Corporate©2018 IFLR 201160Corporate Brexit could change century-old UK insolvency ruleThe contentious Gibbs rule could be scrapped when the UK leaves the EU, 21 Feb 2018 08:30:00 GMTAre NPAs and DPAs efficient enforcement tools?Overcoming misguided criticism regarding their level of transparency and punitive character, these tools have proven essential to resolution, 20 Feb 2018 12:45:00 GMTThe UK and the single market: options availableIn the event it leaves the EU without a comprehensive trade agreement, what are the options left to the UK to continue accessing the single market?, 20 Feb 2018 12:30:00 GMTHow to ensure the Cfius process goes smoothlyIFLR asks expert practitioners for their tips to get the committee's approval in today’s increasingly protectionist environment, 16 Feb 2018 09:15:00 GMTHow Cfius is changing the definition of national securityThe committee's theoretical function is to protect national security, not national competitiveness. But these lines are blurring, 07 Feb 2018 14:15:00 GMTRegulators will be tougher on antitrust enforcementThe CMA's Michael Grenfell says the regulator will start looking at some bigger cases post-Brexit, 02 Feb 2018 09:00:00 GMTThe end of investment research as we know itNew unbundling rules and more cost transparency are challenging all players in the sector, 31 Jan 2018 13:15:00 GMTWho wins at Mifid II?Attention has focused on firms suffering under the weight of the directive, but some may nevertheless benefit, 29 Jan 2018 12:00:00 GMTIFLR EU In-House Counsel Summit 2018: highlightsAll the key takeaways from IFLR's January 23 London event in one place, 26 Jan 2018 10:45:00 GMTPRIMER: Hong Kong’s manager in charge regimeThe new framework strengthens senior individual accountability for SFC regulated entities, 25 Jan 2018 09:00:00 GMTNew look SunEdison emerges from chapter 11The process of reorganising the renewables company and the joint marketing and sale process of its yieldcos were a long and drawn out process, 24 Jan 2018 13:15:00 GMTIndia relaxes bankruptcy rulesChanges to insolvency rules could see loan defaulters able to bid in asset buybacks, 22 Jan 2018 16:30:00 GMTUnderstanding the standard of care for broker-dealers and the DOL’s fiduciary rule: a MoFo reportThis exclusive analysis from Morrison & Foerster looks into the rule's past, why it's been subject to so much debate, and what its future could look like, 12 Jan 2018 09:15:00 GMTTech keeps EU data protection rules in checkA need to keep up with technology has increased financial services firms’ costs and created a complex framework to navigate, 11 Jan 2018 17:00:00 GMTUS tax bill to boost M&A activityThe recent reform will free up cash and increase after-tax payouts, which could encourage action across the board, 10 Jan 2018 09:15:00 GMTChina clamps down on briberyA new law has widened the definition of who can be involved in unfair competition, 09 Jan 2018 10:00:00 GMTIFLR Asia Awards 2018: shortlist revealedAll the deals and law firms shortlisted for IFLR's 2018 Asia Awards, which will be held on March 1 in Hong Kong, 08 Jan 2018 12:00:00 GMTNew bill could impact ease of doing business in IndiaSome changes to the corporate law regime have raised more questions than answers, 08 Jan 2018 09:00:00 GMTLong road ahead for Eletrobras privatisationGovernment plans to dispose of much of the Brazilian company are under intense scrutiny with presidential elections looming in October, 05 Jan 2018 09:00:00 GMTShould MAR be scaled back?The Market Abuse Regulation has led to a huge increase in the reporting of suspicious transactions. Is it time to water it down?, 03 Jan 2018 11:00:00 GMTGDPR readiness in the spotlightThe new regulation requires a cultural shift from companies to comply, 20 Dec 2017 09:30:00 GMTNew company law a boon for Myanmar economySignificant changes to corporate rules include an increase in foreign ownership in local companies, 15 Dec 2017 08:00:00 GMTEU and Switzerland discuss Mifid II equivalenceThe Swiss Bankers Association is calling on the government to consider all options if equivalence is not granted for its alternatives to the directive, 13 Dec 2017 12:00:00 GMTSFC, CSRC intensify cooperation on market misconductChina and Hong Kong are strengthening coordination of regulatory enforcement for their capital markets, 13 Dec 2017 11:45:00 GMTDEAL: CVS’ proposed $69 billion acquisition of AetnaThe US pharmacy company has agreed a large breakup fee should the deal fall through, suggesting confidence that it will proceed unscathed, 13 Dec 2017 10:45:00 GMTBrexit effect impacts UK M&AUncertainty around the UK’s future relationship with the EU is believed to have affected M&A activity. Clarity is needed to ensure levels pick up again, 13 Dec 2017 10:00:00 GMTUS ponders complement to Cfius regimeA new bill which could potentially replace the existing regime on foreign investment scrutiny will consider the economic impacts of inbound transactions, 29 Nov 2017 10:30:00 GMTDEAL: Kenya’s largest debt-for-equity restructuringThe country's flagship airline successfully restructured $2.2 billion of debt, as government and lenders took ownership of the lion’s share of the company, 29 Nov 2017 08:45:00 GMTHKEx consults on corporate governance code changesThe proposals zero in on independent non-executive directors and board diversity, 23 Nov 2017 10:30:00 GMTPhilippine Competition Commission steps up enforcementBusinesses are getting ready for a stricter stance as provided in the authority’s procedural rules, 20 Nov 2017 11:00:00 GMTParadise Papers put pressure on local regulatorsThe data breach renews calls for globalised anti-money laundering and fraud standards, 15 Nov 2017 11:00:00 GMTCfius reform bill ‘not comprehensive enough’Observers say that the bipartisan-sponsored overhaul could go further in clarifying rules and do more to avoid throttling economic growth, 14 Nov 2017 13:45:00 GMTAntitrust, security reviews are changing Asia M&ABuyers will have to better manage their transaction risks, as regulators increase their focus on national security, 14 Nov 2017 10:00:00 GMTHR and IP drive Asia post-merger integrationWith a 70% failure rate in M&A, the stakes are high during the transition of a sale in the region. Strategies on human resources and IP protection are crucial, 14 Nov 2017 09:00:00 GMTDEAL: Redx Pharma’s corporate rescueThe firm has become the first UK-listed company to be brought back from administration to trading on AIM, 10 Nov 2017 16:15:00 GMTEuromoney Asia Women in Business Law Awards 2017: winners announcedCongratulations to all the winners of Euromoney's LMG Asia Women in Business Law Awards, 10 Nov 2017 10:00:00 GMTIndian competition body in struggle with appellate tribunalThe lack of clarity over the responsibilities of two competition bodies is impacting legal certainty, 07 Nov 2017 09:30:00 GMTFragmented climate change investment strategy hinders progressMarkets may care about responsible investing but only some companies have made significant inroads, 01 Nov 2017 11:15:00 GMTSEC issues long awaited no-action letter on Mifid IIThe Commission has finally addressed the EU’s impending directive, confirming no-action relief for two and a half years, 27 Oct 2017 17:15:00 GMTNon-GAAP explained: a MoFo reportAs the SEC's focus sharpens on Non-GAAP financial measures, Morrison & Foerster's exclusive report, published with IFLR, explains the issue, 26 Oct 2017 12:00:00 GMTSEC's Clayton: no silver bullet to solve fiduciary conundrumThe regulator said that the DoL’s position and process must be respected when it comes to the fiduciary rule, 26 Oct 2017 09:15:00 GMTChina outbound: prepare for an avalancheThe wave of Chinese outbound M&A into Europe is only the start of the trend, according to market participants from the country, 18 Oct 2017 11:00:00 GMTIFLR Europe Awards 2018 – call for nominationsThe research process has now started for our European awards. Get in touch now, 16 Oct 2017 11:15:00 GMTUncertainty surrounds concerted practiceRegulators and in-house counsel pointed to lingering issues in information disclosure at last week's IBA conference in Sydney, 12 Oct 2017 05:30:00 GMTPRIMER: EU merger control and tech firmsIn this week’s primer, we look at how EU oversight of combinations of tech companies is evolving and why, 05 Oct 2017 13:00:00 GMTEarnouts still divide opinionLike them or loathe them, the controversial tool is on the rise in M&A, 05 Oct 2017 10:00:00 GMTEXCLUSIVE: Gina Miller on BrexitThe businesswoman and transparency activist talks to IFLR on asset management, the Article 50 challenge, and how her life has changed because of it, 04 Oct 2017 12:00:00 GMTNamibian empowerment bill must avoid SA mistakesThe proposed New Equitable Economic Empowerment Bill is similar to a South African act that’s caused problems for its mining sector, 04 Oct 2017 11:00:00 GMTCfius tightens grip over foreign M&AThe intergovernmental agency is increasing its scrutiny of non-US buyers targeting US assets, as national security remains a key priority for the current administration, 04 Oct 2017 08:45:00 GMTWhy SPACs should be European PE’s new favourite toolThey offer considerably more flexibility and certainty over the traditional IPO route, and look set to make a resurgence in volatile times, 29 Sep 2017 10:00:00 GMTEuropean M&A forum: key takeawaysAll the highlight's from IFLR's London event, on September 27: how to structure a merger to mitigate oversight, navigate China's M&A rules, engage shareholders and more, 28 Sep 2017 13:00:00 GMTHow the fiduciary rule is favouring big brokersRespondents to IFLR’s upcoming survey on the rule suggest that it is likely to favour large brokers over their small to mid-sized counterparts, 20 Sep 2017 11:00:00 GMTMifid II: SEC poised to issue no-action reliefTackling the impending EU regulation could be Jay Clayton’s first signature move as chairman, 06 Sep 2017 11:15:00 GMTPrivate UK companies face governance shakeupThe government wants to prevent another BHS-style collapse, but the proposal has disappointed many, 06 Sep 2017 11:00:00 GMTMarket criticises HKEX’s new board conceptHong Kong's plan to relax listing requirements to attract a more diverse pool of companies has not gone down well with investors, 30 Aug 2017 08:15:00 GMTTime to comply: China implements OECD's financial info exchangeLocal financial institutions have started carrying out due diligence on customers’ tax residency as devised by the CRS. But some questions still remain, 24 Aug 2017 12:30:00 GMTYahoo/Verizon: the changing role of MACsTwo cyber breaches allowed the US telco to secure a better purchase price using the clause, 23 Aug 2017 15:45:00 GMTAustralia's cartel crackdown is 'unsatisfying'The regulator opted for a relatively easy target in its first ever criminal prosecution for competition-related offences, 23 Aug 2017 11:00:00 GMTPRIMER: Mifid II & investment researchThe latest instalment of our new primer series explains the current thinking around research unbundling, 18 Aug 2017 07:00:00 GMT2017 Middle East awards: shortlist revealedAll the shortlisted deals, teams, firms and individuals have now been announced, 09 Aug 2017 12:00:00 GMTSEC poses biggest threat to DoL fiduciary ruleThe new framework faces pressure from a number of different directions including the securities regulator and the Trump administration, 08 Aug 2017 17:15:00 GMTDEAL: Premier Oil’s debt restructuringThe UK company recently closed the largest refinancing in the North Sea since oil prices crashed, 08 Aug 2017 09:00:00 GMTKenya cracks down on cartelsNew leniency guidelines show the regulator is expanding upon its enforcement remit, 07 Aug 2017 15:15:00 GMTActivist investors set sights on corporate EuropeThese shareholders' tactics arrived years ago but as stateside companies wise up, their attention is increasingly turning to the continent, 31 Jul 2017 11:00:00 GMTHow to improve BoE fund stress testingThe central bank's research is a first step into determining how asset managers' actions can impact the market. It's unlikely to be the last, 26 Jul 2017 11:00:00 GMTRegulatory ambiguity slows Myanmar FDIThe government has sought to liberalise the domestic market but some of the latest reforms directly contradict old laws, 26 Jul 2017 11:00:00 GMTIFLR/MoFo: fiduciary rule pollThe survey, in association with Morrison & Foerster, seeks broker dealers' views on the fiduciary rule and possible alternatives to the landmark legislation, 19 Jul 2017 18:00:00 GMTMifid II research unbundling to be global normUncertainty surrounding the sweeping new measures is yet to be clarified by EU or third country regulators including the US, 14 Jul 2017 11:30:00 GMTIndonesia under fire for FDI restrictionsWhile the country has been actively working to attract investment, poor policy implementation has made it difficult to take off, 12 Jul 2017 12:00:00 GMTFCA asset management review risks creating conflictsThe industry is questioning the proposal for a minimum of two independent directors, 07 Jul 2017 09:15:00 GMTWhite Collar Crime Forum 2017: key takeawaysHere's a selection of the highlights from IFLR's first white collar forum, hosted in London last month, 29 Jun 2017 09:15:00 GMTUK regulator plans asset management overhaulThe FCA is proposing an all-in fee including trading costs, new governance standards and measures to boost competition, 28 Jun 2017 11:45:00 GMTIndian banks decentivised by insolvency codeThe RBI can force lenders to take action against loan defaulters, but they may be reluctant to do so without provisioning benefits, 28 Jun 2017 10:15:00 GMTEU audit market reform falls short of expectationsOne year down the line the market still hasn't changed, with the larger firms continuing to take the lion's share of the work, 28 Jun 2017 10:00:00 GMTBlue Apron's no-vote shares IPO concerns investorsThe startup’s anticipated public offering could follow in the footsteps of Snap's, concerning investor bodies and lobbyists, 28 Jun 2017 09:15:00 GMTLitigation funding empowers UK shareholdersA change in legislation and the increased availability of funds have prompted a rise in claims against banks and companies, 27 Jun 2017 16:15:00 GMTPRC lags on corporate governanceChinese companies are not up to scratch and foreign regulators often struggle to take action, 14 Jun 2017 11:00:00 GMTFiduciary confusion: compliance is keyInvestment funds must conform to the DoL's rule despite market uncertainty, 14 Jun 2017 09:30:00 GMTBanco Popular restructuring proves EU resolution can workThe troubled lender was the first to test the EU’s resolution rules. It won't be the last, 14 Jun 2017 07:15:00 GMTBrexit delay vexes AIFMD third countriesEsma gave five countries the passport green light a year ago, but it's been radio silence since, 13 Jun 2017 14:15:00 GMTDEAL: Japan/UK all-share offer firstThe intended takeover has broken new ground, as the first all-share offer for a London-listed UK company by a Japanese-listed firm, 09 Jun 2017 11:45:00 GMTAmericas Women in Business Law Awards 2017: winners announcedAll the winning individuals, teams and firms from last week's ceremony in New York, 09 Jun 2017 10:45:00 GMTWhy China needs a bankruptcy codePRC commercial banks are facing serious insolvency risks, with limited options available, 02 Jun 2017 11:45:00 GMTDEAL: Hapag-Lloyd/United Arab Shipping Co mergerThe $14 billion deal may finally kickstart the wave of consolidation the struggling shipping industry needs, 31 May 2017 11:15:00 GMTDistressed M&A could ease Brazilian corruptionRising levels of distressed asset sales could help the country's fight against white collar crime, though some say this is overly optimistic, 31 May 2017 10:45:00 GMTManaging business risk is key to Africa M&AWhile deal flow on the continent is on the up, many transactions and projects still go unsponsored. The insurance market is helping, 31 May 2017 10:45:00 GMTIFLR Africa forum 2017: key takeawaysAll the highlights from last week's briefing in one place, 25 May 2017 16:15:00 GMTSEC to refocus enforcement prioritiesIncoming chairman Jay Clayton is expected to outline a new line of work but no major rollback is expected, 17 May 2017 10:15:00 GMTPhilippines land ownership rules impact FDIWhile it's made inroads in liberalising its economy to attract foreign investment, the country's not quite there yet when it comes to ownership of real estate, 17 May 2017 10:00:00 GMTVietnam’s strict FDI rules prevent bank rescuesThe country's banks need investment but foreign ownership laws and unrealistic valuations mean investors are taking a leap of faith by entering, 12 May 2017 14:00:00 GMTEurope deals of the year: restructuringOur shortlist includes complicated sovereign and sub-sovereign restructurings featuring seamless coordination across multiple borders, 03 May 2017 16:00:00 GMTEurope deals of the year: M&AFor those deals that did close in a difficult environment, heavy lifting went into inventive strategies to secure antitrust clearance or government approval, 03 May 2017 15:00:00 GMTShareholder activism prompts rise in carve-outsThey're also becoming more complicated as countries around the world ramp up their antitrust oversight, 03 May 2017 11:15:00 GMTDEAL: Samsung's $8 billion takeover of HarmanThe deal involved 10 antitrust filings, extensive due diligence, a $240 million break fee and some unhappy shareholders, 03 May 2017 10:00:00 GMTSwedish sovereign fund is political not practicalThe Nordic nation could look to solve two problems with the launch of one fund, but practical issues are in the way, 02 May 2017 16:15:00 GMTAfrica needs creative finance solutionsToo much cash, too few eligible assets is the general consensus among investors. A new approach is needed, 28 Apr 2017 11:45:00 GMTEurope deals of the year: private equityThe market threw up a range of gutsy deals, including novel partnerships between firms and trade acquirers, and drama in the listed funds secondary market, 25 Apr 2017 15:00:00 GMTDEAL: FGB/NBAD mergerThe $29 billion merger of equals creates MENA’s second biggest bank and sets the stage for further consolidation in the sector, 19 Apr 2017 11:00:00 GMTProxy access bylaws face uncertainty in CanadaShareholder-originated motions at two major banks could pave the way for new processes governing director nomination, 19 Apr 2017 11:00:00 GMTPhilippines’ FDI restrictions put off foreign investorsThe country has seen a record inflow of investment, but vast foreign ownership limits have discouraged some from entering, 19 Apr 2017 09:30:00 GMTSEC: Mifid II is a conflict we didn’t createThe regulator remains unable to offer guidance on how the far-reaching EU regulation will affect US firms, 07 Apr 2017 09:30:00 GMTFintech companies must take AML seriouslyStartups in the sector may benefit from lighter touch regulatory oversight but they are still required to conduct appropriate due diligence, 05 Apr 2017 11:30:00 GMTDEAL: KKR’s largest Japanese acquisitionKKR has made its biggest acquisition of a Japanese asset, but multiple regulatory filings delayed the launch of the tender offer, 05 Apr 2017 11:15:00 GMTMarket welcomes end to asset management stress testsThe Dodd-Frank requirement was originally meant for banks and according to lawyers, does not make the industry any safer, 05 Apr 2017 10:30:00 GMTDEAL: Metinvest’s tumultuous $2.3 billion restructureThe process involved a UK scheme, 90% creditor approval and a highly volatile Ukrainian backdrop, 04 Apr 2017 14:30:00 GMTUK/US intervention threatens dealmakingIncreasingly protectionist rhetoric and the possibility of government interference not seen since the 1970s is concerning foreign investors, 04 Apr 2017 14:15:00 GMTPoll: M&A protection mechanismsWhat legal features will grow in popularity in 2017 to offset the challenges facing global M&A? Vote now on the homepage, 28 Mar 2017 11:45:00 GMTUncertainty surrounds Trump’s FCPA approachHe has in the past dismissed it, but lawyers say scrapping the far-reaching legislation is unlikely to be a high priority, 22 Mar 2017 13:45:00 GMTThe Diebold/Wincor Nixdorf merger explainedMary Swann, executive corporate counsel and assistant corporate secretary of Diebold Nixdorf, discusses the seminal 2016 deal, 22 Mar 2017 10:00:00 GMTChinese outbound M&A comes of ageUBS' head of M&A in Hong Kong Samson Lo surveys the landscape for corporates in Southeast Asia, including how Chinese buyers are changing their approach, 22 Mar 2017 09:30:00 GMTWhat Brexit means for M&AJohn Fingleton, CEO of advisory firm Fingleton Associates, examines some of the key trends in the UK M&A market over 2016, 22 Mar 2017 09:00:00 GMTIndependent research providers win at Mifid IIAs both banks and asset managers try to understand the rules, boutique firms are capitalising on the opportunity of a more level playing field, 21 Mar 2017 12:15:00 GMTRegulatory interference renders arbitration a costly affairEnforcing overseas arbitral awards in a local court can be both expensive and futile, according to panellists at IFLR's Asia M&A Forum in Hong Kong last week, 08 Mar 2017 12:00:00 GMTTrulia pushes M&A litigation into federal courtsDelaware’s revamped approach has led to a spike in cases being brought to federal and other state courts, 08 Mar 2017 12:00:00 GMTRegulators restrict distressed investment in AsiaA lack of creditor rights, political backlash and direct policy have all contributed to foreign LPs backing away from such deals, 08 Mar 2017 11:00:00 GMTUtility company takeover sets UK scheme precedentA judge’s decision to disregard shareholder votes cast against the interests of the class reinforces the legal certainty of schemes, 08 Mar 2017 10:30:00 GMTSenior Managers’ Regime teething problems revealedThe UK framework is 12 months old this week, but questions remain over regulatory references and handover certificates, 08 Mar 2017 09:30:00 GMTGIB privatisation further complicated by SDCL challengeThe renewables investor has been put up for sale by the UK government. But the deal has been dogged with difficulties from the start, 06 Mar 2017 08:15:00 GMTAmericas awards shortlist announcedAll the nominees for this year's ceremony are out now. The winners will be revealed on May 18 at the Pierre in New York, 03 Mar 2017 12:00:00 GMTIFLR Asia M&A Forum day one: key takeawaysIn case you missed it, all the highlights from day one of this two-day event in Hong Kong, 02 Mar 2017 10:00:00 GMTIFLR Asia M&A Forum day two: key takeawaysHighlights from day two of last week's event, featuring tech, corruption, strategic exits and more, 02 Mar 2017 09:30:00 GMTKraft Heinz/Unilever shows rise of invisible stakeholderSpeculation surrounds both the reasons behind the failed bid and the populist threats to 2017's mega mergers, 22 Feb 2017 11:30:00 GMTDEAL: Edcon’s $1.5 billion restructuringReorganising the South African retailer’s complex and highly leveraged capital structure put the local legal framework to the test, 22 Feb 2017 11:15:00 GMTTaiwan’s strict FDI rules keep private equity outThe country has made great regulatory and commercial strides to boost outbound M&A, but inward investment remains bogged down by regulation, 22 Feb 2017 11:00:00 GMTEsma’s Ucits share class opinion hits hedgingThe regulator has called for certain arrangements at share class level to be set up as separate funds or sub-funds, 08 Feb 2017 10:15:00 GMTFiduciary duty rule review confuses US retirement sectorThe DoL has been mandated to review the impact of its much-contested provision. The market is baffled, 08 Feb 2017 10:00:00 GMTWhy Snap’s no-vote shares IPO won’t catch onThe decision, a first for a US company, is a deviation from the trend towards better shareholder rights, 08 Feb 2017 10:00:00 GMTUnfair ownership laws hinder Japan’s fintech driveThe country's attempt to compete with Silicon Valley is being complicated by inconsistent legislation for banks and non-financials, 08 Feb 2017 02:45:00 GMTCan English schemes survive Brexit?Their use by non-EU companies will continue, but judgments relating to firms within the bloc and member state courts’ cooperation will create an uncertain future, 07 Feb 2017 14:30:00 GMTMifid II: what next for investment bank research?Various polls of buyside firms show many will bulk up their own research teams when the new rules take effect, 03 Feb 2017 12:00:00 GMTAbengoa restructuring clears final few hurdlesA high-profile example of corporate failure, the Spanish group's insolvency also provides a template for cross-border rescues, 03 Feb 2017 11:45:00 GMTUK merger control will face challenges after BrexitWith exit negotiations only weeks away, questions have already arisen surrounding the antitrust process, 02 Feb 2017 10:45:00 GMTTips for managing counterparty riskPanellists at IFLR’s European In-house Counsel summit shared their secrets in a growing area of concern for corporates, 01 Feb 2017 11:00:00 GMTFSB’s asset management plans mirror AIFMDThe recommendations provide managers with some much-needed relief. If taken on board, it will speed up the equivalence process considerably, 25 Jan 2017 11:00:00 GMTLehman waterfalls break UK precedentThe cases continue to pass through UK courts, creating esoteric precedents on everything from Isda master agreements to currency claims, 25 Jan 2017 10:15:00 GMTDEAL: Chinese Irish wind farm acquisitionChina’s first investment into the new market was complicated by a highly leveraged structure and the projects being at varying stages of completion, 24 Jan 2017 09:15:00 GMTInternational investors capitalise on Japan’s FDI thirstNational corporate governance reforms have forced companies to dispose of non-core assets, which fits nicely with the Abe administration’s goal to boost investment, 16 Jan 2017 12:30:00 GMTHedge funds’ passporting plea ‘wildly optimistic’The industry’s pleas for the UK to negotiate to retain passporting rights post-Brexit has been criticised by market participants as unrealistic, 11 Jan 2017 12:30:00 GMTMifid II research rules befuddle managersWith fewer than 12 months to go, 2017 is the year of Mifid II. But prepping for the industry’s most transformative regulation is a guessing game when firms can’t talk to each other, 11 Jan 2017 10:15:00 GMTFintech deals help banks adaptResearch shows major institutions want to work with startups but on a low commitment basis, 10 Jan 2017 10:00:00 GMTRegulators under scrutiny following CMA legal market studyOverall the findings are as expected, leading some to question the value of such sweeping investigations, 21 Dec 2016 11:00:00 GMTDEAL: UniCredit’s €4 billion investment business saleThe bank’s latest asset sale is just one example of how Italian lenders are trying to improve their balance sheets in the midst of the current banking sector turmoil, 20 Dec 2016 15:00:00 GMTDEAL: Luxembourg’s first EltifThe issuer says it sees appetite among investors, but others are less enthusiastic about the potential scale of the new market, 19 Dec 2016 15:45:00 GMTDEAL: Ajinomoto’s stake in PromasidorThe combination provides the template for a successful Africa exit by a financial investor as multinationals bet on the region’s growing middle class, 16 Dec 2016 15:45:00 GMTUS corporate sector round-upIn case you missed it, here's how Libor, the Fed and more have impacted corporates in 2016, 16 Dec 2016 11:15:00 GMTPOLL: Testing times ahead for EU fundsIFLR's poll this month asks which legislation is set to have the biggest impact on the EU asset management sector, 16 Dec 2016 09:45:00 GMTDEAL: First foreign H-share mandatory general offerA French company's takeover of 50.61% of Hong Kong-listed Tianda Oil Pipe was the first time a foreign shareholder has acquired domestic shares in this manner, 07 Dec 2016 11:30:00 GMTDEAL: Emerson’s $4 billion divestitureThe US electrical component maker's latest division sale is yet another example of the growing trend for global divestitures, 07 Dec 2016 10:15:00 GMTWanted: antitrust continuity under TrumpWhile he regularly moved away from traditional GOP antitrust rhetoric during his campaign, there are hopes the president-elect will choose to follow the established competition ideology, 07 Dec 2016 08:30:00 GMTExclusive: inside the DoJ's antitrust divisionSonia Pfaffenroth, a deputy assistant attorney general at the US Department of Justice's antitrust division, outlines its priorities and offers tips for merging entities looking to comply, 06 Dec 2016 17:15:00 GMTFunds face restructuring ahead of SMRAlthough the initial consultation on the UK’s trailblazing individual accountability regime isn’t due until Q1 of next year, some firms are already starting the preparations, 06 Dec 2016 16:15:00 GMTCMA makes mark with first director disqualificationThe regulator's first director disqualification has been viewed as a sign of things to come as it seeks to grow its enforcement remit, 05 Dec 2016 16:45:00 GMTUK asset management faces shake-upAn FCA report has pinpointed competition, transparency and performance issues in the sector. The proposed solutions could change the way funds are managed for good, 02 Dec 2016 16:00:00 GMTChina’s outbound M&A hit by exchange controlsTightening domestic capital controls have made foreign sellers less confident about PRC buyers' ability to pay for overseas assets, 23 Nov 2016 11:30:00 GMTFrance boosts anti-corruption extraterritorialityThe country's Sapin 2 law rivals the US and UK’s treatment of corrupt practices. International companies could be caught, 23 Nov 2016 11:30:00 GMTEU insolvency reform cautiously welcomedThe Commission hopes to shift to a culture of preventive restructuring as early as possible. It won't be easy, 23 Nov 2016 11:15:00 GMTDEAL: Ladbrokes/Gala Coral mergerThe combination of two of the UK’s biggest bookmakers shows just how central antitrust considerations are becoming to M&A, 23 Nov 2016 09:15:00 GMTTrump: death of the inversion?If public comments on multinationals keeping profits and jobs abroad are acted upon, his election could spell major changes, 22 Nov 2016 20:30:00 GMTHow EU fund regimes compareIn this post-Brexit world, some member states have started to compete for funds' business under AIFMD. But practical challenges remain, 22 Nov 2016 09:45:00 GMTGreece’s out-of-court workout regime faces practical hurdlesThe EU member state is amending part of its para-insolvency framework but the country’s economic situation may prove an obstacle to its successful implementation, 21 Nov 2016 14:00:00 GMTTrump: the M&A effectHis victory will likely dampen M&A activity in the short-term, and boost it in the long. Enduring political and regulatory uncertainty will make 2017 an interesting year, 16 Nov 2016 09:45:00 GMTIFLR Competition Law Forum 2016: key takeawaysIn case you missed it, all the highlights from yesterday's conference in London, 10 Nov 2016 11:00:00 GMTDEAL: AB InBev/SABMiller mergerThe third-largest M&A deal of all time has finally closed after more than a year of negotiations, 10 Nov 2016 10:30:00 GMTEXCLUSIVE: CMA reveals enforcement prioritiesThe regulator’s head of enforcement Michael Grenfell has explained how it’s working to increase its caseload, 10 Nov 2016 09:30:00 GMTChinese cross-border M&A continues attracting scrutinyDalian Wanda's landmark purchase of Dick Clark Productions raises questions as to the regulatory oversight surrounding Chinese outbound deals, 09 Nov 2016 17:45:00 GMTTrump victory signals uncertaintyDonald Trump’s victory in the 2016 presidential election has brought a sense of discontinuity to global markets, 09 Nov 2016 09:00:00 GMTEBA investment funds consultation unpickedThe authority's plans to create a prudential framework for investment firms could finally do away with the ill-fitting Basel Market Risk approach of previous years, 08 Nov 2016 16:45:00 GMTPOLL: what’s driving Chinese M&A?IFLR’s poll this month asks what has been the key factor behind the rise in outbound PRC acquisitions, 04 Nov 2016 10:30:00 GMTTime is right for US reverse morris trustsThe tax-free structure is enjoying popularity in M&A circles as companies seek to reorganise their portfolios, 31 Oct 2016 13:00:00 GMTCommission targets tech in merger control consultationIts latest consultation on further simplifying the merger control framework also highlights its intention to catch high value technology mergers, 26 Oct 2016 12:00:00 GMTAmbivalent state policy hampers Chinese outbound M&AThe government has been struggling to strike a balance between encouraging corporates to buy overseas assets, and containing capital outflow, 26 Oct 2016 10:30:00 GMTUK AIFs won't be Brexit's big losersThe prospect of a so-called hard exit from the EU has the funds market considering who has the most at stake, 21 Oct 2016 09:30:00 GMTBrexit-related disclosures on the riseAround 400 US companies mentioned the referendum result in filings with the SEC in the summer. Lawyers say it's better to be safe than sorry, 17 Oct 2016 07:15:00 GMTDEAL: Blackstone and Arclight AEP acquisitionThe Blackstone Group and ArcLight are acquiring four Midwest power plants from subsidiaries of American Electric Power for $2.17 billion, 14 Oct 2016 21:00:00 GMTDEAL: Moscow City Ring Road section 3A $2 billion motorway construction concession deal has closed in Russia, the only such project so far for 2016, 13 Oct 2016 09:00:00 GMTPOLL: London's single market dilemmaThis month IFLR's poll takes a look at what the UK would need, post-Brexit, to maintain its position on the global financial scene, 12 Oct 2016 11:15:00 GMTHow to boost cross-border fund distributionDomestic rules on top of the EU passport are a barrier, but regulators want to maintain a degree of oversight for investor protection, 12 Oct 2016 09:00:00 GMTDEAL: Petrobras' $5.2 billion pipeline saleThe Brazilian state-owned energy company has sold gas pipeline networks to boost credibility with investors and increase competition, 11 Oct 2016 11:00:00 GMTUN cross-border insolvency law revisitedSince its adoption in 1997, the Model Law has seen a global uptake. But its lack of prescriptive approach has raised many practical questions, 11 Oct 2016 10:30:00 GMTFailure to enforce contracts damages Indian FDIM&A is booming, but the country still ranks 178th on the World Bank's contract enforcement ratings. Local lawyers say this has to improve, 11 Oct 2016 08:45:00 GMTIFLR European M&A forum: key takeawaysAll the highlights from IFLR's second M&A conference in London last month, 30 Sep 2016 13:45:00 GMTShareholder activists wise-up to national nuanceInvestors are becoming more adept at influencing change within a company. While some jurisdictional changes remain, interests are aligned, 30 Sep 2016 12:30:00 GMTInvestors find new routes to Indian JVsForeign investors are accessing markets with more favourable tax regimes for joint ventures following changes to India's rules, 30 Sep 2016 04:00:00 GMTIBA: Lessons from restructuring distressed businessesRestructuring troubled divisions must be done in a structured manner to avoid future problems. Here are some tips from recent global cases, 28 Sep 2016 12:00:00 GMTIndia FDI rules vexing foreign investorsThe country's foreign investment regime is increasingly taking the form of difficult conditions rather than a simple approval requirement, 28 Sep 2016 11:00:00 GMTChilean Dip financing needs pushDespite a solid legal framework, the restructuring tool has barely been used in the country, 28 Sep 2016 09:30:00 GMTEU insolvency harmonisation gathers steamA proposed directive is due at the end of next month, introducing minimum standards across four key areas of insolvency proceedings, 27 Sep 2016 10:45:00 GMTIFLR India M&A forum: key takeawaysIn case you missed it, all the highlights from the conference yesterday in Mumbai, 15 Sep 2016 13:45:00 GMTDissecting Saudi’s first insolvency lawThe kingdom has long been lacking a workable restructuring regime for corporates in distress. It's the latest of a series of economic reforms following the companies' law in May, 15 Sep 2016 09:45:00 GMTDIP financing comes to ColombiaAccess to funding for struggling companies is limited in the country, for both regulatory and commercial reasons. But a recent case suggests the tide may be turning, 14 Sep 2016 09:30:00 GMTChina’s crackdown on illegal PE funds lacks steamThe securities regulator has taken action, but tailored rules are still needed to reduce the risk to the country's financial system, 01 Sep 2016 09:00:00 GMTHow arbitration is moving with the timesAlexis Mourre, president of the International Chamber of Commerce International Court of Arbitration explains how the body continues to modernise, 31 Aug 2016 11:45:00 GMTWhat English court ruling means for SAB Miller/AB InBevThe decision that two groups of shareholders should vote separately has increased deal risk, but is in line with corporate governance principles, 31 Aug 2016 10:45:00 GMTWhy mega deals failData suggest deals valued at $10 billion or more are less likely to close. Market participants consider why that may be, 31 Aug 2016 09:30:00 GMTFoxconn’s landmark Sharp takeover unpickedThe Apple supplier has put the final seal on its $3.8 billion takeover of electronics giant Sharp, balancing multiple stakeholders and antitrust reviews, 26 Aug 2016 09:30:00 GMTChina’s mega real estate consolidation explainedOne of the country’s largest consolidations to date is on track, but cross-border elements have created compliance challenges, 19 Aug 2016 09:00:00 GMTHow to comply with the UK’s new whistleblower rulesThe framework is an attempt to change culture at financial services firms. The requirements should not be underestimated, 17 Aug 2016 10:30:00 GMTThird country AIFMD passport: three unanswered questionsFollowing Esma’s advice on extending the passport to countries outside the EU, the regulatory situation is everything but clear, 17 Aug 2016 10:30:00 GMTCSRC anti-hostile takeover rules are not legally viableChina’s securities regulator has cracked down on suspicious secondary market fundraising for takeover bids, but the new measures clash with the existing ones, 16 Aug 2016 12:00:00 GMTMaking DIP financing work for MexicoThe restructuring tool has been held back due to very little clarity as to how it works and a severe shortage of bank lending, 08 Aug 2016 11:30:00 GMTKaisa’s offshore debt restructure explainedThe Chinese property developer has put its 1.5-year restructuring woes behind it, but unfinished business remains, 03 Aug 2016 12:00:00 GMTIsraeli competition reforms boost M&AThe small country is making history by introducing the first ever anti-concentration law. Private equity houses will reap the benefits, 03 Aug 2016 10:45:00 GMTCfius urged to sharpen focus on Chinese bidsA letter urging the committee to block state-owned ChemChina's acquisition of Syngenta suggests anti-China sentiment in the US business community, 02 Aug 2016 17:45:00 GMTSaudi group's restructuring breakthrough assessedAhmad Hamad Al-Gosaibi & Brothers' deal with its main creditors means the end is a step closer for one of the Middle East’s longest running commercial disputes, 02 Aug 2016 17:30:00 GMTSolving Brazil's corporate restructuring crisisDIP financing has been slow to take off in Brazil. But a high number of companies in distress means a solution is needed, 29 Jul 2016 10:00:00 GMTELTIF model brings new approach to lending in FranceThe country's banking monopoly rules have been further relaxed following the authorisation of a crowdlending platform to launch a European long-term investment fund, 20 Jul 2016 12:00:00 GMTBrexit spells end to merger control’s one-stop-shopDual-track filings are likely to become the norm amid concerns that the UK will take an interventionist approach to M&A, 20 Jul 2016 10:45:00 GMTFund managers celebrate AIFMD adviceEsma’s long-awaited advice on passporting for non-EU countries is good news for many – Britain included, 19 Jul 2016 16:45:00 GMTColombo's Brazilian extrajudicial restructuring unpickedThe reorganisation featured active - and successful - domestic bank involvement. It could be the way forward for the distressed corporate sector, 18 Jul 2016 16:00:00 GMTBrexit further blurs EU insolvency pictureA UK no longer subject to the European Insolvency Regulation would struggle to have its own proceedings recognised in other member states, 06 Jul 2016 12:30:00 GMTBrexit's opportunities for US dealmakers revealedThe weak pound has given overseas buyers a boost. But if the UK goes ahead with its planned 5% corporation tax cut, further inversions are to be expected, 06 Jul 2016 12:15:00 GMTIndonesia's record leveraged buyout explainedEMR Capital and Farallon Capital have faced down unprecedented multijurisdictional regulatory issues in their acquisition of one of the world’s largest gold mines, 05 Jul 2016 11:00:00 GMTUK passporting fears realised on Brexit voteThe UK’s vote to leave the EU will now test financial institutions’ fears over loss of passporting rights, and specifically the likelihood of effective equivalence, 24 Jun 2016 10:30:00 GMTAntitrust and Cfius blamed for US M&A slowdownUS M&A activity in 2016 is showing signs of slowdown from 2015’s record year. Counsel are split over the reasons why, 21 Jun 2016 23:00:00 GMTLegal certainty tested in EU merger controlThe Commission’s recent review of a joint venture involving a Chinese SOE with no presence in the EU shows the regulator won’t take independence arguments at face value, 20 Jun 2016 13:45:00 GMTVietnam investors struggle with arbitral awardsThe country's courts are regularly denying arbitral awards issued overseas, while the process of seeking domestic arbitration is increasingly protracted, 17 Jun 2016 10:45:00 GMTFund managers assess Brexit passport lossThe UK would most likely pursue an equivalent regime. But the interim period could see British managers reliant on NPPRs, which differ wildly between member states, 08 Jun 2016 10:00:00 GMTSEC explores buyside stress testsThe regulator is considering how best to implement Dodd-Frank's insistence on measuring the systemic risk of funds, 08 Jun 2016 01:30:00 GMTForeign lenders struggle for recourse in Indonesian restructuresCounsel say the act of taking security over assets is a near impossibility for offshore lenders. The system is being tested by oil and gas companies amid the commodity rout, 07 Jun 2016 10:45:00 GMTPOLL: Reviving Asia’s PE marketIFLR’s poll asks what will be the biggest driver behind a resurgence of private equity in the region, 06 Jun 2016 13:30:00 GMTSoutheast Asia forum key takeawaysAll the highlights from last week's event at the Fairmont Singapore, with practical tips on capital markets, FDI and dispute management, 06 Jun 2016 12:30:00 GMTCreating an EU framework for loan originating fundsHogan Lovells lawyers assess Esma’s proposal for a harmonised regime, which is limited in scope and sends mixed signals to the market, 02 Jun 2016 11:30:00 GMTFrance legislates against corruptionA new law is viewed by many as long overdue, but the government’s decision to drop DPAs from the final draft has raised questions, 24 May 2016 16:45:00 GMTHK merger rules must broaden scopeCounsel argue that the city’s approach to merger control is too relaxed. They think the rules should apply to all sectors, 24 May 2016 12:00:00 GMTInvestors adjust to limited China enforcement rightsIn light of new foreign direct lending guidelines for Chinese companies, counsel have warned investors to do their homework first, 23 May 2016 12:15:00 GMTHK fund managers grapple with new client ruleLawyers say the scope of the new client agreement regulation is broad and compliance is likely to be cumbersome, 12 May 2016 12:15:00 GMTCreditors fight back against English schemesThe reorganisation tool is also under increased scrutiny by the courts. Extensive preparation will be key going forward, 10 May 2016 18:45:00 GMTAfrican PE misses $29b pension fund opportunityThe burden falls on sponsors to educate and accommodate the managers overseeing the continent’s significant pool retirement savings, 09 May 2016 15:15:00 GMTGrubHub acquires LA Bite in consolidation waveThe $100 million acquisition is a sign the US food delivery industry is becoming more reactive, 06 May 2016 14:30:00 GMTAnti-corruption must move up corporate agendasAs enforcement agencies become more powerful and better at communicating, companies must make the fight against corruption a priority, 27 Apr 2016 11:30:00 GMTPanama Papers to hasten AML cooperationThe Libor and forex scandals have laid the groundwork for quicker and stronger enforcement of the hoard of violations to be exposed by the Panama Papers, 27 Apr 2016 11:30:00 GMTSEC sharpens private equity focusThe US regulator is becoming increasingly sophisticated in its approach to private equity firms, and is set to further expand its remit, 26 Apr 2016 20:45:00 GMTStrict info exchange regime questioned in AsiaHong Kong counsel say clients are especially concerned about the absence of recourse to block exemptions, 25 Apr 2016 16:30:00 GMTLinklaters dominates IFLR’s European awardsThe magic circle firm was named international firm of the year at last week's ceremony at The Savoy in London. Congratulations to all the teams and dealmakers recognised for their work over 2015, 21 Apr 2016 15:30:00 GMTEquity crowdfunding: caveat emptor?The practice is gaining traction in Hong Kong. Professor Syren Johnstone looks at whether the proposed regulatory approach can manage investor risks, 18 Apr 2016 12:45:00 GMTMarket reacts to Pfizer-Allergan blockThe collapse of one of the most high-profile mergers of 2016 has shocked counsel, raising questions as to the future of inversions, 13 Apr 2016 09:30:00 GMTM&A counsel positive about 2016North American M&A activity is lagging behind the pace of 2015, but lawyers remain optimistic about the year ahead, 12 Apr 2016 18:15:00 GMTDoes Europe need value-based antitrust review?It would be another compliance burden for global deals – but possibly a necessary one, as the effectiveness of the turnover threshold is called into question, 12 Apr 2016 16:45:00 GMTReforming Turkey’s energy marketDr Jan Haizmann, a senior business consultant and board member of the European Federation of Energy Traders, assesses the country's energy sector, 12 Apr 2016 15:00:00 GMTFrance diverges on fund lending rulesAs the country takes a slightly different approach to Italy’s recent reform, Europe’s regulatory fragmentation continues, 11 Apr 2016 17:00:00 GMTChina's FTZ deregulation falls shortQuotas for currency convertibility have been set too low for multinationals to engage in any sizeable transactions, 08 Apr 2016 11:00:00 GMTSaudi boosts governance with new lawAfter 50 short years, the Kingdom has a new companies’ law. It will improve shareholder protections and ease the company formation process, 29 Mar 2016 18:45:00 GMTFive questions for CubaThe country’s capital markets may be in their infancy, but there are opportunities for corporates. Understanding the legal framework first is essential, 29 Mar 2016 13:45:00 GMTInfo exchange rife in Asia’s financial hubsPanellists at this month’s Asia M&A Forum said many are ill-informed of the legal liability attached to the practice, 29 Mar 2016 09:15:00 GMTChinese takeovers challenged by CfiusA growing number of outbound Chinese acquisitions are being targeted. It’s unclear whether the country’s buyers are being victimised, 23 Mar 2016 17:00:00 GMTCement appeal stifles EC competition powersLast week’s ruling on limits to the Commission’s information requests provides a boost to companies operating under its demanding antitrust regime, 15 Mar 2016 17:15:00 GMTIndian M&A: what buyers need to knowKotak Investment Banking’s Sourav Mallik talks deal-making in the year ahead, 15 Mar 2016 14:15:00 GMTAfrican Bank restructure sets workout precedentThe deal successfully imported the good bank-bad bank structure to South Africa. But domestic idiosyncrasies and an absence of resolution framework slowed the process, 15 Mar 2016 11:45:00 GMTFDI reforms raise compliance issuesNew rules designed to attract foreign investment have created confusion, particularly in the insurance sector, 14 Mar 2016 11:00:00 GMTItaly’s AIF lending liberalisation dividesEU funds can now lend to Italian corporates – but some say the plans fall short of expectations, 11 Mar 2016 10:00:00 GMTThailand’s outdated insider trading laws spark outragePenalties imposed on the country's 7-Eleven franchise chiefs have led to investor backlash over the antiquated regime and its unclear definitions, 07 Mar 2016 11:30:00 GMTAsia M&A Forum - key takeaways from day twoHighlights from this year's event in Hong Kong, 04 Mar 2016 15:00:00 GMTAsia M&A Forum - key takeaways from day oneHighlights from the IFLR event held in Hong Kong, 02 Mar 2016 12:30:00 GMTCorruption remains Asia’s top concernMore aggressive foreign enforcement of local anti-bribery laws has led to greater compliance among international businesses, 02 Mar 2016 11:45:00 GMTActive managers pre-empt closet tracking inquiryGreater transparency and better market efficiencies have prompted the shift, as it becomes increasingly difficult to outperform benchmarks, 02 Mar 2016 10:45:00 GMTAsia post merger integration comes of ageAcquirers are dedicating more time and resources to the transition phase. But a one-size-fits-all approach won’t work, 02 Mar 2016 08:30:00 GMTMexico's telecom liberalisation continuesAxtel SAB and Alestra have merged operations in a bid to compete in the country's telecommunications market, 01 Mar 2016 22:00:00 GMTNational insolvency regimes must try harderDespite a slew of member state reforms, divergences in approach remain a strain on EU economic growth, 01 Mar 2016 15:15:00 GMTA hedgies’ take on M&A in 2016Mike Winston of Sutton View Capital discusses the importance of intrinsic value investing at this point of the cycle, 29 Feb 2016 11:00:00 GMTPOLL: Will the SMR prevent misconduct?How effective can the UK's incoming Senior Managers' Regime be at preventing reckless behaviour? Vote now, 18 Feb 2016 16:30:00 GMTUAE insolvency framework faces long road aheadThe Gulf state needs a designated restructuring process to boost business. But the pace of legislative reform can be slow, 17 Feb 2016 11:00:00 GMTUkrainian merger control changes comfort and confuseA new regime that aims to shorten the review process has been welcomed, despite the retention of the seller’s assets and turnover in the merger review test, 17 Feb 2016 10:45:00 GMTArgentina makes progress with holdoutsThe Macri government has reached an agreement with some of its hardline US creditors. It's a significant step forward for the troubled Latin American economy, 16 Feb 2016 17:15:00 GMTUS fund managers don’t want passportsThe plan has always been to extend AIFMD passports to third countries, in due course. But another delay has made the market question the merits of the regime, 16 Feb 2016 17:00:00 GMTIndonesia's FDI liberalisation falls shortDespite the removal of 35 business lines from its Negative Investment List, the government's steps towards deregulation will not have the big bang effect it desires, 16 Feb 2016 11:30:00 GMTIFLR’s 2016 European awards: shortlist revealedThe nominations for this year's European awards have been announced. The winners will be revealed on April 21 at London's Savoy Hotel, 16 Feb 2016 10:30:00 GMTIndonesia’s first amended SOA restructureIt took three bankruptcy jurisdictions and 27 schemes of arrangement in Singapore alone to rescue chemical tanker Berlian Laju, 05 Feb 2016 10:45:00 GMTDistressed assets push Canadian M&AThe commodity crunch is driving opportunistic acquisitions and take-privates, 02 Feb 2016 22:15:00 GMTThe true motives behind Chinese merger clearanceA deal that boosts PRC growth may be more likely to receive the stamp of approval, 02 Feb 2016 21:45:00 GMTQatar moves to attract FDIIts financial free zone has opened its doors to more than 17 new industries, and more changes are afoot, 02 Feb 2016 17:15:00 GMTW&I insurance doubts remain despite growthUse of the feature in M&A rose in 2015. But some are unhappy with high costs, poor record of successful claims and regional discrepancies, 01 Feb 2016 14:45:00 GMTCMA caseload nearly doubles since NovemberThe UK’s antitrust watchdog has quietly increased its enforcement effort over the past three months. It creates headaches for SME compliance teams, 29 Jan 2016 17:45:00 GMTEuropean In-House Counsel Summit: key takeawaysHere are the key takeaways from last week's forum in London. Featuring practical tips on M&A, high yield, competition, corporate governance and more, 29 Jan 2016 10:30:00 GMTNew competitors drive PE dry powderHigher demand and fewer deals will dictate deal trends across the region this year, 22 Jan 2016 06:00:00 GMTMega-deal cycle to continue in 2016Counsel in the US believe last year's large-cap M&A trend is not disappearing any time soon, 15 Jan 2016 16:15:00 GMTIndia's first aerospace joint ventureThe country has welcomed its first aerospace joint venture under a revised FDI policy, as it celebrates 25 years of economic liberalisation, 11 Jan 2016 02:15:00 GMTAfrica PE must seize platform strategiesAs fund volumes continue to soar, GPs must pursue new tactics to stop the accumulation of excessive dry powder, 06 Jan 2016 09:45:00 GMTJapan’s corporate gov reforms lack teethOnly 10% of 2,500 mainboard-listed companies have fully complied with the country's first corporate governance code, introduced last June, 05 Jan 2016 13:45:00 GMTNew UK transparency rules enable activistsThe disclosure requirements for unlisted companies stem from a G20 initiative, but the changes could have unintended consequences, 04 Jan 2016 18:00:00 GMTHostile M&A at a crossroadThe structure could rise in 2016, as last year’s mega deals are replaced by consolidations. But increasingly complex antitrust regimes may hamper the tactic, 04 Jan 2016 14:30:00 GMTEU airline FDI caps are ineffective, outdatedThe overhaul of Europe’s struggling airline industry is long overdue, but it faces many hurdles to success, 24 Dec 2015 11:45:00 GMTEurope’s first cyber law will stingThe directive is tipped to create a patchwork of regimes, increasing the ways companies can be caught, 16 Dec 2015 10:30:00 GMTPfizer-Allergan reignites US inversion debateThe controversial megamerger has sparked speculation over US tax authorities' next move to clamp down on the structure, 16 Dec 2015 10:15:00 GMTAIFMD uncertainty lingers over passporting, NPPRsNon-EU fund managers are struggling to navigate both the passporting roadmap under the directive and its private placement workaround, 16 Dec 2015 09:30:00 GMTCanadian Oil Sands' poison pill preempts reformsThe company's extension of its shareholder rights plan to 90 days has been ruled valid. It comes ahead of changes to the country's bidder-friendly takeover regime, 02 Dec 2015 11:00:00 GMTHow to survive a competition investigationAs regulators get creative with identifying anti-competitive behaviour and enforcing the law, all areas of the business must be alert to what constitutes a breach, 01 Dec 2015 18:30:00 GMTPrivate equity brings new tactics to M&AGlobal dealflow is strong, and sellers are becoming more aggressive in their contracts as a result, 01 Dec 2015 17:00:00 GMTWhy Pfizer-Allergan inversion criticism is misplacedThe record-breaking merger has attracted fierce criticism, but the focus should be on US authorities’ deceptive use of guidance, 01 Dec 2015 14:15:00 GMTPoor local enforcement hampers FIE reformChina's government wants to ease restrictions on the investment vehicle. Local counsel say enforcement of the country’s amended Company Law is already lax, 01 Dec 2015 11:00:00 GMTSFO says first DPA will be templateUK white-collar lawyers should study Standard Bank's deferred prosecution agreement regarding Bribery Act offences. Any future DPAs could look very similar, 01 Dec 2015 09:00:00 GMTEC opens Pandora’s Box for competition gripesNational competition authorities have welcomed the Commission’s push to give them more powers. But counsel believe the EU regulator also needs to look at its own processes, 30 Nov 2015 16:30:00 GMTLatAm sees aggressive antitrust enforcementAs the region pushes ahead with new competition laws and tougher practices, corporates around the world must pay attention, 18 Nov 2015 11:15:00 GMTInvestors want to talk about risk, not performanceA report reveals significant discrepancies between the corporate governance issues that boards and shareholders want to discuss, 18 Nov 2015 09:45:00 GMTThe GE-Alstom saga: beginning to endEighteen months after it was agreed, the landmark transaction has closed. Deal counsel have questioned the severity of the EC's investigation, 18 Nov 2015 08:15:00 GMTEuropean boards wise up as activism spreadsCompanies are finally prioritising the implementation of defence plans against activists as volumes look set to break records, 18 Nov 2015 08:00:00 GMTMerger review missing from HK antitrust rewriteCounsel are disappointed that a comprehensive merger regime will not be incorporated into the new competition policy which is tipped to take full effect next month, 16 Nov 2015 13:15:00 GMTThe dos and don’ts of cartel dawn raidsIn-house competition counsel recommend performing mock raids across multiple locations, and managing tensions between defending your rights and the duty to cooperate, 16 Nov 2015 12:00:00 GMTUS M&A sentiment strong despite antitrust concernsThe pipeline is slowing, but counsel remain cautiously optimistic about 2016. Competition concerns are expected to linger until after next year’s Presidential elections though, 03 Nov 2015 22:45:00 GMTHow to build a pan-European insolvency regimeThe only way to agree on a universal framework is by combining the best approaches and creating something new, 03 Nov 2015 18:45:00 GMTPre-pack guidelines could stifle UK rescuesA new guidance note has set out recommendations for improving transparency in pre-pack sales. But it could limit their effectiveness as a way to rescue businesses, 03 Nov 2015 16:30:00 GMTKenya’s corporate overhaul causes confusionSubstantial updates to companies and insolvency laws have bewildered local lawyers, 03 Nov 2015 14:45:00 GMTLong judicial processes hinder Thai debt restructuresCounsel have called for a revamp of the country’s decades-old bankruptcy law to expedite in-court restructures, as authorities grapple with a resurgence of NPLs, 22 Oct 2015 12:15:00 GMTEurope needs foreign shareholder voting solutionThe European Commission’s CMU action plan has been celebrated across sectors. But it lacks one feature which counsel say continues to deter European investment, 21 Oct 2015 00:00:00 GMTInsolvency harmonisation remains a distant illusionPanellists at this month's IBA annual conference in Vienna lament the lack of progress towards a global framework, 21 Oct 2015 00:00:00 GMTLatAm M&A’s new investment profile Falling commodity prices and regional political risk have contributed to a slowdown. Counsel are now asking what the rest of this year will hold, 21 Oct 2015 00:00:00 GMTKorea ETF discrepancies raise liberalisation fears As trading irregularities grow, the FSC must tackle offshore exchange-traded fund manipulation, 15 Oct 2015 00:00:00 GMTHK cartel leniency powers are unclearCounsel in Hong Kong have criticised the lack of clarity on the treatment of subsequent whistleblowers under the city’s first leniency policy, 12 Oct 2015 00:00:00 GMTDisclosure-only settlements challenged by Delaware CourtThe Delaware Court of Chancery is questioning the practice of disclosure-only settlements having issued an opinion that could signal the end of the feature, 06 Oct 2015 00:00:00 GMTUncertainty hampering Japan’s corporate governance codeCounsel in Japan have questioned the country’s corporate governance code, as Prime Minister Shinzo Abe has reiterated his intention to clean up the country’s corporate sector, 06 Oct 2015 00:00:00 GMTMerger control authorities must lead by example New competition regulators are being established all the time. Those already in existence must realise how closely their decisions are being watched, 05 Oct 2015 00:00:00 GMTUS activist tactics penetrate EuropeHedge fund activists are becoming increasingly vocal as they break into the European landscape, 01 Oct 2015 00:00:00 GMTEarnouts are suffering a reputation crisis General counsel have queried the effectiveness of earnout clauses in bridging value gaps in M&A, suggesting more straightforward economic arrangements may be a better solution, 30 Sep 2015 00:00:00 GMTIFLR European M&A Forum highlightsThis inaugural event was held in London on September 29. Here are the key takeaways from the day's panels, 30 Sep 2015 00:00:00 GMTSaudi removes wholesale, retail FDI restrictions The changes are expected next year, and are part of a suite of legislative reforms designed to make the kingdom more attractive to foreign investment, 23 Sep 2015 00:00:00 GMTMyanmar companies have one week to confirm existenceLocal companies have 19 days to notify their existence to DICA. Those that don’t comply could be removed from the register, 07 Sep 2015 00:00:00 GMTManaged products need more transparency Securities research firm Morningstar is proposing that all managed products sold to investors should have increased and equivalent disclosure standards, 02 Sep 2015 00:00:00 GMTPE and VC fund terms convergeVenture capital funds are getting bigger, and their limited partners are demanding more protections. That has pushed VC terms closer to those of buyout funds, 26 Aug 2015 00:00:00 GMTUK Pipes are back – for nowVolatility and a lack of liquidity in Aim-listed stocks has sparked growing interest in private investments in public equity. But deals today may not indicate a long-term trend, 26 Aug 2015 00:00:00 GMTGovernance shake-up for Irish investment firmsThe Central Bank’s recently-closed consultation paper has received a lukewarm response, with some saying it is overly prescriptive, 25 Aug 2015 00:00:00 GMTIFLR Middle East awards 2015: shortlist announcedThe nominees for this year's Middle East awards have been announced. Winners will be announced at the ceremony on October 28 at the Burj Al-Arab in Dubai, 25 Aug 2015 00:00:00 GMTAIFMD passports endanger national PP regimes The introduction of a non-EU passport could remove national private placement regimes as an option for non-EU fund managers looking to market in the region, 12 Aug 2015 00:00:00 GMTEsma’s AIFMD advice disappoints Asia’s fund centresThe European Securities and Markets Authority issued advice on non-EU passporting late last month. Its assessment of Hong Kong and Singapore was not encouraging, 12 Aug 2015 00:00:00 GMTOman close to finalising new takeover codeThe legislation is aimed at bringing the regime into closer alignment with western jurisdictions. But some claim it doesn’t reflect local market conditions, 12 Aug 2015 00:00:00 GMTSEC’s pay ratio rule offers flexibilityThe Securities and Exchange Commission’s final rule for disclosing the pay ratio between CEOs and their median employee gives companies significant leeway in a calculation that some claim offers investors little useful information, 11 Aug 2015 00:00:00 GMTSiemens-Dresser-Rand phase 2 review unnecessaryIt’s one of the first three-to-two mergers to receive unconditional clearance from the EC. But some say it should have come easier, 30 Jul 2015 00:00:00 GMTAstana Finance’s six-year restructure explained The Kazakh firm's $2 billion restructure was complicated by the fact it wasn't a systemically important financial institution when it defaulted in 2009, 29 Jul 2015 00:00:00 GMTFunds will be first to enter IranThe robust Tehran Stock Exchange may be foreign investors’ best option for entering the country, following the anticipated removal of financial and trade sanctions from next year, 29 Jul 2015 00:00:00 GMTIndia backtracks on consolidated investment caps Streamlining separate caps for foreign institutional investors and foreign direct investors will boost the country's financial markets infrastructure. But the rumoured exclusion of the banking sector would negate much the reform's impact, 29 Jul 2015 00:00:00 GMTAOL/Verizon appraisal litigation assessedThe deal closed in just 42 days. It followed 12 months of speculation that the AOL was a prime takeover target, yet the merger has still raised valuation concerns, 28 Jul 2015 00:00:00 GMTTorm adopts English law to access SOAThe Danish shipping company is the latest European corporate to make use of an English scheme of arrangement. The deal clears nearly two-thirds of its debt, 28 Jul 2015 00:00:00 GMTUcits seek new ETF share classReforms have driven Europe's record ETF volumes. And asset managers are now trying to issue exchange-traded share classes from existing Ucits platforms, 28 Jul 2015 00:00:00 GMTDominican Republic passes new insolvency lawA bill approved by the national congress last Tuesday will see the establishment of new bankruptcy courts and a new system for restructures, 27 Jul 2015 00:00:00 GMTCreditors win under Italian bankruptcy reformsParliament is expected to approve the introduction of local schemes of arrangement and competing plans in restructuring proceedings, 14 Jul 2015 00:00:00 GMTKuwaiti banks oppose US-style insolvency lawThe reform could drastically improve the country’s competitiveness as an investment destination. But banks want something better suited to local conditions, 14 Jul 2015 00:00:00 GMTSingapore codifies F&N takeover precedentAmendments to the Takeover Code follow recent UK and Hong Kong changes. They also clarify processes established during the contested takeover of Fraser and Neave, 14 Jul 2015 00:00:00 GMTUAE companies reform fails to deliverThe new legislation lacks clarity and doesn’t address the Gulf state’s hottest corporate topic: foreign direct ownership, 14 Jul 2015 00:00:00 GMTUS M&A is backThe first half of 2015 has seen activity reach highs not seen since 2007. The catalyst is a combination of unique post-crisis trends., 14 Jul 2015 00:00:00 GMTVietnam builds hopes on FDI reformsA flurry of changes to the foreign investment regime is hoped to ease the path for potential market entrants, 14 Jul 2015 00:00:00 GMTChina take-private wave continues despite A-share crashA number of US-listed Chinese companies have announced plans to delist, driven by record highs in the A-share markets and new regulatory initiatives, 13 Jul 2015 00:00:00 GMTM&A needs more human rights diligence Both strategic and financial investors must carry out human rights due diligence to mitigate litigation and reputational risk, 01 Jul 2015 00:00:00 GMTUS rule of law blocks trump ChinaA global survey has revealed that foreign investors are more likely to encounter rule of law issues in the US than China, 01 Jul 2015 00:00:00 GMTRadioShack’s bankruptcy sagaAfter selling its best asset, the electronics retail chain enters liquidation, 30 Jun 2015 00:00:00 GMTWhy funds have shunned general solicitationUS regulators have lifted the ban on general solicitation by funds, but market uncertainty has stalled its use. Marianne Hudson from the Angel Capital Association addresses the leading concerns, 26 Jun 2015 00:00:00 GMTUK’s senior managers regime tipped for global standardThe UK’s new approach to corporate governance has been welcomed by market participants, who expect it to be adopted worldwide, if successful, 19 Jun 2015 00:00:00 GMTISDS and TTIP: why all the fuss? Last week’s delay of the European Parliament’s vote on the US-EU trade pact has created new impetus to debunk myths surrounding its most contentious provision – investor-state dispute settlement, 17 Jun 2015 00:00:00 GMTUK financial competition study receives mixed responseThe Financial Conduct Authority’s terms of reference for its latest market study have been met with a mixed response from market participants, 17 Jun 2015 00:00:00 GMTTroubled Asian companies seek acquisitionsAn AlixPartners survey released this week has revealed that the vast majority of restructuring professionals in the Asia Pacific believe that doing more acquisitions is a successful restructuring strategy, 16 Jun 2015 00:00:00 GMTDoJ plans clearer rules for cooperation creditThe US Department of Justice is looking to distinguish more clearly the benefits of self-reporting fraud versus cooperating after regulators step in, 15 Jun 2015 00:00:00 GMTFCA’s Bethell defends competition market studiesAt an IFLR roundtable, the Financial Conduct Authority’s competition manager has defended the increased depth and frequency of the UK regulator’s market studies, 15 Jun 2015 00:00:00 GMTDelaware improves cross-border arbitration The recently enacted Delaware Rapid Arbitration Act (DRAA) gives companies the ability to select a traditional arbitration process, shortening the time to reach a final decision and cutting costs for both sides, 12 Jun 2015 00:00:00 GMTEC’s say-on-pay proposal is flawedWhile there are problems surrounding executive pay, proposed changes to the EU Shareholder Rights Directive aren't necessarily the solution, 12 Jun 2015 00:00:00 GMTHK/China mutual recognition of funds: what’s needed before July 1In four weeks, applications will open for one of the most important initiatives for opening China’s markets, 05 Jun 2015 00:00:00 GMTGTECH-IGT tests EU Merger DirectiveThe deal that created one of the world’s biggest gaming groups is the first to use the EU Cross-Border Merger Directive, and has drawn the US into Europe’s loyalty-based shares debate., 03 Jun 2015 00:00:00 GMTAfrican PE opportunities to growCarolyn Campbell, managing director at Emerging Capital Partners, discusses how many of these challenges can be overcome with a local insight, 02 Jun 2015 00:00:00 GMTA-share lock-ups hinder PE exitsChina’s onshore IPO market is moving towards a registration-based system. But private equity professionals need reduced lock-ups if they are to exit onshore, 02 Jun 2015 00:00:00 GMTEC tougher than Mofcom on merger clearanceA recent report by Linklaters reveals that merger control enforcement rates are higher in the EU than the US and China, 02 Jun 2015 00:00:00 GMTHow China’s Bocom entered BrazilThe bank’s purchase of Brazil’s Banco BBM will open up new lines of credit for businesses looking to expand in the struggling Latin American economy, 02 Jun 2015 00:00:00 GMTLPs prefer China country fundsLimited partners speaking at an industry conference have expressed a preference of country or sector focussed-general partners, noting their clearer value proposition, 02 Jun 2015 00:00:00 GMTRussia civil code changes diluted by court discretionAmendments took effect this week, introducing reps and warranties, indemnities and options into M&A practice. But meaningful change will have to wait until courts rule on the discretionary features of the changes, 02 Jun 2015 00:00:00 GMTKorea proposes lifting FDI capsThe government is trying to attract more foreign investors by streamlining filing procedures and liberalising restricted sectors, 27 May 2015 00:00:00 GMTChina/HK mutual recognition of funds moves forwardThe CSRC and SFC have reached an agreement on Mainland – Hong Kong mutual recognition of funds, 22 May 2015 00:00:00 GMTDTEK shifts high-yield restructuring options A Ukrainian company’s successful restructuring of its high-yield bonds could further boost UK schemes of arrangement as a viable alternative to the US Chapter 11 process, 20 May 2015 00:00:00 GMTIndia’s insider trading rules send mixed M&A messagesThe country's new regulations came into force on May 15. Their stricter approach will boost market integrity, but may have an adverse effect on deal-making, 20 May 2015 00:00:00 GMTNigerian corporate governance boosted by new code The IFC’s new national code looks to improve on the country’s previous light touch approach to corporate governance, 20 May 2015 00:00:00 GMTFarc negotiations key to Colombian FDIFor the business community, much hinges on the peace talks between the government and guerrilla organisation Farc. Some compare the strategy to that used in M&A negotiations, 19 May 2015 00:00:00 GMTHK bank M&A becomes more sophisticatedThe recent takeover of Standard Chartered’s consumer financing business in Hong Kong and China by an international consortium highlighted increasing interest in the special administrative region’s banks, 19 May 2015 00:00:00 GMTA new option for Aussie loan-to-own dealsFalling commodities prices have prompted a number of restructurings in Australia. And creditors have developed a new mechanism for maximising value of distressed assets, 05 May 2015 00:00:00 GMTDouble voting plans could distort shareholder powerUK and French plans for double voting rights could entrench incumbent management and lead to undue influence for larger shareholders, according to market participants, 05 May 2015 00:00:00 GMTLiability risks jeopardise Petrobras asset saleBuyers interested in business lines and assets being sold by Brazil’s state-run oil company need to beware the corruption liability they may assume, 05 May 2015 00:00:00 GMTPrivate equity risks dry powder in AfricaThere are concerns that African businesses are not ready to absorb the growing volume of private equity (PE) funds dedicated to the continent, 05 May 2015 00:00:00 GMTHow to contract with Indonesian counterpartiesForeign investors face difficulties enforcing contractual obligations in Indonesia. But it’s possible to anticipate many issues at the drafting stage, 30 Apr 2015 00:00:00 GMTBain GC on transparency in a private industrySean Doherty, general counsel at Bain Capital addresses the biggest concerns for the US private equity market, 21 Apr 2015 00:00:00 GMTIndia-focussed funds on the risePrivate equity funds and their investors are sensing opportunities in India, prompting a renewed focus on country-specific funds, 21 Apr 2015 00:00:00 GMTRating agencies' views differ on Kaisa defaultTroubled Chinese property developer Kaisa defaulted this week on its 12.875% notes due 2017 and 8.875% senior notes due 2018. It’s still unclear what this means for bankruptcy in the country, 21 Apr 2015 00:00:00 GMTAllen & Overy wins top award at IFLR’s European ceremonyAllen & Overy was named the international firm of the year at last night's 16th annual IFLR European Awards on April 16, 17 Apr 2015 00:00:00 GMTAmericas Women in Business Law Awards 2015 – shortlist announcedThe shortlist for the fourth annual Euromoney Legal Media Group Americas Wibl Awards has been announced, 16 Apr 2015 00:00:00 GMTHong Kong's competition crack downJones Day's Sébastien Evrard and Robert Thomson analyse the HKCC's revised draft guidelines and the new regulator's role in the market, 16 Apr 2015 00:00:00 GMTChinese companies face US litigation riskChinese companies making acquisitions in the US should expect to face increased litigation risk, according to counsel in both countries, 08 Apr 2015 00:00:00 GMTHow innovation undermined Puerto Rico's bankruptcy law Creditors’ biggest objections to Puerto Rico’s bankruptcy law are likely to be the elements that the drafters thought would be most appealing, 07 Apr 2015 00:00:00 GMTReport reveals global crack down on corporate crimeCorporate criminal liability is proliferating, with a growing number of countries adopting regimes designed to hold companies to account for offences committed by their personnel, 07 Apr 2015 00:00:00 GMTPro-seller M&A structures on the riseSellers 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, 01 Apr 2015 00:00:00 GMTSingapore's CCS blocks merger for first timeOn March 16 the Competition Commission of Singapore provisionally blocked a merger for the first time. Lawyers expect the regulator to become more active in this space, 31 Mar 2015 00:00:00 GMTHK Competition Commission announces launch datesThe Hong Kong Competition Commission will be ready to start operating this year, according to its chairperson Anna Wu, 27 Mar 2015 00:00:00 GMTIndian counsel reveal Bankruptcy Code wishlistThe market has outlined what it wants to see in the final rules of the country's mooted bankruptcy regime, 25 Mar 2015 00:00:00 GMTA discusssion with EC's Esteva MossoThe acting deputy director-general for mergers at the EC’s Directorate-General for Competition discusses key cases and its priorities for 2015, 24 Mar 2015 00:00:00 GMTBeware successor liabilities in LatAmLocal regulators’ and courts’ approach to successor liabilities means distressed M&A opportunities may not be a sweet as they first appear, 24 Mar 2015 00:00:00 GMTComesa Competition Commission's rapid evolutionThe regulator's head of M&A, Willard Mwemba, discusses how the body’s merger review process has evolved since its launch in January 2013, 24 Mar 2015 00:00:00 GMTOnwards and upwards for Indonesian antitrustNawir Messi, chairman of Indonesia’s Commission for the Supervision of Business Competition, spoke with IFLR about its growing role, 24 Mar 2015 00:00:00 GMTChinese buyers focus on JV enforceabilityLawyers at IFLR’s M&A Forum this week explained how joint venture partners in common law jurisdictions can protect themselves, 12 Mar 2015 00:00:00 GMTAsia M&A forum day two: key takeawaysIn case you missed the second day of IFLR’s Asia M&A forum, being held at the JW Marriott in Hong Kong, here are the key takeaways from today’s panels, 11 Mar 2015 00:00:00 GMTAsia M&A needs PR strategyIn Europe and the US, public relations agencies are often an integral part of the M&A process – on both the buyside and sellside. Dealmakers in Asia should look to follow suit, 11 Mar 2015 00:00:00 GMTHow to draft disputes clauses in Asian SPAsTo maximise the enforceability of dispute clauses, special consideration is needed for deals involving Asia’s cross-border businesses, which span national judicial systems at different stages of development and different legal frameworks, 11 Mar 2015 00:00:00 GMTThe evolution of Asia deal protectionsPanellists at IFLR’s Asia M&A Forum agreed that Macs are rarely triggered, despite their popularity, and that protections involving payment are a better option, 11 Mar 2015 00:00:00 GMTAsia M&A forum day one: key takeawaysIn case you missed the first day of IFLR’s Asia M&A forum, being held at the JW Marriott in Hong Kong, here are the key takeaways from today’s panels, 10 Mar 2015 00:00:00 GMTCompanies hit hard by wide net of MAD IIMassive compliance burdens facing corporates under Europe’s incoming market abuse rules negate many benefits of avoiding a main exchange listing, 10 Mar 2015 00:00:00 GMTDraft law benefits Myanmar FDILawyers agree that the second draft of Myanmar’s investment law includes positive developments that will encourage foreign investors to move into the frontier. It is an improvement over the previous regulations, 10 Mar 2015 00:00:00 GMTBuyer power drives Aussie M&A deal protectionsA King & Wood Mallesons survey has revealed that Australia’s private M&A terms remain buyer-friendly despite an increasingly competitive environment, 09 Mar 2015 00:00:00 GMTAussie rules could stymie activist investorsUS activist investors are now moving into Australia. But its strict association rules could be a hurdle to their success, 04 Mar 2015 00:00:00 GMTSingapore budget to spur outbound investmentSingapore’s 2015 budget announced last week included favourable tax policies for M&A and Singapore real-estate investment trusts that encourage outbound investment, 02 Mar 2015 00:00:00 GMTPierluisi: PR needs Chapter 9 access by summerPuerto Rico’s representative in US Congress has told IFLR he is seeking to give the territory access to Chapter 9 of the Bankruptcy Code by the end of June, 26 Feb 2015 00:00:00 GMTBarclays unlocks deal successThe bank’s EMEA head of M&A, Matthew Ponsonby discusses the dealmaking environment for 2015, 24 Feb 2015 00:00:00 GMTPuerto Rico bankruptcy drawn-out without Chapter 9WIthout access to the Bankruptcy Code, the US territory's government-owned utilities face a long and uncertain court restructuring process, 24 Feb 2015 00:00:00 GMTUS M&A: bigger and betterSagent Advisors’ head of M&A discusses the key trends in the US market, and what to expect for the rest of 2015, 24 Feb 2015 00:00:00 GMTAustralia tightens review of agriculture FDINew rules that expand the Foreign Investment Review Board's approval of investments in agriculture follow growing concern that the sector needs more protection, 23 Feb 2015 00:00:00 GMTQuick poll: Europe’s best holdco regimeWhich country has the best onshore holding company regime?, 23 Feb 2015 00:00:00 GMTUK takeover changes to boost transfer schemesThe UK government’s plans to prohibit the use of cancellation schemes on takeovers is expected to lead to an increase in transfer schemes in the country, 23 Feb 2015 00:00:00 GMTTelcos’ pitch to Europe’s antitrust authoritiesExecutives at some of world’s biggest telcos have offered a glimpse of how they plan to obtain merger approval in the highly regulated European sector, 11 Feb 2015 00:00:00 GMTHow EQT bought Siemens’ €2 billion businessEQT’s acquisition of a majority stake in Siemens’ Audiology Solutions is notable for its use of a new-style management participation vehicle and novel warrants, 10 Feb 2015 00:00:00 GMTIFLR’s 2015 European awards: shortlist revealedThe nominations for this year's European awards have been announced. The ceremony will take place in London's Grosvenor House hotel on April 16, 09 Feb 2015 00:00:00 GMTBrazil's hard lessons in public M&AThe combination of telecommunication companies Oi and PT has taught Brazilian investors the downside of public M&A. Local investors have called for more thorough disclosures going forward, 06 Feb 2015 00:00:00 GMTDry powder drives new PE trendsThe growing volume of unspent funds held by private equity firms is driving new strategies and business models, 04 Feb 2015 00:00:00 GMT76% of institutional investors support activismInvestors are supporting the actions of traditional activists as well as using their own tactics, according to a recent global survey, 27 Jan 2015 00:00:00 GMTChina FDI consultation signals structural shift Lawyers agree that Mofcom's recent consultation introduces game-changing reforms that will facilitate foreign investment, 27 Jan 2015 00:00:00 GMTChina PE to go cross-borderLocal private equity funds are increasingly looking at assets outside their home country, with Hony Capital’s acquisition of UK restaurant chain Pizza Express setting an important example, 27 Jan 2015 00:00:00 GMTNew strategies for Chinese private equityPrivate equity in China must innovate beyond exits in the capital markets, according to panellists at a recent industry conference, 27 Jan 2015 00:00:00 GMTPE’s wish list for Indian regulation Investors are increasingly optimistic about India’s investment regime following the election of Prime Minister Narendra Modi in 2014. But while sentiment has improved, burdensome regulations remain, 27 Jan 2015 00:00:00 GMTWhat will drive M&A in 2015Commodity price pressure, divestments in the financial services sector and upcoming UK elections will drive dealmaking this year, 27 Jan 2015 00:00:00 GMTFour crucial tips for managing a crisisRunning mock scenarios is key to developing an effective crisis management strategy within an organisation, according to speakers at IFLR's European In-house Counsel Summit, 26 Jan 2015 00:00:00 GMTQuick poll: board priorities in proxy seasonWith shareholder activism likely to make this proxy season a hot one, IFLR asks what companies should prioritise to best prepare, 22 Jan 2015 00:00:00 GMTRBI exit shift could boost India private equityRecommendations on policies affecting international investor exits could change India’s FDI landscape. Private equity may especially benefit, 21 Jan 2015 00:00:00 GMTKaisa stress: bondholders’ counsel seeks transparencyThe near-default of the Chinese property developer has caused onshore creditors to freeze the company’s assets. Lawyers for offshore bondholders are urging more transparency, 19 Jan 2015 00:00:00 GMTIFLR Asia Awards 2015: shortlist revealedThe nominations for the 2015 IFLR Asia Awards have been announced. The ceremony will be held on March 11 at the JW Marriott in Hong Kong, 12 Jan 2015 00:00:00 GMTThe new era of equity governance in JapanYoshihiro Tanaka of Asuka Corporate Advisory and Yosuke Mitsusada of Asuka Asset Management outline the symptoms of equity governance changes taking place in Japan, 12 Jan 2015 00:00:00 GMTUK takeover shake-up marks new era for biddersChanges to the UK Takeover Code taking effect on January 12 create a strict new regime that requires bidders to think carefully about the promises they make when pursuing a target, 12 Jan 2015 00:00:00 GMTHow receivership saved London’s Gherkin buildingLondon’s iconic building has bid farewell to five years of woe thanks to a multi-jurisdictional receivership and distressed sale, 09 Jan 2015 00:00:00 GMTCanadian reforms to make poison pills redundantThe latest version of a proposal to change the country's shareholder rights regime could render poison pills irrelevant, 21 Dec 2014 00:00:00 GMTNo end to municipalities’ power in ChinaCo bankruptciesOnshore ChinaCo bankruptcies will continue to prioritise social stability and local interests over more esoteric financial concerns such as capital structures, according to a report by Fitch Ratings, 17 Dec 2014 00:00:00 GMTLDK Solar’s ChinaCo restructuring lessonsThe Chinese company's US Bankruptcy Court-approved prepack completed last week. It serves valuable lessons for other ChinaCos looking to restructure offshore debt, 16 Dec 2014 00:00:00 GMTAsiaCos must prepare for whistleblowers A majority of managers at multinational companies in Hong Kong have or would consider whistleblowing, a survey by Freshfields Bruckhaus Deringer has revealed, 15 Dec 2014 00:00:00 GMTPOLL: Which restructuring scheme?As US and UK restructuring regimes battle for supremacy, this month's IFLR poll asks which is the preferred destination for troubled companies, 12 Dec 2014 00:00:00 GMTHow to combat cartelsTiming and discretion are crucial when conducting investigations into potential cartel offences, delegates at this week’s IFLR’s Competition Law Forum were told, 10 Dec 2014 00:00:00 GMTIn-house: how to gain CMA merger approvalCompanies seeking merger approval from the new UK Competition and Markets Authority must prepare for a time-consuming process, with early involvement from competition counsel, 10 Dec 2014 00:00:00 GMTRare Tokyo takeover highlights scheme solutionThe acquisition of a Tokyo-listed UK company required rare regulatory cooperation. It also demonstrated the flexibility of UK schemes of arrangement, 03 Dec 2014 00:00:00 GMTDetroit’s bankruptcy saga comes to endThe biggest US city to declare insolvency will officially exit bankruptcy on December 8. Its use of Chapter 9 of the Bankruptcy Code made the deal similar to both a sovereign and corporate restructure, 02 Dec 2014 00:00:00 GMTEXCLUSIVE: Giuliani opposes corporate criminalityThe former New York mayor and federal prosecutor known for his unflinching approach to law enforcement has criticised the concept of corporate criminality and believes intent should be a necessary element of a crime, 02 Dec 2014 00:00:00 GMTGlobal M&A’s biggest threat revealedEuropean companies competing in the global M&A market believe increasingly tight antitrust regimes are the biggest hurdle facing international dealmakers, according to a new report by Paul Hastings, 28 Nov 2014 00:00:00 GMTAsian managers may hesitate on AIFMD passportingEsma's consultation on passporting under the Alternative Investment Fund Managers Directive may have a limited effect on Asian fund managers, 19 Nov 2014 00:00:00 GMTConcern grows over liquid alt risksThe number of managers who have moved from hedge fund to mutual fund management since the financial crisis is raising concern among regulators about risk management and disclosures, 17 Nov 2014 00:00:00 GMTLessons from Punch Taverns restructureThree years of acrimonious negotiations needed to restructure Punch Taverns could have been shortened if the UK made use of some French insolvency concepts, deal counsel have said, 17 Nov 2014 00:00:00 GMTWhy an EU-US trade partnership matters The Atlantic Council’s Chris Brummer explains why the organisation is a firm supporter of the T-TIP, and how recent political developments are impacting negotiations, 11 Nov 2014 00:00:00 GMTUK Investor Forum: no room for activistsThe new UK Investor Forum will take a targeted and pragmatic approach to collective engagement, with a focus on large companies with a diverse shareholder base. And activists won’t have a seat at the table, 05 Nov 2014 00:00:00 GMT77% European companies expect activism spikeA report commissioned by Schulte Roth & Zabel is the latest evidence that Europe is set for a boom in activist investment, 04 Nov 2014 00:00:00 GMTResearch for IFLR’s European awards beginsSubmission forms and instructions for the 2015 awards process are now available, 04 Nov 2014 00:00:00 GMTFunds target shipping despite restructuresPrivate equity and hedge funds are increasingly looking to shipping investments. But the sector has seen a number of restructurings over the past five years, and the area remains legally challenging, 03 Nov 2014 00:00:00 GMTAIFMD confusion for non-EU fundsNon-EU funds cannot rely on reverse solicitation to build their presence in Europe, explained panellists at this week's IBA annual conference in Tokyo, 22 Oct 2014 00:00:00 GMTEurope’s 4-to-3 merger precedentThe creation of Europe’s second biggest telecommunications company sets a new benchmark for antitrust clearance in the region, and paves the way for more consolidation in this year’s already busy telecom sector, 22 Oct 2014 00:00:00 GMTHK competition guidelines need clarityHong Kong’s Competition Commission released its long-awaited draft guidelines this month. But more details are needed before they can be implemented, 22 Oct 2014 00:00:00 GMTThe thorny issues of conflict managementAll lawyers confront conflicts in their daily practice, but definitional problems complicate the matter further, 22 Oct 2014 00:00:00 GMTAntitrust compliance must be prioritisedMajor corporations are regularly failing to do more than pay lip service to their antitrust compliance programmes, according to panellists at an antitrust session during this week’s International Bar Association annual conference in Tokyo, 21 Oct 2014 00:00:00 GMTAsia’s struggle with CSRCorporate social responsibility is a relatively new concept for most Asian jurisdictions. And because it tends to be governed by domestic regulations and corporate law, approaches across jurisdictions can differ drastically, 21 Oct 2014 00:00:00 GMTDo activists raise shareholder value? There is mounting evidence that shareholder activism is gaining traction across the world. But there is little consensus on whether it is good policy to encourage the behaviour, 21 Oct 2014 00:00:00 GMTMyanmar: worth the riskAs international investors flock to the newly-opened country, companies must not lose sight of the risks of doing business in the frontier market., 21 Oct 2014 00:00:00 GMTFDI transcends Turkey's troublesIlker Ayci, president of Turkey's Investment Support and Promotion Agency and the World Association of Investment Promotion Agencies, discusses the reforms that continue to improve the country's FDI opportunities, 16 Oct 2014 00:00:00 GMTMexico's reversal of fortuneAn ambitious set of reforms could transform Mexico’s investment environment. Former ambassador to the EU and Nafta negotiator Jaime Zabludovsky explains what is needed to capitalise on the changes, 09 Oct 2014 00:00:00 GMTReputational diligence changes PE documentationA recent survey has revealed that an increasing number of private equity firms are using reputational due diligence to achieve better valuations, 08 Oct 2014 00:00:00 GMTBidders’ dilemma under UK Takeover Code changesProposed changes to the rules governing UK public takeovers set out a strict new regime that requires bidders to think carefully about the promises they make during a takeover battle, 07 Oct 2014 00:00:00 GMTVenezuelan debt restructure 'inevitable'Despite continued guarantees that it will make payments on its sovereign bonds in October, experts say a Venezuela default or restructuring process is inevitable., 01 Oct 2014 00:00:00 GMTCarve outs erode Australian Mac protections The effectiveness of material adverse change clauses are being whittled away in Australian public M&A, a recent report has revealed, 25 Sep 2014 00:00:00 GMTCanada’s plan to standardise takeover bidsBoards 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, 23 Sep 2014 00:00:00 GMTCharitable giving shapes Bain/Toms JV structure Bain Capital’s acquisition of 50% of socially-conscious Toms Shoes demonstrates how charitable giving can be built into a corporate structure, 23 Sep 2014 00:00:00 GMTNavigating Indonesia’s language law risks 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, 23 Sep 2014 00:00:00 GMTThe challenge of Australian dual tracksStrong equity markets have prompted sellers to consider parallel exit routes. But as By Herbert Smith Freehills' Philippa Stone and Nick Baker explain, running two deals at once prompts legal challenges, 18 Sep 2014 00:00:00 GMTBarriers to Reit spin-off successWindstream Holdings' spin off of assets into a publicly traded real-estate investment trust marks the US's fourth tax-free Reit spin-off in less than two years. But regulatory burdens could prove problematic for other deals in the pipeline, 10 Sep 2014 00:00:00 GMTSovereign wealth’s new investment tacticsSWFs' push into direct acquisitions and higher-yielding assets is here to stay. It's dictating the shape of private equity firms' buyout groups, 10 Sep 2014 00:00:00 GMTUS cramdown threatens secured lenders A ruling in MPM Silicones’ Chapter 11 proceedings could be detrimental to the amount secured lenders in future reorganisations can expect to be repaid, 09 Sep 2014 00:00:00 GMTAsian W&I insurance gathers steamDespite their popularity in Europe and the US, warranty and indemnity policies have failed to gain traction in Asia – even in riskier emerging jurisdictions, 27 Aug 2014 00:00:00 GMTSouth Africa corporate governance slipsCorporate governance practices in South African have worsened over the past 12 months, according to an annual survey released last week, 27 Aug 2014 00:00:00 GMTWhat Kinder Morgan really means for MLPsThe Houston-based company's decision to abandon the MLP structure that it pioneered has sparked debate about its future, 27 Aug 2014 00:00:00 GMTSri Lanka bank deal sparks PE interestTPG’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, 26 Aug 2014 00:00:00 GMTSuzlon restructuring sets FCCB precedentThe restructure of Suzlon Energy’s foreign currency convertible bonds is the largest in India to date. It also demonstrates that offshore bondholders and onshore lenders can reach a solution together, 26 Aug 2014 00:00:00 GMTUnderweight investors: the worst of both worlds 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, 26 Aug 2014 00:00:00 GMTIndonesia’s offshore PE opportunitiesWalkers' Thomas Granger and Casheen van Halder explain why changes to Cayman Islands’ laws could help boost the Southeast Asian nation's growing private equity sector, 15 Aug 2014 00:00:00 GMTHow Japan’s insider trading regime has changed dealsJapan’s year-old insider trading regulations have caused major changes in both M&A and capital markets transactions according to counsel, 14 Aug 2014 00:00:00 GMTInversion bills spark new closing conditions M&A parties are using new conditions precedent to protect against the effects of anti-inversion laws proposed in the US earlier this year, 12 Aug 2014 00:00:00 GMTDavid Jones scheme clarifies Aus collateral benefitsWoolworths South Africa’s acquisition of 100% shares in the department store has clarified Australia’s collateral benefits regime under schemes, 11 Aug 2014 00:00:00 GMTThe realities of enforcing foreign judgments in NigeriaFestus Onyia and Uzoma Azikiwe of Udo Udoma & Belo-Osagie explain the legal framework that governs enforcement in Nigeria, 07 Aug 2014 00:00:00 GMTCfius subject to new due process requirements George Wang of Haynes and Boone explains how a recent US ruling could improve foreign companies’ procedural rights in having deals approved by the opaque regulator, 29 Jul 2014 00:00:00 GMTGiant Interactive pushes Chinese LBO financingThe sponsor-led leveraged buyout of Giant Interactive highlighted banks’ increasing comfort with borrowers’ underlying credit, 29 Jul 2014 00:00:00 GMTLitigation funders compete for Aussie class actionsThere is renewed interest in Australian class actions following a ruling that found S&P negligent for its rating of poor-performing structured products. More activity is expected as litigation funders and plaintiff law firms find new opportunities in the jurisdiction, 29 Jul 2014 00:00:00 GMTRussia/Yukos ruling shows BITs have teethMonday’s $50 billion ruling against Russia for expropriating the assets of former oil company Yukos is the largest arbitral award in history, 29 Jul 2014 00:00:00 GMTSlim sell-offs sidestep Mexico telecom reformsMexico’s new telecommunications law is intended to curb the influence of the sector’s major players. But its future could still be dictated by how Carlos Slim chooses to downsize his holdings, 29 Jul 2014 00:00:00 GMTIndia’s budget sinks tax clarity expectations Prime Minister Modi's budget announcement wasn’t as bold as expected. But market participants hope the changes were enough new foreign investors’ interest in India, 18 Jul 2014 00:00:00 GMTForeign AIFMs to sidestep private placementThe EU’s major fund centres have made private placement under the incoming AIFMD a non-issue for US and Asian asset managers., 16 Jul 2014 00:00:00 GMTCompetition sparks new PE tactics Increased regulation and competition from traditional limited partners is forcing global private equity firms to use more innovative financing solutions, 15 Jul 2014 00:00:00 GMTIndian FDI in the balanceThe Reserve Bank of India’s relaxation of rules for foreign investment further signals the central bank’s desire to increase outbound investment. But the country still faces challenges in its bid to channel inbound investment, 15 Jul 2014 00:00:00 GMTQuestions under Myanmar’s competition bill Myanmar’s recently released competition bill broadly follows global standards, but counsel are awaiting implementing regulations to assess the country’s merger review regime, 15 Jul 2014 00:00:00 GMTWhy UK Takeover Code changes won't work UK business secretary Vince Cable’s plans to strengthen Britain’s Takeover Code have been described by London partners as ‘posturing’, with any tangible change in approach deemed unlikely, 15 Jul 2014 00:00:00 GMTSanctions’ impact on Russian JVs and M&AAt first glance, restrictions imposed by the EU and US seem somewhat mechanical. But as Linklaters' Dominic Sanders explains, many questions arise when considered in the context of a transaction, 10 Jul 2014 00:00:00 GMTMore detail on UK pre-packs neededRecommendations aimed at cleaning up the negative image of pre-pack administrations have been met with scepticism from key industry participants., 02 Jul 2014 00:00:00 GMTHudbay/Augusta sets Canadian poison pill precedent Hudbay Minerals’ hostile takeover of Augusta Resource Corporation reveals the rapid progression of defensive tactics in Canada, 29 Jun 2014 00:00:00 GMTFears over APAC enforcement contagion risksBoards are prioritising regulatory risks in the Asia Pacific. That focus is likely to increase as Asian regulators enforce their regime more actively, 18 Jun 2014 00:00:00 GMTFederal judge: lessons from US bankruptcyA US bankruptcy judge has shared his insights on the recent evolution of the country’s highly-regarded business reorganisation regime, 18 Jun 2014 00:00:00 GMTTips: when M&A gets hostileAs global M&A volumes continue to rise, the topic of both defending against hostile bids and disputing post-close have become the subject of fierce debate, 18 Jun 2014 00:00:00 GMTCanadian hostile defence options growProposals under review by the Canadian Securities Administrators could expand boards’ tactics when facing hostile takeover bids. Directors’ growing willingness to engage with activists is already helping head off some possible fights, 17 Jun 2014 00:00:00 GMTChina private equity needs new strategiesPrivate equity houses can no longer rely on China’s growth rate for investment success. They must find companies with better business models, 17 Jun 2014 00:00:00 GMTIslamic fund furthers HK hub ambitionsRHB Asset Managementhas introduced Hong Kong’s first Shariah-compliant, actively managed Islamic balanced fund. It marks an important step in the development of the city-state’s Islamic finance market, 17 Jun 2014 00:00:00 GMTLimited partners: PE must diversify exit routesPrivate equity limited partners have called for the return of exits in China, 17 Jun 2014 00:00:00 GMTFCC/DoJ to use Comcast, AT&T deals to set rulesThe Comcast/Time Warner Cable and AT&T/DirecTV deals will benefit from being considered by competition authorities at the same time. And regulators could use the deals to set rules that won't be passed by Congress, 12 Jun 2014 00:00:00 GMTADB helps reform Myanmar’s Companies ActIFLR can reveal how Myanmar’s century-old Companies Act will modernise with the assistance of the Asian Development Bank's technical assistance programme, 03 Jun 2014 00:00:00 GMTIFC to revamp African corporate governanceRoman Zyla, head of the IFC's new African Corporate Governance Programme, reveals an ambitious agenda to improve practices across the continent, 03 Jun 2014 00:00:00 GMT