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Chinonyelum Uwazie Since 2008, the Nigerian capital market has witnessed severe decline in the value and volume of shares traded on the stock exchange. While some attribute the decline to the unsavoury practices that trailed the previous administration of the exchange, others attribute it to the fallout of the global financial meltdown. Following the collapse of the market, the Nigerian Securities and Exchange Commission (SEC) made several reforms, including review of the law relating to share buy-backs in quoted companies.

Yau Khai Ling Nicole Ong Hwee Koon In Orchard Capital I Ltd v Ravindra Kumar Jhunjhunwala [2012] SGCA 16, the Singapore Court of Appeal propounded the important principles concerning the interpretation and the legal effects of non-exclusive jurisdiction agreements.

Nollaig Murphy Andrew Quinn Stephen McLoughlin

A recent judgement by a division bench of the Bombay High Court may well be the game changer required as regards legal certainty on enforceability of options in India. The judgment itself deals with a challenge to the actions of the regulator in refusing recognition to a new stock exchange. A key aspect was the validity and impact of buy back arrangement.

Phillip Kite Claire Robey Before 2010, freezing injunctions in the British Virgin Islands were only available ancillary to a substantive domestic cause of action against the respondent. It was not possible to seek an injunction ancillary to foreign proceedings. This was a result of a restrictive interpretation of Lord Diplock's speech in The Siskina (1979).

Here are the ten things financial institutions need to know about Hong Kong’s new anti-money laundering and terrorist financing rules

Debt-for-equity swaps can create core Tier 1 common equity without being subject to bail-in and cram-down concepts

High yield is tipped to reemerge in the country this year. However tax and structuring issues still need to be considered

Hyeon Tak Shin Recently, South Korea's National Pension Fund Operation Committee amended the Guidelines for Voting of the Fund to deliberate on the independency of outside directors, signaling the start of an attempt by the National Pension Service (NPS) to strengthen its shareholder's rights which were previously almost neglected.

Carlos N Lafargue The Spanish Act 38/2011, of October 10 2011, has amended the Spanish Insolvency Act 22/2003 introducing a new controversial sentence in article 90.1.6 stating that the "pledge securing future credits will only grant a special privilege to credits arising prior to the declaration of insolvency, as well as to credits arising after such declaration, when reinstated by virtue of article 68 or when the pledge was recorded in a public registry prior to the declaration of insolvency".