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On February 15 2010, the Financial Services Agency of Japan (FSA) announced its unofficial view on the issue of tender offer rules for indirect acquisitions of reporting companies and sought public comments on it.

The Brazilian Securities Commission (CVM) has enacted Regulation 480 of December 7 2009. This new regulation has enhanced the requirements that companies have to fulfil to issue securities in Brazil. The new regulation has replaced rules in effect for more than 15 years and its key developments focused on: (i) enhancing the level and quality of disclosure; (ii) creating two different levels of disclosure requirements for issuers, according to the type of securities; (iii) making offering procedures faster and simpler; and (iv) harmonising the rules applicable to listed companies. Investment funds are still under specific regulations and are not affected by the new regulation.

How Roche bought Genentec, Sinopec did the largest ever Chinese outbound buyout, and other corporates took advantage of vulnerable US targets

Financing may have been tough, but valuations were low for those with funds. Deals from Harbourvest, KKR, Carlyle are among the highlights

Banking secrecy was once considered the crown jewel of banking principles. Historically, it can be traced back to Switzerland, where banking secrecy was sought as a protection for investor assets, against war and banking persecutions such as the 1931 crisis, when Germans with foreign capital were criminally prosecuted and sentenced to death. Banking secrecy also served an economical purpose: to rebuild Swiss banks and part of the European economy after WWII, by offering clients trust and confidentiality.

The intense debate revolving around the use of the Central Bank reserves to pay sovereign debt continues.

An amendment to the Credit Institutions Act (CIA) that entered into force on March 31 2009 followed by the new Regulation 26 dated April 23 2009 on Financial Institutions issued by the Bulgarian National Bank (BNB) introduced stricter regulation of non-banking financial institutions.

The best Americas project financings of the year. From deep-sea drill ships to greenfield ethanol projects, see how they were structured

The deals that sparked the US’s securitisation market back to life, standout transactions from Latin America, and the firms involved

English loans are beginning to contemplate debt repurchases at the outset. There are similar moves in New York, but they are localised