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Indonesia's Investment Coordination Board (BKPM) recently issued a new Regulation (Reg 5 2013) concerning Guidelines and Procedures for Licenses and Non-Licenses for Capital Investment, dated April 8 2013. The regulation presents new items that may impact new investment for establishing a foreign investment company as well as existing foreign investment companies (known as PMA companies:basically Indonesian incorporated companies that have one or more foreign direct shareholders).

Mark-Oliver Baumgarten, Thiemo Sturny, Andreas Bättig and Stefan Knobloch of Staiger Schwald & Partner examine the reasons why Switzerland has remained a financial hub while economic instability has claimed so many of its neighbours

Akiko Tomiyama On April 16 2013, the Financial Services Agency of Japan (FSA) submitted the Bill for Amendment of the Financial Instruments and Exchange Act, etc. to the ordinary Diet session. It was indicated that the main purpose of the bill is to put in place measures against insider trading and market fraud, measures against financial crises that originate from market disruption, and measures to strengthen the functions of the financial and capital markets and the financial industry in Japan. The bill includes amendments to many finance-related bills, including the Financial Instruments and Exchange Act, the Investment Trust and Investment Corporation Act, the Deposit Insurance Act, the Banking Act, the Insurance Business Act, and the Trust Business Act. The main purposes of this bill are the strengthening of insider trading regulations, the establishment of an orderly resolution regime for financial institutions, revisions to asset management regulations, the encouragement of the provision of capital by banks, and the encouragement of the robustness of Japanese Real Estate Investment Trust (J-Reit) structures. The strengthening of insider trading regulations was proposed following recent insider trading cases, such as when a listed company made a public offering and information was compromised by an employee of the lead managing underwriter and an investor who obtained such information engaged in insider trading. In particular, the disclosure of inside information and trading recommendations made by corporate insiders who have inside information will be regulated under new rules. In addition, the monetary penalty for violations committed by asset managers with respect to their client accounts will be raised.

In an IFLR video exclusive, the Bank of England’s Andy Haldane reveals why nurturing the good parts of shadow banking will the next regulatory frontier

Vandana Shroff of Amarchand & Mangaldas & Suresh A Shroff & Co examines the increasingly important role that the international bond markets are playing in capital raising for Indian companies

Differences between US and European finance documentation come to the fore in transatlantic deals. Here are the key distinctions on voting matters

Mexico’s regulatory overhaul is expected to touch every aspect of its financial services system. The reforms aim to benefit banks, and could be implemented in weeks

Contrary to popular legal opinion, trust structures are recognised under German law. And they are a powerful tool for lenders to utilise

Two recent European judgments cast doubt on whether one-way jurisdiction clauses are a risk worth taking. Here are the practical considerations

Corporate lawyers looking for the year’s hottest M&A sector should take a close look at themselves. Law firms are facing a new merger reality