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BBVA Continental's direct offering last month of $500 billion senior unsecured eurobonds signals a new trend in Peruvian bond issuances.

EDL-Gen's LAK 1.6 billion ($200 million) rights issuance was a first for the nascent Laos Securities Exchange (LSX). But deal counsel had to first overcome complexities relating to the company's shares in four independent power producers (IPPs).

The US M&A market is primed for use of a bespoke, tax-free sales structure known as a reverse morris trust (RMT).

Coller Capital's acquisition of £1.03 billion of private equity assets from Lloyds Banking Group, along with £22 million of undrawn commitments, is the largest unsyndicated secondaries transaction ever completed.

DIFC funds can leave this at home when entering the UAE The UAE Securities and Commodities Authority (Esca) has introduced a new set of rules for foreign funds looking to market their units in the UAE mainland. The move signals more intense scrutiny by the regulator and potentially threaten the DIFC's position as an investment hub. Esca's Resolution on Investment Funds, issued in late July, require the regulator's authorisation to market units of foreign funds in the UAE. Such funds must be offered through a locally licensed placement agent or, less commonly, a locally established representative office. The definition of foreign funds catches DIFC funds, meaning they too will need to appoint a local promoter.

Alexander McMyn, Hogan Lovells In Asia, Singapore was the centre of activity last month. Arguably the biggest hire was that of Alexander McMyn who left Linklaters to join HOGAN LOVELLS' finance team. McMyn focuses on banking, structured finance and asset finance. Before moving to Singapore he had worked in Linklaters' London office. He recently advised on the financing of Vedanta Resources' $9 billion acquisition of Cairn India. Elsewhere, LATHAM was looking to shore-up its Singapore offering with the transfer of partners Rod Brown and Luke Grubb from its London office. The corporate pair will add greater depth to the US firm's offering in the city, which now has 11 partners and 36 lawyers in total.

Ann Richardson Knox, Mayer Brown While the US lateral hire market remained relatively busy in August, movement within the financial and corporate areas was low. The same can be said of New York, usually the main driver of activity. This month only a couple of moves caught the imagination. One was Taurie Zeitzer's switch to KIRKLAND & ELLIS. The private equity partner moves from Latham where she acted for the likes of Apollo Global Management. Elsewhere, banking partner Ann Richardson departed Haynes and Boone to join the New York finance team at MAYER BROWN. Late in the month the city saw a notable Latin American-focussed move in MILBANK TWEED HADLEY & MCCLOY'S hiring of Carlos Albarracín from Chadbourne & Parke. The securities partner will devote particular attention to Milbank's Mexico practice.

London, New York and Hong Kong might be the money centres of today, but they each face a precarious future. With the global economic hierarchy under threat, which city will prevail?

Europe’s debt wall is proving just as strong

The deal could be the first sign of recovery for Vietnam’s struggling banking sector