Search results for

The government privatisation bucked the regional trend by using both Reg S and Rule 144A offerings

China's new deposit insurance scheme is a first step towards liberalising interest rates and allowing bank resolution. Its introduction is seen by many as a step towards the government allowing financial institutions to fail.

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

Corporate criminal regimes are spreading throughout Europe. The idea that companies can be held criminally liable for actions which, the law deems, are made on their behalf was once a particularity of US law.

Initially foreign investors were optimistic about India's budget proposals, which deferred the General Anti-Avoidance Rules (Gaar) and reduced the corporate tax rate. But a little-noticed exemption means foreign investors could be liable for an 18% minimum alternate tax (MAT) – and it will be applied retroactively.

Municipalities’ path to recovery under the US Bankruptcy Code is just as clear The US Bankruptcy Code is one of the clearest and most respected in the world. Companies facing insolvency try to leverage off any US connection they might have to gain access to it. Corporates' use of Chapter 11 has increased tremendously over the last decade. Foreign companies including Overseas Shipholding Group, CEDC Vodka and Maxcom have all used US assets, subsidiaries or registrations as a means to file bankruptcy under US law. Debtors and creditors typically have more confidence in the outcome when a proceeding is handled in this well tested way.

The city-state’s new antitrust regulator released its revised draft guidelines at the end of March and is expected to begin operating later this year

Market participants have warned about liquidity shortages and market volatility as possible causes of the next so-called black swan event.

Companies will be forced to be more innovative in their funding The Reserve Bank of India's (RBI) recent proposal to further limit banks' exposure to a single corporate and connected parties could prompt companies to tap the local debt capital markets. In a March 27 discussion paper, the regulator proposed capping exposure to connected counterparties at 25% of a financial institution's eligible capital base.

Nicky Lester FRESHFIELDS BRUCKHAUS DERINGER has made inroads in Hong Kong recently, and at Linklaters' expense. The magic circle firm brought in energy partner Thomas Ng from its rival's office in Beijing and also hired partner David Ludwick to its capital markets practice. It's been busy on the private equity front as WHITE & CASE took a further step towards its strategic aim of building a pan-Asian private equity practice by hiring Korean expert Kyungseok Kim. WEIL GOTSHAL & MANGES raided Latham & Watkins for private equity partner Tim Gardner and JONES DAY snatched Scott Peterman from Sidley Austin. Sino-Australian firm KING & WOOD MALLESONS (KWM) made moves to prop up its China practice and integrate it into the global KWM firm. In Hong Kong it brought in the 15-year experience of Herbert Smith Freehills (HSF) corporate partner Gary Lock and also hired Shao Zili – JP Morgan's Asia-Pacific vice chairman – as co-chair of its China management committee.