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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.

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

Don't worry. The changes to Singapore's exempt fund manager rules will likely be evolutionary not revolutionary

China private equity, hopefully, now has a workable onshore way to exit investments

Regulatory capital rules could destroy innovation that funds pensions and much more

Payment default is contemplated by Islamic finance. All legal documentation in Islamic finance does provide for payment default. Perhaps what is not contemplated is the unintended consequences of a default in relation to the shariah contract. This is an area where there is not much case law, but the recent cases on defaults in Islamic finance products such as sukuk and home financing emphasise the importance of clear legal documentation, accurate appreciation of the Islamic contract and the need for an adequate legal framework to provide certainty on shariah interpretation and efficient recourse. Assumptions that certain Islamic contracts are similar to other common types may result in a mistaken understanding of the Islamic contract.

The Federal Senate of Mexico is discussing the legislative initiative for a public-private partnership law (P3 Law). The P3 Law seeks to promote the development of infrastructure projects, at the federal level, by establishing the legal framework for private investment in public sector services.

Bank of America’s Common Equivalent Securities, the first Indian SEC-registered convertible in the US and other ground-breaking deals examined

Why and how to relocate funds to Luxembourg in the face of European regulation

The establishment of transparency and predictability in the mortgage market were the primary aims of Dubai's Law 14 of 2008 (Law 14). Law 14 specifies that a mortgage must be registered with the Dubai Land Department for it to be valid. The Dubai Land Department must be informed of the size of the mortgage secured against the mortgaged property, the repayment period and the value of the loan.