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Recent cases in the UK and US have tested the 128-year-old rule. Cleary Gottlieb lawyers explain what this means for future restructurings

Latham & Watkins lawyers, counsel to World Bank on the milestone transaction, discuss the creation of this new asset class and how the model can be adapted by other issuers

So far British PE firms have thrived despite political chaos – but the next year will be challenging. SGG’s head of sales JP Harrop explains how to adapt

Companies are facing legal and operational challenges when it comes to the global move away from interbank offered rates

Baker McKenzie lawyers consider how foreign companies should approach the US’ famous Foreign Corrupt Practices Act when the goalposts keep moving

On January 21 2019, the Irish Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 (Act) came into force. This Act radically alters the operation of the secondary acquisition, ownership and servicing of performing and non-performing Irish consumer loans, and certain small and medium enterprise (SME) loans (together, Relevant Loans).

Amended money-laundering legislation that came into force in the Slovak Republic on November 1 2018 requires companies to register their beneficial owners in the commercial register. Previously, only companies which conducted business with the state or received public funds were required to report their beneficial owners; those beneficial owners were registered in a public register of public sector partners, a register that is separate from the commercial register. The new legislation requires all companies in Slovakia, with the exception of publicly listed companies, to register their beneficial owners in the commercial register.

On January 11 2019 the Central Bank of Cyprus (CBC) published on its website its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period ended September 30 2018, showing aggregate non-performing facilities and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded.

Beginning January 1 2019, all corporations registered with the Philippine Securities and Exchange Commission (SEC) are required to disclose their beneficial owners in their annual reports to the SEC. Under SEC Memorandum Circular Number 17 of 2018 (MC 17-2018), all SEC-registered corporations have to reflect in their general information sheets the following information on their beneficial owners: (1) complete names; (2) specific residential addresses; (3) nationalities; (4) tax identification numbers; and, (5) percentages of ownership, if applicable.

Public procurement rules and procedures in Macau at the moment are spread among the different statutes that regulate the different types of contracts that can be entered into with/by Macau public entities. However the government is preparing a Bill with the goal of simplifying and updating, as well as enhancing the public procurement legal regime.