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Ignacio Buil Aldana José Luis Lucena During 2014, Spain's Insolvency Act suffered an accelerated shift. This was a response to the economy's need to adapt to unprecedented complex insolvency cases that the former wording of the law was unable to tackle. However, this sudden legal evolution has engendered a general feeling of uncertainty caused by the lack of case law and real life examples. In an attempt to remedy this situation, in late 2014 the commercial justices of Madrid drafted a unified document approving common criteria with which to approach the new Spanish Insolvency Act. In essence, light has been shed upon a number of issues that have been holding back investors from distressed investing opportunities in Spain.

Nicola de Sylva When the Qatar Financial Centre (QFC) was first set up, only firms that provided services to the financial service industries were permitted to be established. That is no longer the case, and QFC licensed entities now serve a wide array of businesses. The permitted activities that can be undertaken in or from the QFC are prescribed by Qatari Law 7 of 2005, as amended (QFC Law) and are known as permitted activities, which include regulated and non-regulated activities.

On January 16 2015, the Federal Department of Finance (FDF) published the revised wording of the Expatriate Ordinance (ExpaV, SR 642.118.3) which will enter into force on January 1 2016. The new ExpaV confirms Switzerland as an attractive place for employees from abroad, due to the higher enforceability of the deductions provided for in the ExpaV. According to the revised ExpaV, the following amendments may be considered the main changes compared to the existing law.

The FSB’s consultation on total loss-absorbing capacity is the last significant piece of post-crisis reform. But there are concerns about how it will work in practice

Market players must tread carefully to capitalise on policymakers’ efforts to revive the regional economy

Here are the key discussion points from this week's IFLR Southeast Asia forum, held in Singapore's Grand Copthorne Waterfront Hotel

Markus Bolsinger Wendy Pan Judah Frogel Penny Zacharias Mario Nigro April witnessed the continuing defection of talent from Pillsbury to WINSTON & STRAWN. Following the moves of 14 partners in March, Peter Morgan, who specialises in structured finance, private equity, and fund formation, made the move to Winston's New York office.

Sellers in European M&A deals took on less risk in 2014 as the region saw a major uplift in M&A deal value, according to a study by CMS Cameron McKenna.

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.

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.