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Portability is proving just as difficult to holdback

Mary Anne Mason,

Matthieu Grollemund, Dechert Bernhard Gemmel, Bird & Bird One of Europe's biggest stories of the month was the hire by Romanian firm TUCA ZBARCEA & ASOCIATII of Musat & Asociatii co-managing partner Catalin Baiculescu. The move is surprising given Baiculescu spent 15 years at his former firm, and considering high-level partner hires in Romania are rare. In Italy the big news was WHITE & CASE'S further expansion of its debt capital markets offering with the hires of partner Paola Leocani, counsel Elena Radicella Chiaramonte, and their team from Allen & Overy. Since reopening its office in 2011, the firm has been making headway in the capital markets area having already picked up notable mandates including from the Italian state. The US firm was also active in Brussels, hiring Linklaters counsel Matthieu Duplat.

The Winklevoss twins' attempt to transition from Facebook litigants to Bitcoin entrepreneurs this month was largely derided. While it's hard to imagine US regulators will ever approve the brothers' proposed Winklevoss Bitcoin Trust initial public offering, the fact such a product has even been suggested points to a development much harder to ignore: Bitcoin's assimilation into the mainstream.

What exactly is the EC’s LTIF programme aiming for?

The Impact Exchange was launched on June 14. As the first platform solely for social enterprises to raise capital, it represents a new opportunity for impact investors.

There's an increasing focus on shadow banking risks in China following a cash crunch that began in June. Although the entire financial sector has been affected, mid-tier banks are especially vulnerable.

Two sovereign debt experts take opposing sides of the debate

The latest regulation approved by the Monetary Board of Guatemala is contained in its resolution JM-43-2013. It provides for new rules in order to perform activities in Guatemala by banking or financial offshore entities, in the process eliminating the previous rules provided for in resolution JM-285-2002. The new regulation was prepared by the Superintendency of Banks, and proposed to the highest ranking authority in the financial system of the country. It became effective on April 19 2013, as a consequence of some important amendments introduced last year to the Law for Banks and Financial Groups – Decree 19-2002 of Congress – (known here simply as the Act), adding higher prudential standards in regard to the collection of monies and the opening and maintenance of deposit accounts in such institutions.

Karen Temoche It is not news that Peru has demonstrated consistent levels of economic growth and robust financial indicators over the last decades. There are, however, still several areas on which governmental authorities need to work in order to unlock Peru's potential. One of them is to close the infrastructure deficit that remains in the country. What plays in the country's favour so far it is that both the Peruvian government and its citizens acknowledge that the key element to maintaining economic growth is setting clear rules, being predictable and acting proactively to attract private investment.