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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

Both foreign and domestic investors who wish to engage in highly-regulated business in Vietnam must satisfy certain statutory conditions in order to be licensed

Joel Moss, Shearman & Sterling Summer may be around the corner but lateral hires throughout the Americas have not slowed down. One of the most heralded developments came on the west coast as SIDLEY AUSTIN hired Dan Clivner, former head of Simpson Thacher & Bartlett's Los Angeles branch, as co-managing partner of the firm's LA office. Clivner specialises in telecom, media, and retail sector deals, often with a private equity component. On the east coast, GIBSON DUNN & CRUTCHER announced the hiring of partner Victoria Shusterman from Katten Muchin Rosenman. Shusterman has a commercial real-estate finance practice with a focus on banks, investors, Reits, and insurance companies. In another loss for Katten's New York office, GREENBERG TRAURIG brought aboard Anthony Perricone as a shareholder. Perricone specialises in fund formation for a broad client base encompassing investment managers, private fund sponsors and institutional investors.

Victor Chen, Paul Hastings Grant Koch, DLA Piper In Hong Kong, Fried Frank Harris Shriver & Jacobson – which has decided to pull out of Asia – lost corporate specialists Douglas Freeman and Victor Chen to PAUL HASTINGS, and disputes partner Alfred Wu to NORTON ROSE FULBRIGHT. Elsewhere, Thomas Kollar joined the corporate and securities practice at MAYER BROWN JSM from Clifford Chance. On the mainland, SIDLEY AUSTIN brought in a new partner in New York to boost its Chinese M&A practice. Wenseng Pan joined the firm from O'Melveny & Myers where she was of counsel advising on cross-border transactions between US and China in the life science and technology sectors.

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.

China's interpretation of some international conventions as well as its broad state secrecy laws and regulations have constructed a type of firewall around its financial institutions. This has, essentially, rendered them nearly immune from the jurisdiction of other countries' courts and regulatory agencies. That may have short-term benefits – namely avoiding litigation in the US – but could ultimately harm their integration into the global financial system.

Risk and regulatory change have defined private sector dealflow. But sovereign issuance remains buoyant, according to IFLR’s new quarterly Latin America focus

Following a period of public consultations dating back to November 2011, the Brazilian Securities Commission (CVM) issued a new ruling dealing with the professional management and administration of securities portfolios

Most outbound Chinese investment is conducted through complex entities structured to protect onshore parties. Randall Arthur and Shaun Wu of Kobre & Kim explain how to enforce judgments

On May 5 2015 the Swiss Federal Supreme Court (SFSC) decided on a leading case relating to the reclaim of Swiss withholding tax (WHT) on Swiss dividend distributions