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Hector Sants, the new head of the Prudential Regulatory Authority (PRA), stepped out this month. The outgoing Financial Services Authority (FSA) head outlined his plans at a conference in Westminster on May 19.

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.

Ursula Letona Pereyra

Ian Mann

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

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.

Sanjay Mohanasundram

The nominations for this year’s IFLR/Asialaw India Awards have been announced

Freddy Daruwala

US regulatory authorities have stepped up scrutiny of Chinese reverse merger companies