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Unlikely to be repeated With Dubai World set to receive a $9.5 billion cash injection, the market is considering lessons from the near-default. The state-owned company's troubles have exposed short comings in local law – especially Dubai's insolvency regime – that need to be addressed.

Most of us now know the details of Goldman Sachs's involvement with the ill-fated Abacus CDO and the fraud action from the Securities and Exchange Commission (SEC), as well as Goldman's indignant response. But what does it mean for banks and their relationship with both interrelated products and regulators? Elizabeth Fournier and Nicholas Pettifer spoke to bankers' counsel immediately after the news broke. One key concern emerged: the convergence of wrappers in products and the muddying of boundaries between products that this brings.

The firm expands its private equity practice

Until a framework for equity-conversion triggers is developed, there’s no guarantee they will work

Singapore's regulator is consulting on increasing the regulation of previously exempt funds

Hong Kong’s stock exchange is divided on whether disclosure of price sensitive information should be backed by criminal sanctions

Shariah scholars are still giving inconsistent opinions. Pressure is growing to clarify which structures are compliant

Financial institutions should prepare for world sky restrictions in advance, and their outside counsel must give advice that makes sense to banks’ salespeople

The European Securities and Markets Authority’s powers will grow dramatically in the next three years, but some worry that banks aren’t preparing for the new regulator

The SFC has released its conclusions on reforming structured finance legislation. And existing safe harbours will not apply