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  • Tech firm Snap's decision to go public with only no-vote shares on offer is a bold move that's unlikely to become a trend, despite the fears of some investors. The decision taken by the parent company of instant messaging app Snapchat has incensed investors, so much so that a number of US pension funds are in the process of writing Snap's executives a strongly-worded letter.
  • Ian Borman In Belgium, the most significant change this month saw LIEDEKERKE WOLTERS WAELBROECK KIRKPATRICK appoint two new partners from regional firm NautaDutlih. François Tulkens, a public law specialist, joined the firm alongside Vincent Ost, who was a senior associate at his former firm focusing on real estate and infrastructure work. He has notable experience in public procurement and public-private partnership matters.
  • Here the Clifford Chance lawyers that advised the Commission explain why the US-inspired draft directive must not be underestimated
  • Silvia Canales The regulatory dynamics affecting companies that run their businesses in sectors under the inspection and surveillance of a regulatory and supervisory authority, require an understanding of a multiplicity of rules of different levels and sources. Those rules, promoted by the different regulators, are aimed at ensuring that the businesses are developed with a high level of public interest in mind.
  • Homburger partner Daniel Haeberli analyses how Switzerland’s proposed prospectus regime could impact issuances of structured products
  • The lighter side of the past month in the world of financial law
  • The country recently implemented legislation to clamp down on tax evasion. Its effects are wide-ranging
  • Susanne Schreiber Cyrill Diefenbacher On February 12 2017, the corporate tax reform III draft (CTR III draft) was rejected in a national referendum. As a result of that rejection, a new bill will have to be elaborated and agreed on within a short time frame by the Federal Council and Parliament. It is still expected that a new bill will introduce certain accompanying fiscal measures aimed at maintaining the international competitiveness of Switzerland, but the bill also needs to be in a form that attracts majority support and counters reservations of expected losses in tax revenues.
  • Sponsored by Matouk Bassiouny
    The issuance of Egypt's largest ever eurobond and the first triple-tranche instrument to come out of Africa will support the country's extensive economic reform progamme.
  • Sponsored by White & Case
    Sapin II aims to bring French transparency in line with international standards. But it is yet to be tested in practice