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Have your say now on how sanctions on Russia will affect the country

The Korean law on class action lawsuits which went into effect on January 1 2005 is the Securities Class Action Lawsuits Act. As of now, this statute applies only to securities-related claims for damages based on false securities reports and information circulars, false business reports, semi-annual or quarterly reports, use of non-public information, stock price manipulation or negligent auditing by an external auditor. Due to various strict requirements in addition to such limited grounds for the commencement of a class action lawsuit in Korea, this statute has rarely been used. Thus far, only six class action lawsuits have been filed, and even among such lawsuits, not one has progressed to a final decision from the court of first instance. Due to criticisms of this status quo, the National Assembly and citizens' groups have been discussing a complete overhaul of the Securities Class Action Lawsuits Act.

Welcome to IFLR's Japan Guide 2014, featuring exclusive market analysis and focussed updates on the country's corporate and financial laws.

As volumes of cov-lite loans increase in Europe, the loss of early warning systems could be dangerous

In partnership with Sidley Austin, IFLR has launched its Mergers and Acquisitions Report to provide clarification on information critical to the structuring of deals worldwide

A report issued this week by the G20’s OTC derivatives group have for the first time set milestones and deliverables for cross-border reforms

Daimler became the first foreign corporate to sell Chinese onshore bonds last month. But unfavourable pricing will limit future deals

A Japanese Bitcoin exchange’s Chapter 15 filing may set a precedent for US Bankruptcy Court recognition of international internet company restructurings

As shareholder activism continues to grow in Europe, companies are taking a more proactive approach to engagement to ward off corporate raiders

The EC has held a Goldman Sachs-sponsored fund jointly liable for a portfolio company’s cartel infringement. It could have implications for private equity