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If an investment bank facilitates the meeting of a fund manager and a company it is possibly interested in investing in, should the investment bank be paid for that? And who should pay for it, the company receiving the investment, the fund manager doing the investing, or the client whose money is being invested? What about if the bank isn't really involved in the meeting – it's just arranging the logistics and maybe booking a taxi? Is that different from a full-fledged tour of the farm? And how much should it cost?

On March 24, China's biggest operator of dairy farms, Huishan, saw its Hong Kong Stock Exchange-traded shares tumble by more than 990%, triggering an immediate delisting.

Xiao Yong Rose Zhu In Australia, former Allens chief executive partner Michael Rose, started a new Sydney-based role as special adviser with KPMG, providing the firm's leadership teams with insights supporting growth initiatives. MINTERELLISON bolstered its M&A practice by bringing in Perth-based partner, Paul Shillington, who was previously chief legal officer and corporate secretary at Geneva-based Oryx Petroleum, and PINSENT MASONS launched its flexible lawyering service–a disruptive innovation in the form of alternative legal services – Vario in Australia, its first move outside the UK.

A new avenue has been opened up for Indian issuers to raise rupee-denominated bonds from the international debt capital markets

On April 5 2017, the Brazilian Securities Commission (CVM) enacted a new regulation that could enhance the country's equity and capital markets, which have been severely impacted by the recent economic and institutional turmoil.

The country's restructuring proceedings haven’t yet answered concerns around whether or not contingent claims can be crammed down

The lighter side of the past month in the world of financial law

On March 3 2017, the bills for amending the Financial Instruments and Exchange Act (the Amendment Bills) were submitted to the Diet. They set out some basic rules surrounding the fair disclosure rule, the introduction of which is in line with an international trend – the US and EU have already introduced similar disclosure rules. The main purpose of the fair disclosure rule is to ensure that when a company provides inside information to a third party before its public disclosure, such information is also provided to other investors.

China is closing the doors to investment offshore as it tightens the grip on capital flows. Some of its corporates risk being left behind

New rules in respect of certain aspects of securities held by intermediaries have been in force since April 1. Some practical issues still need to be ironed out