IBA: Lessons from restructuring distressed businesses Restructuring troubled divisions must be done in a structured manner to avoid future problems. Here are some tips from recent global cases
CFTC’s 2016 agenda revealed The US regulator's chairman Timothy Massad has listed his priorities for what remains of the year
Investors find new routes to Indian JVs Foreign investors are accessing markets with more favourable tax regimes for joint ventures following changes to India's rules
Euro regulators tussle with risk factors National securities regulators are struggling with issuers’ views on risk factors in the context of the latest draft of the EU's prospectus rules
Shareholder activists wise-up to national nuance Investors are becoming more adept at influencing change within a company. While some jurisdictional changes remain, interests are aligned
IFLR European M&A forum: key takeaways All the highlights from IFLR's second M&A conference in London last month
IFLR Prospectus Rules Forum: key takeaways All the highlights from last week's forum on prospectus rules. From risk factors to KIDs, buyside concerns and more
Fed eases risk assessments for regional banks The US central bank is relaxing the regulatory burden for regional institutions, a move that has raised some practical questions in the market
Korea’s internet-only banks could lose out Political wrangling over the proposed revision of the country’s Banking Act could leave the future of online-only banks hanging in the balance
Over-reliance on stress tests raises legality concerns Concerns have emerged regarding EU stress tests, notably regulators' dependence on them to determine a bank’s financial viability
Inconsistent rules and NPLs hamper India's credit rating A lack of legislative consistency is damaging India's credit rating, with poorly drafted rules and tax treatment of non-Indian investors causing particular concern
DEAL: New Mexico City Airport bond A $2 billion bond to finance the construction of the airport is being hailed as the largest inaugural offering for such a project
EU prospectus rules are too retail-focused Investor protection is important but can’t be achieved at the cost of a liquid, functioning wholesale market
Banks fret over Priips KID compliance Product manufacturers will have to develop advanced technology and produce highly complex documents as well as managing crossovers with other regulations
DEAL: World’s first green masala bond The groundbreaking environmental bond has highlighted the lack of clarity over the full application of the Indian capital gains tax
Channel Islands HY listings divide market Market participants disagree over the need for new and existing high-yield issuers to list outside the EU and avoid its EU’s Market Abuse Regulation requirements
European Commission: Brexit makes CMU urgent Valdis Dombrovskis, vice president of the European Commission, has said that Brexit means pursuing the Capital Markets Union is even more urgent for the EU economy
DEAL: Hinkley Point C The financing structure for Europe’s biggest-ever infrastructure project has changed drastically since negotiations began in 2008
UN cross-border insolvency law revisited Since its adoption in 1997, the Model Law has seen a global uptake. But its lack of prescriptive approach has raised many practical questions
Failure to enforce contracts damages Indian FDI M&A is booming, but the country still ranks 178th on the World Bank's contract enforcement ratings. Local lawyers say this has to improve
DEAL: Petrobras' $5.2 billion pipeline sale The Brazilian state-owned energy company has sold gas pipeline networks to boost credibility with investors and increase competition
DEAL: Moscow City Ring Road section 3 A $2 billion motorway construction concession deal has closed in Russia, the only such project so far for 2016
DEAL: Poland's first international covered bonds PKO Bank Hipoteczny’s €4 billion programme has opened a new market after legislative changes in the country
DEAL: World’s first SDR bond in China The World Bank's inclusion of RMB in its first issuance in the country has raised some questions in the investor community
Brexit-related disclosures on the rise Around 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
DEAL: Blackstone and Arclight AEP acquisition The Blackstone Group and ArcLight are acquiring four Midwest power plants from subsidiaries of American Electric Power for $2.17 billion
China tightens debt-to-equity swap programme The government has moved to prevent banks from being directly involved in swaps, further restricting solutions available to tackle the country's mounting bad debt problem
South Africa looks into UK trust structure The country restricts the use of some UK security law principles but is looking at ways to harmonise its approach to syndicated lending
Fed: blockchain is transformative Federal Reserve Governor Lael Brainard believes distributed ledger technology comes with both risks and opportunities for the financial sector
Clifford Chance triumphs at IFLR’s Middle East awards The firm took home the international firm of the year award along with many others at the event in Dubai last night
Singapore's dual-class structure needs checks The city-state's decision has been welcomed but market participants have recommended safeguards over board composition
Navigating challenging waters India has moved to attract more debt capital but lingering issues mean that investments need careful structuring
Beyond borders Finra’s approval requirement: considerations for non-US acquirers of US broker-dealers
UK AIFs won't be Brexit's big losers The prospect of a so-called hard exit from the EU has the funds market considering who has the most at stake
DEAL: Heta Asset Resolution The Austrian bad bank put new EU resolution rules to the test for the first time
DEAL: First all A$ term loan B financing The deal also breaks new ground as the first A$ TLB governed by Australian law. However, any lasting effect on the national market still remains to be seen
POLL: Identifying single market benefits The city of London is thinking ahead to what post-Brexit Britain will look like, and trying to ascertain which EU principle it would be best to keep to remain at the forefront of the global financial sector
China opens doors to local bond market The country has given access to its credit market to foreign financial institutions, a move it hopes will boost its position on the global scene
The disclosure dilemma The EU’s latest prospectus rules are gathering steam. But uncertainty continues to surround summaries, risk factors and retail denominations
Dual class stocks not always the way forward The strategy of creating two classes of stock with different voting rights attached has been deemed by some as poor corporate governance. The reality is more nuanced
Israel LBOs face practical challenges The market is growing but local limitations are hampering its companies’ ability to provide financial assistance for their own acquisitions
Stressed tests Concerns have emerged regarding EU stress tests, notably the fact that they are being used as the principal and even exclusive tool to determine a bank’s financial viability
Natural resource deal financing needs proper attention Project finance deals involving commodities require constant risk mitigation and management. Good structuring from the outset is key
Mexican insolvency laws critiqued The impact of the 2014 reforms to the country’s outdated bankruptcy framework has been called into question by recent court decisions
Share capital increase mechanisms unpicked Shareholder loans which are converted into equity can be risky for both the funded subsidiary and the shareholders. Turkish law provides one illustration
Social responsibility reporting in the spotlight Environmental, social, and economic development disclosure plays an increasingly important role in a company’s long-term strategy and reputation
