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The Competition Commission of India's (CCI) revised merger control regulations could create uncertainty, slowing M&A activity in the region.

Derivative holders must disclose more trade information in Chapter 11 proceedings following the Bankruptcy Code's amendment. The change creates a new consideration for hedge fund investment strategies, but observers predict it won't deter from distressed investing.

The Moody's report on faults in Spanish banks' covered bonds disclosure is confused. It represents a wider distrust of the country's financial system amongst rating agencies, according to lawyers.

European credit ratings issued by non-EU parties will face EU regulatory requirements, says Esma

The Federal Government of Nigeria estimates that despite about $2 billion being injected into the power sector every year for two decades, Nigerians spend about five- to 10-times more on self-generated electricity than they do on grid-generated electricity. At the moment, Nigeria is capable of generating only about 3,500MW of electricity to serve its population of about 150 million people. This is far less than what South Africa generates with a grid-based generating capacity of 40,000MW for 50 million people. It was against this backdrop that the government enacted the Electric Power Sector Reform Act in 2005 to create an enabling framework for private-sector participation, pursuant to which the Power Holding Company of Nigeria (PHCN) and its successor companies were established.

Anthony Coleby

The Securities and Futures Commission's (SFC) new structured products amendment should speed up regulatory approval for new deals.

More disclosure for hedge funds is on its way, while ETFs can expect more scrutiny on collateral and securities lending

In a generic legal advice memorandum (GLAM), released at the end of last year, the IRS concluded that payments by a domestic depositary institution (DI) to or on behalf of a foreign corporation for expenses of a sponsored American Depository Receipts (ADR) program are includible in the foreign corporation's gross income and are subject to US federal withholding tax.

The Spanish Parliament is dealing with a preliminary draft of the amendment to the Insolvency Act. Therefore, although it is not yet a definitive and fully effective regulation, it clearly anticipates some significant aspects which are very likely to be approved in its current terms and which will impact positively restructurings in Spain. For instance, it will favour out-of-court restructurings by providing new restructuring alternatives for the different players in the current Spanish restructuring market.