regulatory partner Tim Power, projects partners Andrew Clark, Joanne Draper, Jared Muller, Alan Rosengarten, Josh Sgro and Joel Rennie. Elsewhere independent GILBERT + TOBIN hired partner Justin Mannolini in Perth. He is a former Macquarie Capital investment banker.

September 26 2016

Search results for