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IFLR magazine's December/January 2019 cover story looks at why deals fall apart even if M&A parties are initially dealt a good hand

The Companies and Allied Matters Act (Cama) remains at the core of the regulation of business formations through which local and foreign direct investments (FDI) flow into the Nigerian economy. Despite its importance, Cama has proven inadequate, as it is only a re-enactment of the1968 Companies Act with further insignificant amendments in 1990 and 2004. These amendments did not reflect the ever dynamic and innovative global business environment Cama sought to regulate, justifying the need for a complete overhaul of the Act in the face of Nigeria's current commercial realities.

There are still some areas of uncertainty when it comes to the regulation of cryptocurrencies

A survey by Hengeler Mueller has found that a majority of respondents reported an increase in the bureaucratic requirements associated with the EU regulation

On September 14, the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector. The analysis covered the period to May 31 2018, and showed aggregate non-performing facilities and related indicators for the domestic operations of credit institutions operating in Cyprus.

The Irish legislature is considering draft legislation which would regulate purchasers of non-performing loans (NPLs). The draft legislation is at an advanced stage in the parliamentary process. While credit servicers are regulated in Ireland, credit owners (in the main, entities that have purchased loans and loan portfolios from banks looking to reduce their exposure to NPLs) are not. However, the regulation of owners of credit would be a substantial extension of the regime. Furthermore, it would run contrary to EU policy in this area which proposes to regulate credit servicers (as is the existing position in Ireland) but deliberately stops short of regulating loan owners because such an extension is neither necessary nor desirable.

Occupational accidents can occur for many reasons. They can arise because of short-term inattention, lack of caution or even inconsistency. It is important to take the strongest possible measures to minimise the risk of occupational accidents. Legal regulations governing the duties of employers in the field of health and safety at work state directly that sometimes it is not possible to fully eliminate the risk of occupational accidents. However, it is important to take all possible steps to limit them and to prepare measures to eliminate them.

In just a matter of minutes, anyone can use the internet to download or stream copyrighted content for free. Unfortunately, most of that content is posted and distributed without the consent of the author – the exclusive holder of the rights to the work. In other words, it is illegal. The practice of accessing copyright-protected work in just a few minutes, without paying for it, is very widespread.

As is well known, anti-money laundering (AML) and know-your-customer rules (KYC) are obligations of service providers like banks and other financial institutions. Their aim is to facilitate investigations into the real identity of customers and the purpose and source of their transactions, so that the services provided to customers will not be used for money laundering, financing of terrorism, tax evasion, or other illegal activities. As transactions involving cryptocurrencies are by nature global yet anonymous, there is thus much room for misuse, so we cannot emphasise enough the importance of AML/KYC in the crypto space.

According to the implementation plan released in November 2018, terms of reference (TORs) have been issued for six projects, and 'contract awarded' notices are tentatively scheduled for February 2019.