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Translation has become best practice on Indonesian deals as banks seek to comply with Law 24

Despite a competition law that requires post-merger filings, Indonesia is set to introduce mandatory pre-clearance.

Synchronised trading has reached such levels in India that bankers’ counsel are worried about market misconduct cases being brought by the country’s regulator, IFLR can reveal.

International banks and law firms must forge a better relationship with Chinese authorities over corporate use of derivatives, according to speakers at an IFLR briefing.

IFLR has changed. Launched last week, the Global Practice Service at www.IFLR.com is easier to navigate, filtering legal market practice in the financial and banking sectors worldwide.

The ECB’s Director General of Legal Services reflects on his career shaping European monetary policy, and explains why 2010 could be the most interesting year yet

Chinese banks and corporates are challenging collateral requirements demanded by foreign counterparties. Foreign banks need to reconsider their approach if they want to develop their China desk.

By Roddy Martin and Gary Lock Herbert Smith

By Geert Potjewijd and Rogier van Bijnen De Brauw Blackstone Westbroek N.V.

As we have previously discussed in this column, in September 2008 the US Senate Permanent Subcommittee on Investigations released a report entitled Dividend Tax Abuse: How Offshore Entities Dodge Taxes on US Stock Dividends. The report describes a range of transactions allegedly employed by financial institutions aimed at enabling non-US clients to avoid US withholding taxes on dividends paid with respect to US equities. Such dividends, if paid to a non-US person, are generally subject to a 30% US withholding tax since they are US sourced. As described in the report, US withholding taxes on dividends are allegedly avoided through the use of, among other financial arrangements, equity swaps.