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The first auto-loan securitisation in the Middle East has closed thanks to an innovative dual-SPV structure. The deal is based on a pool of auto-loans put together by Emirates NBD and guaranteed by the Japan Bank for International Cooperation (JBIC), encouraging Asian investors to embrace the first-time issuer.

A call to arms for in-house to be more proactive European in-house must engage more with regulators to ensure their banks' business models and practices are fully understood, or risk supervision that is ineffective and restrictive.

Australia has released new guidelines on foreign direct investment. Government-related entities from overseas must develop their relationships with the Australian regulators before even contemplating a deal.

With no legal framework for covered bonds in the US, institutions in Europe should be preparing to take advantage of the enthusiastic investor base that already exists there with dollar-denominated bonds.

Sophisticated lobbying will be required to save Denmark’s mortgage credit bonds New parameters for liquidity and leverage proposed by the Basel committee could threaten the Danish market in mortgage credit bonds. But the instruments' business model is very safe and already tightly regulated.

Foreign banks with operations in the US will now have the same type of capital requirements as domestic bank holding companies.

China-based companies are moving away from Circular 10 when listing abroad. New work-around structures are emerging

The main provisions governing business entities in the Dominican Republic are found in the General Law on Commercial Entities and Individual Enterprises of Limited Liability No. 479, of December 2008. This new legislation was enacted in an effort to modernise local corporate legislation in order to better harmonise its corporate processes and good governance principles with other more modern foreign laws.

Diego Martin-Mejívar The growing importance of international trade and investment by multinational enterprises has led the government to establish a system of control to improve the reception of income from international transactions. For this reason, the government has taken a few measures to solve the problem of price manipulation by the multinational enterprises when they enter into transactions with their branches, subsidiaries or affiliates. This problem translates in the adoption of a fictitious price between related parties to shift income from a high tax country to a low tax country.

The Central Bank of Cyprus has recently announced that the Central Bank of the Russian Federation has removed Cyprus from the list of countries it regards as offshore centres with preferential tax regimes. Under a regulation introduced by the Central Bank of the Russian Federation in 2003, transactions by Russian banks with banks in jurisdictions which appear on the list are subject to a number of restrictions.