Search results for

Rodrigo Taboada Ana Carolina Álvarez On October 6 2016, the Nicaraguan Congress approved the Ley de Garantías Mobiliarias (the Law of Security on Movable Assets). This has been described as a legal instrument that will, among providing other benefits, enable small producers, and micro- and medium-sized companies to access bank credit and micro finance institutions using their own assets as security. This will be done through the subscription of a written agreement between the grantor and the creditor that may be in a public, private or electronic document.

Franco Aristotle G Larcina Arlene M Maneja On August 31 2016, the Philippine Competition Commission (PCC) issued a new merger notification form, which applies to notification submissions from September 1 2016. Below are the noteworthy new requirements.

Andrew M Garbarski Criminal liability of corporations entered into force in Switzerland in October 2003. However, except for the Swiss Post matter and certain other isolated cases, only a small number of prosecutions have been conducted against corporations so far, let alone resulted in their condemnation. But as evidenced by recent public announcements from the Office of the Attorney General of Switzerland in connection with the so-called 1MDB scandal, the latest trend seems to be launching more systematically criminal investigations against corporations (such as financial institutions). This is particularly the case in matters relating to money laundering or corruption.

Foifa Tharaphan Albert T Chandler On July 4 2016, the Secured Transactions Act came into force. Following this, the department of business development (DBD) launched the online system for registering business collateral agreements. The qualified security recipient must be a financial institution regulated by the Bank of Thailand. A draft of the ministerial regulation allowing additional types of qualified persons to be security recipients is now going through the legislation process.

Ha Hoang Loc Nguyen Thi Minh Phuong The Council of Justices of the Supreme People's Court has legal authority to select trial decisions and judgments from all courts which have taken legal effect in order to develop them into judicial case law. It can then publish this case law for the courts to apply in adjudicating subsequent cases.

Unpredictability strikes back on the 2016 M&A market. IFLR1000’s annual rankings identify the law firms that have laid the foundations for next year’s deal activity

The market must be improved to overcome legal uncertainties which are hindering its full development

Ahmed El Amoury A foreign construction company in Qatar recently won a lawsuit in relation to a dispute with a local company. This case is significant because the competent court applied and upheld the principle of personal freedom and the rights of movement set out in the Qatari Constitution. These hold that personal freedom and the rights of movement outside the state should not be restricted except in accordance with the law.

The political crisis following this month’s Italian referendum could have profound effects on the country’s bank reform

The EU’s new tools for winding down banks were tested for the first time in the Heta distressed debt restructuring. They prevented one Austrian province from becoming insolvent