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Recently, the Nigerian Securities and Exchange Commission (SEC) published the new Rules on the demutualisation of the country's securities exchanges, effectively moving away from non-profit member-owned mutual exchanges to investor-owned limited companies

Keepwells are just like love letters, apparently Chinese corporate issuers are now able to guarantee their bonds, but investors have said that regulatory restraints mean support mechanisms remain popular.

A review of rate rigging investigations and fines reveals potential discrepancies in global enforcement

In-house and leading private practitioners gathered in London on May 19 to discuss how to encourage and capitalise on the continent’s growth story. Here are their key messages, and most candid off-the-record quotes

A frican governments, long the targets of institutional investors, development funds and corporates hungry for a piece of their growth story, are fighting back. From Kenya to Nigeria, Ghana to Mozambique, state departments are reversing the procurement process. Foreign counsel should take note.

A recent judgment has reinforced the LMA’s assertion that its documents are only a starting point for loan negotiations

The central bank is introducing measures to promote the use of local currency. But new hedging requirements could have unintended consequences

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

André Figueiredo, PLMJ Jesús Mardomingo, Dentons The clear trend in late April and early May among US firms in the UK and Brussels lateral hire markets was a desire to add competition capacity. MAYER BROWN was one of the first to move, hiring Berwin Leighton Paisner's EU competition head David Harrison to co-head its own team in the area. He had been with BLP for 10 years. Mayer Brown also suffered a loss as GREENBERG TRAURIG MAHER announced its hire of the firm's London head of antitrust and competition Gillian Sproul, who had been with the firm since moving from Dentons in 2005. JONES DAY looked to boost its Brussels team with the addition of Philipp Werner from US rival McDermott Will & Emery. A state aid specialist, Werner acts on EU and German competition law matters.

Last month's ruling in the Federal House Finance Authority's (FHFA) case against Nomura and RBS may mark the beginning of closure for the residential-mortgage backed securities (RMBS) market, after the beating it has taken following the financial crisis. The blows to RMBS were both physical to its value, and emotional to its reputation.