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Ahmed Shibeer In the Balkans, a number of firms announced alliances or firm acquisitions. In Serbia GECIĆ LAW acquired Colic Law Office, an M&A and litigation boutique with Ognjen Colic taking up the role of head of corporate. In Bosnia and Herzegovina, KARANOVIĆ & NIKOLIĆ announced its expansion into the Republic of Srpska through a cooperation with Banja Luka based Goran Babic, a finance partner and former lawyer at Hypo Alpe Adria. Finally DIMITRIJEVIĆ & PARTNERS (Bosnia and Herzegovina), ŽURIĆ & PARTNERS (Croatia) and BOJOVIĆ & PARTNERS (Serbia) formed a new alliance – SOUTH EAST LEGAL ALLIANCE (SELA) – in the Balkans.

Banks have found themselves competing with direct lenders in the aftermath of the 2008 financial crisis. But they still have a key role to play in the global markets

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

Some EU member states want to attract funds’ business under AIFMD, but practical challenges remain

Carlos Fradique-Méndez Sebastián Boada Morales On September 30 2016, the Colombian Central Bank (Banco de la República de Colombia or BRC) issued External Regulation 14. It eliminated the obligation to file a foreign exchange declaration through a foreign exchange intermediary in respect of the remittance of funds under an exchange operation with a Colombian resident.

The US president-elect's position on regulation has been debated extensively. But his position on global US involvement, free trade and future policies is less well-known

A retrospective analysis of the now-defunct commercial lender’s fate under the current financial regulatory regime shows that it would likely not have needed a federal bailout

John Breslin The 2015 decision of the UK Supreme Court in Bank of Cyprus UK v Menelaou highlights the utility of subrogation as a remedy where traditional mechanisms (damages, injunction) are inadequate. The case also highlights the developing role of the law of restitution. Subrogation and restitution are well-established doctrines in Irish law.

English and US law have been key in shaping deal mechanics in the region. Understanding the main principles is crucial

Daniel Futej Dalimir Jančovič The new act on local development fees came into force in Slovakia on November 1 2016. Under the act, a fee will be charged for certain construction activities that take place in municipalities and cities. The act is a response to the extensive development in towns and municipalities that need new infrastructure but do not have the finances to fund the building. Investors pay the fee, and local governments should use the revenue to build technical and social infrastructure.