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    Asia-Pacific
    The biggest news in the Asia/Pacific region this month emerged from Hong Kong, where the recent trend of US firms establishing local law practices continued at pace.
    July 10 2011
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    Europe, Middle East & Africa
    The second week of the month brought the biggest story in EMEA as US firm WEIL GOTSHAL & MANGES pulled off a coup taking four private equity fund formation partners from Clifford Chance.
    July 10 2011
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    Former CCI director general rubbishes first case ruling
    The aviation industry is under scrutiny A former director general at India's anti-monopoly watchdog, the Competition Commission of India (CCI) has criticised the regulator's efforts in its first-ever case ruling.
    July 10 2011
  • Mofcom Anti-Monopoly Law fines imminent
    The release this month of China's Ministry of Commerce (Mofcom) draft interim Anti-Monopoly Law (AML) measures for public consultation, signals the start of a tougher regulatory stance on transgressions.
    July 10 2011
  • Global banks need to better understand Asian clearing houses
    Bankers' counsel have called for international banks to be more sensitive to local settlement environments.
    July 10 2011
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    Elimination of the draw-back benefit for exporters
    Juan Ernesto Menjívar The draw-back benefit that had been beneficial for exporters until this year and which consisted in a refund of the 6% of the free-on-board value, was revoked on February 1 2011 when the Legislative Decree containing new laws on this matter entered full force. The benefit was used by individuals and legal entities, foreign or national, who are owners of companies that export or market goods and services of Salvadorian origin.
    July 10 2011
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    Shining a light
    The LMA has released guidelines on transparency of loan information. However some are concerned it will discourage non-banks from restructuring committees
    July 10 2011
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    A road paved with good intentions
    The EU Prospectus Directive aims to remove barriers to a Europe-wide capital market, but many of Esma’s proposals will do just the opposite
    July 10 2011
  • US covered bond bill exposes lawmaker-investor ‘disconnect’
    Approval of the latest covered bonds bill by the House Financial Services Committee has been heralded as a crucial step towards restarting the mortgage backed securities (MBS) market.
    July 10 2011
  • New IDB facility helps LatAm projects
    Project-focused countries are tipped to be the big winners of the Inter-American Development Bank's (IDB) new flexible financing facility (FFF) – the bank's latest step towards market-based products.
    July 10 2011
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