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Miguel Hernandez of Bufete Hernandez Romo explores the ins and outs of commercial court proceedings in Mexico

Would stricter rules help prevent flash crashes, or just increase costs? Two experts have their say

As US swap execution facilities go live, the EU’s move to mandatory exchange trading continues. Here’s what is helping, and impeding, harmonised US and EU responses to the G20 swap trading mandate

The region’s best female lawyers were celebrated at Euromoney Legal Media Group’s Australasia Women in Business Law awards last month

Mongolia has been burnt by some populist and poorly planned policies. Here’s how it’s rebuilding an inclusive investment environment

How will the EU’s new recovery and resolution tools and related reforms work together in practice? And would such measures have avoided the problems that emerged during this year’s Cypriot banking crisis?

Securitisation would greatly assist China in its efforts to deleverage its economy. Here’s what’s holding the asset class back

Rodrigo de Campos Vieira In a previous article published in this magazine, the author commented on Brazil's unique opportunity to develop the mechanisms for early stage, smaller and also more established medium-sized companies to access the funds they need to grow their business through the equity capital markets. The previous article discussed a project conducted by investment banks, law firms, civil entities, associations and auditors to be presented to the government with alternatives to unlock the growth of Bovespa Mais, the only access stock market in Brazil.

Elias Neocleous The Ministry of Finance and the Central Bank of Cyprus have jointly announced that the recapitalisation of Bank of Cyprus (BoC) is now complete. Forty seven and a half percent of so-called uninsured deposits (that is, the excess of deposits over €100,000 ($132,600)) as at the time the bank was placed under the resolution regime have been converted into shares, giving a Common Equity Tier 1 ratio estimated at approximately 12%, well above the required minimum. This is the final stage of the bank's resolution process and, according to the announcement, there will be no further measures under the Resolution Law. Early in the resolution process, 37.5% of the excess of customer deposits over €100,000 was earmarked for conversion into shares and a further 22.5% was withheld as a contingency reserve pending an assessment of the bank's financial position and capital needs. Now that the assessment has been completed, a further five percent of the uninsured balance will be returned to depositors. The remainder, after deduction of the amount converted to shares, will be divided into three equal separate time deposits of six, nine and 12 months, respectively, carrying an enhanced rate of interest. On maturity BoC will have the option to renew the time deposits once for the same duration.

Chuks Okoye Nigeria's capital market operators and regulators have recently made significant efforts to deepen the capital market, including the introduction of market markers in the Nigerian Stock Exchange in 2012. The impact of that intervention has already been felt, with the NSE recording a 37% growth in market capitalisation at the close of 2012, making it one of the best choices for investment globally. The recent commencement of trading by two new platforms, the National Association Securities Dealers (NASD) OTC platform and the FMDQ OTC platform promoted by the Financial Markets Dealers Association are progressive attempts at expanding the pie. The NASD OTC provides a regulated platform for the trade in securities of unlisted public companies in Nigeria thus creating an avenue for much needed liquidity and transparency for such securities. The FMDQ OTC on the other hand sets out to promote over the counter trading in financial market instruments such as treasury bills, bonds, repos and foreign exchange. These platforms seek to increase the available channels and instruments for capital market transactions. They also are aimed at catalysing the development and usage of those instruments traded as investors have the incentive of a liquid market and a transparent process.