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  • The central bank is introducing measures to promote the use of local currency. But new hedging requirements could have unintended consequences
  • 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
  • In its recent press release of May 2 2015, the Central Bank of Republic of Turkey (CBRT) changed its policy of not paying any interest on foreign exchange denominated reserves, which was previously adopted with the Communiqué on the Amendment to the Communiqué on Reserve Requirements
  • A scheme based on the mutual recognition of PRC and Hong Kong funds has recently been announced
  • 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
  • The Bribery Act is of little use while it is still being tested Buyers interested in business lines and assets being sold by Brazil's state-run oil company need to beware the corruption liability they may assume. Indebted oil giant Petrobras is looking to sell assets to shore up its financials and focus on its core business amid bankruptcy concerns and a corruption scandal. For potential buyers though, the liability hangover could cost them more than the deal itself.
  • Nicaraguan Congress recently approved law 899, the Investment Companies Law, which was published in the official Gazette 76 (April 27 2015)
  • On February 18 2015, Qatar issued Law 1 of 2015, amending certain provisions of the Labour Law 14 of 2004
  • The lighter side of the past month in the world of financial law
  • With our economy finally showing clear and consistent signs of recovery, the Spanish legislator has responded to an old demand from entrepreneurs and representatives of some of the most relevant SMEs in the country