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  • With US municipal bonds looking more attractive, overseas investors need to understand the complex tax and regulatory requirements associated with them
  • Standard & Poor’s (S&P) pronouncements around equity content and the rating treatment of hybrid instruments with contingent features should emerge towards the start of 2012, finally giving clarity to contingent convertible (CoCo) capital.
  • Despite worries about falling listing volumes on the Hong Kong Stock Exchange (HKEx), lawyers expect that it will remain the region’s strongest exchange.
  • In September, the African Loan Market Association (Alma) launched with little fanfare. The body had modest aims: a degree of uniformity for local law loan documentation in a region riddled with disparate agreements drafted by banks and their advisors.
  • As issuers look for alternatives to the volatile European and US capital markets, the dual wakala-mudaraba sukuk will be the structure of choice for issuers looking to tap Islamic finance investors.
  • The country is on the rise, but questions remain about M&A structuring and capital markets regulation
  • The US’s clearing framework for over-the-counter (OTC) derivatives started to take shape in 2011, but there’s one area where almost no clarity has been offered: the extraterritorial reach of US clearing and trading rules.
  • Liliana Tsuboyama Shiohama Foreign investment has brought many executives from abroad to Peru. Beyond the specific requirements provided by law there are some issues that must be taken into account when hiring a foreign employee.
  • On October 3 2011 the National Assembly of the Republic of Slovenia implemented into Slovene law 2009/65/EC of the European parliament and of the council of July 13 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (Ucits).
  • Motoki Saito The amendment to the Cabinet Orders and Cabinet Office Ordinances with respect to the Financial Instruments and Exchange Act (FIEA) prohibiting investors from acquiring shares through a public offering for the purposes of settling the short selling of such shares during the interim period between the announcement of such public offering and the determination of the offering price was promulgated in August 2011 and became effective in December.