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Think the unthinkable Speculation over a eurozone break-up refuses to go away. While some believe the idea of any country leaving a union that took ten years to achieve is pure fantasy, others think the present situation is unsustainable.

Over the past few years a number of countries have increased the firepower of their bribery and corruption legislation. Here we explain how they affect multinationals and what to do about it

Judge Rakoff’s SEC-Citigroup judgment may usher in a new era of fewer settlements and more trials

Asia awards

New guidance has given clarity to lawyers providing English opinion letters

The Bangko Sentral ng Pilipinas (BSP) recently issued Circular Nos 742 and 743 (Series of 2011) amending certain provisions of the Manual of Regulations on Foreign Exchange Transactions (the manual). Under the manual, loans and equity investments must be registered with the BSP if the foreign exchange needed to service repatriation of capital, remittance of dividends, profits and earnings accruing from such investments or payment of interest and principal on foreign loans is to be sourced from the Philippine banking system.

Gus J Papamichalopoulos On November 30 2011, the Regulatory Authority for Energy (RAE) announced the measures that were decided to be taken for the support and finance of the renewable energy sources in Greece. Specifically, RAE's measures intend to reinforce the budget of the electricity market operator (EMO), including an increase in the special renewable energy sources duty and application of the duty to ERT SA, the state radio and television company.

New rules which aim to promote shareholder interest could instead slash the number of tender offers in France

The US's often-criticised approach to credit rating agency (CRA) reform has been held up as an example for European regulators.

The odds of a successful appeal aren’t high A Versailles Court of Appeal Coeur Défense ruling has held that special purpose vehicles (SPVs) can be protected by safeguard procedures in French restructurings.