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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.

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).

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.

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

Fundamental shifts in the global economy have left everybody asking the same thing: will London survive as the world's financial capital? And if not, which city will steal its crown? Over the next 10 years, global markets are set to shift dramatically. Opinion is sharply divided over how they will look in the future, with convincing arguments advanced for each of the world's pre-eminent financial centres: London, New York and Hong Kong.

Europe’s debt wall is proving just as strong

Proposed amendments to Regulation Z of the Truth in Lending Act could increase investment in residential mortgages guaranteed by Fannie Mae and Freddie Mac, just as the US government moves to unwind the government sponsored enterprises (GSEs).

Carlos Duran of Uría Menéndez on the advantages of using Spanish holding companies for Chinese investments in Latin America

Unnecessary, counterproductive and politically driven. The experts make a case against the EU’s latest round of proposed rating agency reforms