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  • Regulators must break down the barriers to the distribution of funds across member states to improve cross-border investment and capital market activity in the EU, according to a September report by France's securities regulator.
  • The world's first green masala bond has brought the lack of clarity over the full application of India's capital gains tax to the surface.
  • Financing for the largest ever Chinese investment into the UK, nuclear power station Hinkley Point C, has successfully closed. The power station is also Europe's biggest infrastructure project.
  • Avtoban is on its way to achieving financial close on the multi-billion MCRR project
  • A $2 billion bond offering to finance the construction and development of the New Mexico City International Airport is being hailed as the largest inaugural bond offering ever for a new airport.
  • Petrobras, the Brazilian state-owned energy company, is selling gas pipeline networks in a landmark deal. Local lawyers who worked on the $5.2 billion transaction see it as a sea-change in the country's energy market.
  • Alicia Videon Nadim Khan Aian Abbas Shaun Lascelles
  • John Baptist Chan There have been some interesting developments in the past month in some of the larger markets in Asia-Pacific. In Hong Kong, Wall Street firm CADWALADER WICKERSHAM & TAFT decided to end its operations in Beijing and Hong Kong, becoming the third major firm - following Fried Frank Harris Shriver & Jacobson and Chadbourne & Parke - to do so in the past 15 months in what is becoming an increasingly tough market for international outfits.
  • Monica Arora Carl Frischling Following an August lull, September saw the return of lateral movement between leading US firms.
  • Carlos Fradique-Méndez Sebastián Boada Morales The Colombian Central Bank (Banco de la República de Colombia or BRC) is the regulatory authority in charge of foreign exchange (FX) matters. As such, it is in charge of overseeing the Colombian cross-border derivatives market and the local derivatives market related to FX operations. Contracts for difference (CFDs) are generally defined as derivatives products that allow investors to take a position on the changes in value of an underlying asset. Until recently, Colombian regulation did not consider these types of products to be financial derivatives.