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Elias Neocleous The Law Regulating Companies Providing Administrative Services and Related Matters of 2012 (ASP Law) transposed the provisions of Directive 2005/60/EC into national law and provided Cyprus with an effective regulatory framework. A number of practical issues and uncertainties have emerged since the law took effect. Following discussions between various stakeholders and the regulatory bodies concerned (the Cyprus Securities and Exchange Commission, the Cyprus Bar Association and the Institute of Certified Public Accountants of Cyprus), the Law Regulating Companies Providing Administrative Services and Related Matters (Amendment) was enacted in July 2014 to resolve these issues.

Corporate issuance has exploded this year. But can it become a mainstay of conventional finance?

Carlos Fradique-Méndez Felipe Isaza The Colombian derivatives market has been growing since 2006. According to data provided by the Colombian Central Bank, last year was record-breaking for the over-the-counter (OTC) derivatives market, with $279 billion traded up to September 2013. Last month, the Colombian Superintendence of Finance proposed a new regulation intended to modify certain existing regulations regarding the derivatives industry. The draft was expected to be issued in July and it may have an important impact on the negotiation of these instruments, especially on OTC derivatives.

Julian Traill, Norton Rose Fulbright London saw its fair share of lateral hires over summer, with WILLKIE FARR & GALLAGHER leading the pack. In July the US firm hired Matthew Dean and Claire McDaid from Kirkland & Ellis. The two partners will launch Willkie's private equity practice. Another notable corporate hire in the city saw MORGAN LEWIS & BOCKIUS lure David Ramm from Edwards Wildman. Ramm headed his previous firm's business law department. It's the latest blow for Edwards Wildman, which has suffered a number of recent exits. In other practice areas, project finance partner Julien Bocobza switched Shearman & Sterling for CHADBOURNE & PARKE, equity capital markets partner Daniel Simons moved from Travers Smith to HOGAN LOVELLS, and Pinsent Masons' finance partner Matthew Heaton moved to REED SMITH.

TPG’s acquisition of up to 75% of Union Bank of Colombo is Sri Lanka’s biggest private equity deal. It also signals increasing interest in the south Asian country

Vote now on IFLR's Quick Poll, to be published in the October magazine

Nigeria has become the first African country to issue local bonds in the form of global depository notes. The deal is set to spark further deals from the region

Nominations for the in-house shortlists for the Middle East Awards 2014 have been revealed

A flurry of auto asset-backed securitisation deals has sparked renewed enthusiasm for structured finance in the jurisdiction

The country's corporates are increasingly active in the US high-yield market because their home market has no equivalent