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Last month’s Delaware court ruling could provide boards with a significant tool to defend against activist hedge funds

Gluten-free dieters and dark pool fans have a few things in common Michael Lewis's book Flash Boys has drawn criticism from traders, brokers, banks, lawyers and exchanges about the accuracy of the picture it paints. A joke repeated at conferences and in conversation is that if Flash Boys can't be found in non-fiction section, you should try the best sellers shelf. The most widespread criticism of the book, which looks into the growth and effect of high-frequency trading (HFT) in the US, is that it is full of inaccuracies. But many also say that what Lewis reveals - which is true - isn't news. Everyone, they claim, is aware that time is money, dark pools create issues for transparent markets, and maker-taker can be problematic.

Regulatory scrutiny has increased FCPA risks for private equity and hedge funds in their dealings with sovereign wealth funds. Sidley Austin's Robert Keeling, Ike Adams and John Lupton explain why

The region’s regulators are proving indecisive on FDI reforms, but forging ahead with new technologies like cloud computing

Anna Cristina Valdes In 2010, the Republic of Panama added to its Tax Code a new chapter regarding the adequacy of double tax conventions for the avoidance of double taxation. The arm's length principle was defined, as well as the term related parties, and the scope of application of transfer pricing in the Republic of Panama. Operations realised by Panamanian tax-payers with related parties will be valued according to the arm's length principle. In other words, ordinary as well as extraordinary income, costs and necessary deductions to realise operations should be determined based on the price and amount agreed by independent parties under similar circumstances.

Clean Energy Finance Corporation's (CEFC) loan to an Australian wave energy company introduced a new financing structure for projects that are not yet commercialised.

The Santiago Stock Exchange and Toronto Stock Exchange Venture's (TSXV) planned junior market in Chile could allow companies to seamlessly dual list on both bourses.

A remuneration policy led by non-executives and which is clearly disclosed in the directors' remuneration report is one of five key ingredients to good corporate governance, Barclays' chairman said last month.

Corporate governance failings could be banks' biggest weakness in future stress tests, new research has revealed.

Poor old Esma. Tasked with implementing the Markets in Financial Instruments Directive II (Mifid II) and poised to announce its level one consultation, the regulator is increasingly being made aware of its shortcomings.