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  • The possibility that Scotland could have voted to leave the UK raised many difficult questions, not least of which was a constitutional crisis in the UK. But the ripple effects of a split would have spread throughout the EU.
  • More than a year after a Jakarta court ruled a loan agreement void because it was not translated into Bahasa Indonesia, lawyers are still uncertain about local language translation requirements
  • A ruling in MPM Silicones' Chapter 11 proceedings could be detrimental to the amount secured lenders in future reorganisations can expect to be repaid.
  • RBI has, once again, changed its mind on temporary write-downs The Reserve Bank of India (RBI)'s amendments to its Basel III guidelines buck global trends on write-downs and on retail investors participating in the regulatory capital market. The amendments, notified on September 1, included several surprising elements. They reintroduce temporary write-downs to the market – after a previous notification said that they would no longer be permitted – and now permit retail investors to buy Basel III-compliant bonds.
  • Investors that own a quantity of stock below its index weight may a pose greater and more immediate threat to companies than growing activism or short sellers, one of the OECD's independent advisers has warned. Underweight shareholders, as they are known, may own a large voting stake in a company like activists, but like a short seller they are hoping for a fall in the stock's value. This, in turn, allows them to raise their performance against a benchmark.
  • There’s just not enough to satisfy regulators
  • The financing of a biomass facility in Scotland has paved the way for greenfield renewable projects to tap the UK capital markets.
  • Boards may get more power to thwart takeover bids if a proposal by the country’s securities administrator is adopted next year. Notice of the proposal was released on September 11, with the full version expected in early 2015
  • Many have touted collective action clauses as the answer to future sovereign debt restructures. But Bazinas Law Firm's George Bazinas and Yiannis Sakkas believe that more fundamental legal doctrines offer a better solution
  • The bank’s latest RMBS deal sidesteps the collateral and cost associated with the usual swap solution