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  • The introduction of forward contracts for currency hedging has been met with scepticism by counsel in the country
  • The UK's Financial Conduct Authority has a new chief executive, Andrew Bailey, whose appointment was announced today
  • Small lenders have slammed new Basel proposals that could force them to hold five times as much capital as their bigger competitors. UK and German regulators are on their side
  • Some believe political meddling was the driver. Others say the review's remit was simply too broad
  • Many insurance policies contain clauses that require disputes to be resolved by arbitration, rather than through the courts
  • Transatlantic dialogue on financial services? How open is Europe to American capital?
  • Randall Barquero León In July 2015, the Organisation for Economic Cooperation and Development (the OECD) formally established the path for Costa Rica's accession. The process started in 2013 when the OECD stated that it would consider applications for Colombia and Costa Rica's entry. This was the first time the OECD had announced an expansion since 2007. If admitted, Colombia and Costa Rica would become the third and fourth Latin American members of the OECD, after Chile and Mexico. This has been considered both a vote of confidence for Costa Rica but also a challenge to its capacity to adapt to meet the organisation's standards. These standards include financial regulations.
  • Elias Neocleous Law 144(I) of 2015 amends the Partnerships and Business Names Law (Cap 116) to introduce the concept of partnerships limited by shares (commonly referred to as limited liability partnerships, or LLPs) to the law of Cyprus. LLPs and their equivalents are widely used in other jurisdictions, particularly for investment holding purposes, and their introduction into Cyprus will provide a convenient new vehicle.
  • For US counsel mulling over how corporate equity markets will play out this year, front of mind is the question of whether 2015's disappointing initial public offering (IPO) activity will continue.
  • Only 10% of some 2,500 major listed domestic companies have fully complied with Japan's first corporate governance code, introduced last June, according to counsel in the country.