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Mark Fraser On February 11 2010, the State Bank of Vietnam (SBV) issued Circular No. 04/2010/TT-NHNN, regulating the merger, consolidation and acquisition of credit institutions in Vietnam (Circular 04). As one would expect, Circular 04 applies to all types of enterprises falling within the definition of credit institutions under the Law on Credit Institutions, namely, commercial banks, finance companies, finance leasing companies, and cooperative credit institutions, being licensed to operate in Vietnam.

James Tanenbaum Anna Pinedo The global financial crisis has brought forth an array of proposals designed to prevent, or at least mitigate, the adverse consequences of future financial failures. One such proposal would require financial institutions to adopt plans that would function quite like an autopilot in the event of severe financial distress. Recovery and resolution plans, or living wills, would set forth the actions to be undertaken by a troubled or failed financial institution. The recovery component would outline actions necessary to preserve the institution as a going concern, while the resolution component would outline steps to be taken to minimise the systemic disruption associated with the institution's failure.

English law is having an increasingly important role in the restructuring process of a Spanish company or group

Paul N Watterson, Jr and Craig Stein of Schulte Roth & Zabel explain the state of derivatives regulatory reform in the US

Richard Levitt and Mark Dwyer of Slaughter and May discuss recent case law on defaults and close-out netting

David Chuang and Mark J Harty of LCS & Partners in Taiwan discuss how the recent Supreme Court Decision on Isda agreements has created uncertainty

For a brief moment at the International Organization of Securities Commissions conference in Montreal last month, events turned unexpectedly Marxist. "Investors around the world: unite and organise yourselves," said Hans Hoogervorst, Chairman of the Netherlands Authority for the Financial Markets.

Leading litigators explain that “arrogant and ignorant” foreigners must adhere to local law if they want to win in court

Joel Hogarth of O’Melveny & Myers explains the realities of business in Indonesia

Three regulations are limiting international debt offerings and inhibiting corporate fund raising