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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

The autonomous region's new resolution regime should smooth the way for wind-downs. Here’s how it would work in practice

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.

João Nuno Riquito Rui Filipe Oliveira In line with the recent regulatory tendency to focus on the real estate property market, the Macau government has prepared new legislation to regulate the management of a condominium's common areas.

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.

After months of speculation and uncertainty, the Shenzhen-Hong Kong Stock Connect is officially up and running. The scheme, which is the second of its kind, was officially launched on December 5, linking the two bourses for the first time since the Shenzhen Stock Exchange was opened in 1991. It will allow international and Hong Kong investors to trade in 881 Shenzhen-listed stocks up to a quota of RMB13 billion ($1.89 billion), while PRC investors will have access to 417 Hong Kong-listed stocks and be subject to a daily quota of RMB10.5 billion.

Asset managers in the UK are readying themselves for a new individual accountability regime previously only applicable to senior staff members at banks, and for some – particularly international-facing businesses – governance structures will have to be overhauled.

Joseph Condo In a major shakeup in central America, global law firm DENTONS announced a proposal to open offices in central America through a combination with MUÑOZ GLOBAL. The Costa Rican-based Muñoz brothers, José Antonio Muñoz and Pedro Muñoz, have split from leading firm Arias & Muñoz, which will now be known simply as ARIAS. Muñoz Global will also have offices in Panama and Nicaragua. Gisela Alvarez de Porras will act as managing partner of the Panama office, having previously acted as managing partner of Arias & Muñoz's Panama office, but left the firm in April 2016 to serve on an Advisory Committee of Independent Experts for the Government of Panama to review financial practices. The partnership for the Nicaragua office is yet to be announced.

Inconsistent legislation and home-grown commercial specificities mean investors need to factor the risk of entering India into their deals