The first of Iceland’s nationalised banks to be restructured has used an innovative depository unit scheme and tax structuring to meet the demands of its international creditors.
Lawyers have deemed today’s decision by the European Court of Justice to deny in-house counsel the benefit of privilege “counter-productive” and “undermining”
Kazakhstan’s BTA Bank has completed the region’s biggest ever debt restructure thanks to a revolving committed trade finance facility and different creditor classes sitting on an enlarged steering committee
Abolishing the trading book will not solve capitalisation problems, as proposed by the FSA in its discussion paper on the prudential regime for trading activities
