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  • Lefan Gong of Zhong Lun Law Firm analyses the different structures investors can use to take advantage of the boom in onshore renminbi private-equity funds
  • IFLR’s corporate counsel survey discovered that our in-house readers are panicked about the UK Bribery Act, US whistleblower provisions and Chinese competition regulations
  • Mario E Juarez Foreign reinsurers carrying out transactions in Mexico or performing legal acts having effects in Mexico must comply with certain legal requirements. For instance, according to the General Law of Insurance Companies (the Insurance Law), local insurance companies (the local insurers) can only enter into reinsurance transactions with foreign reinsurers registered in the National Registry of Foreign Reinsurers (the registry), maintained by the Mexican Ministry of Finance (SHCP).
  • As part of its efforts towards strengthening the Nigerian banking system, the Federal Government of Nigeria recently enacted the Asset Management Corporation of Nigeria Act 2010 (the Act). The Act, which established the Asset Management Corporation of Nigeria (the Corporation) to purchase non-performing loans from Nigerian banks in order to free up the banks' balance sheets, revive lending and restore confidence in the banks, also made substantial modifications to certain aspects of Nigerian substantive law including laws regulating companies, bankruptcy and securities.
  • Pursuant to the provisions of the Dominican tax code, the General Internal Revenue Department, based on information supplied at the end of each year by the Central Bank of the Dominican Republic, on the basis of changes in the consumer price index, released the multiplier with which inflation is to be calculated and adjusted for all tax purposes.
  • Despite the non-binding nature of the process, voluntary notification in Indonesia is now viable. It could mitigate future sanctions in the country
  • In December 2010, with less than a week remaining as HSBC’s chief executive officer, Michael Geoghegan spoke to IFLR. Here, he explains why regulators must unite, exotic products will be gone for some time and the real cost of new rules
  • As the year wound its way wearily to a close, the rate of lateral hires slowed considerably with only a few firms striking out for new blood.
  • Certainly the most active US firm in December was McGuire Woods who hired a five-strong leveraged finance team from Kilpatrick Stockton in Atlanta. DLA Piper was also busy taking private-equity partners Fred Blakeslee II, Robert Davis and David Lee from Mayer Brown in Chicago.
  • Slow but sustainable growth is the key to avoiding a securitisation bubble