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Foreign private issuers should remember best practices for complying with the SEC’s rules as they prepare their earnings releases and filings

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 reappearance of commercial real estate transactions has been facilitated by an increasingly flexible regulatory regime and favourable macroeconomic conditions

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

Garrett Monaghan In Denmark, DLA PIPER continued its big push in the Nordics with the announcement of a merger with LETT. This move makes DLA the only international firm to have established a presence in all four Nordic nations following its mergers with Finnish outfit Peltonen LMR and Swedish group Grönberg, both in 2016. The team also boosted its Finnish operation this month with the addition of M&A partner Matti Ylä-Mononen from fellow international firm Bird & Bird.

Meredith Mackey Headlining US news has been the relocation of three different teams.

Two major credit rating agencies have downgraded South Africa's debt to junk status, triggering fears of a capital flight and sending borrowing costs spiralling for the continent's most developed nation. More agencies could go down the same route in the next few weeks.

The Irish Court of Appeal has recently confirmed that the sale of a bare right of action to litigate in the Irish courts is invalid under Irish law (SPV Optimal SUS v HSBC Institutional Trust Services (Ireland) (2017)). This may be unwelcome news for particular sectors of the distressed debt market. However, the decision will be welcomed by depositaries, managers and other fund service providers. Further, it is clear that the decision has no impact on the regular market for the transfer of loan portfolios and other debt (for example, as part of collaterised loan obligation deals).

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