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Anthony Coleby The way the Capital Markets Authority (CMA) assumed responsibility for the supervision of Kuwait's investment companies was always going to be a key part of the new regulatory programme for the oversight and operation of local financial markets and the restoration of investor confidence in them. But the first steps it has taken in this area since its launch in March 2011 have been surrounded by confusion and the unfortunate timing of policy statements that will likely instil confidence in nobody.

The Central Bank of Cyprus has issued a Directive under Article 20 of the Central Bank of Cyprus Laws of 2002 to 2007 regarding the implementation of the European Central Bank's Decision (dated September 16 2010) on the authenticity and fitness checking and recirculation of euro banknotes (ECB/2010/14).

Carlos Fradique Méndez Luis Gabriel Morcillo The recent upgrade of Colombia's credit risk rating to investment grade by three Wall Street agencies has opened the door to a broader range of foreign financial institutions, including mutual funds, to offer their products in the Colombian securities market.

Dr Jasna Zwitter-Tehovnik Pursuant to section 1376 of the Austrian Civil Code, an amendment to an existing loan agreement constitutes a new debt obligation if either its object or legal basis has been altered. Apart from the contentious issue of determining which particular situations this covers and which it does not, section 1378 on its own creates more headaches. It stipulates that, by operation of law, each effected substitution of debt causes any kind of security (a guarantee, suretyship, or pledge of any sort) provided to collateralise the initial obligation to expire in full, save where the grantor has consented to the perpetuation of its contingent liability.

Louise Graham On July 20 2011 the Eastern Caribbean Court of Appeal (ECCA) handed down the latest decision in the long running case of Alfa Telecom Turkey Limited v Cukurova Finance International Limited and Cukurova Holdings AS.

A full analysis of the Vickers report, G-Sibs buffers and US living wills rules; plus Volcker Rule latest and the future for hybrid capital

An article of the French Commercial Code may open the door to challenges to agreed deals if they are not balanced

The last element of Nakheel’s restructuring utilised an innovative trade creditor sukuk to settle its numerous claims. Here’s how it was done

Three bills introduced to Congress would give private companies flexibility regarding capital formation

New Finra guidance highlights to US broker-dealers the importance of establishing detailed social media policies and procedures