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What does the Liikanen review tell us about the banking model of the future?

Debate at last month’s Indonesia forum revolved around renewables, the next wave of project financiers, and the need for IPO reforms

Shariah finance is set to arrive in Morocco. Here’s what the industry needs to know

The extension of grandfathering periods under the US Fatca, will help overcome a deadlock that has plagued loan negotiations between foreign financial institutions

Cash shells are an increasingly popular way to raise funds. But they have divided market opinion

In Hewlett-Packard Co. v Commissioner (TC Memo. 2012-135), the Tax Court recharacterised preferred equity owned by Hewlett-Packard Co (better known as HP) in a Dutch corporation as indebtedness and denied HP foreign tax credits and a capital loss on the exit transaction.

Daniel Futej Daniel Grigel An amendment to the Slovak Insolvency Code came into effect on January 1 2012 though important provisions newly regulating the responsibility of statutory bodies and other persons will not become effective until January 1 2013. The key legislative changes concern the test of over-indebtedness and the liability of the directors of insolvent companies There are two insolvency tests: financial liquidity test (the ability of the company to comply with its due debts) and test of over-indebtedness (the ratio of the company's total assets to its total debts – until the amendment it related to overdue debts). The over-indebtedness test will be assessed taking into consideration the debtor's future (expected) economic results. Subordinated and similar debts will be excluded from calculation of a debtor's financial situation. In both instances, for a company to become insolvent it is required to prove that it has more than one creditor – in the case of the financial liquidity test, with more than 30 days overdue debts.

A US private equity firm's acquisition of a Greek company signals eurozone fears are beginning to thaw, deal counsel have said.

The landmark offering is an early sign of Singapore’s push to rival Malaysia as an Islamic financial centre

Up to $550 billion of European LBO loans are due to mature between now and 2016. What are the options for addressing the huge refinancing burden and what new trends are emerging in this changed financial landscape?