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  • John Breslin The Credit Reporting Act 2013 (the 2013 Act) will establish, for the first time in Ireland, a central credit register operating on a statutory basis. The register will be administered by the Central Bank of Ireland (the CBI). The register will replace the Irish Credit Bureau – a scheme currently operated by banks but which has no statutory basis. The new register will establish a mandatory reporting system. The CBI will use it to collect statistical information about consumer and business credit in Ireland. Establishing the register was one of the requirements of the so-called Troika (the International Monetary Fund, the European Central Bank and the European Commission) when Ireland's bail-out programme began in 2010.
  • Radka Sláviková Geržová Martin Ilavský The new Code of Civil Contentious Procedure entered into force on July 1 2016. It aims to speed up the litigation process. Previously, cases would often drag on for several years because the parties to the dispute had submitted their allegations and offered evidence to the court in small bits at a time. This may have been for tactical reasons, or because the facts and evidence did not arise all at once.
  • Brexit could impact bespoke derivatives trading documentation. And the possibility of dual compliance requirements will further add to transaction costs
  • The nation is the first European entity to tap the third-largest bond market in the world, setting the benchmark for others to follow
  • Guilain Hyppolyte Sonya Paul Ben Davis The Baltics has seen the creation of its latest alliance. Aivar Pilv in Estonia, Fogels Vītols & Paipa in Latvia and Balčiūnas & Grajauskas in Lithuania will rebrand as the LEADELL group of firms, known as Leadell Pilv in Estonia, Leadell Fogels Vitols & Paipa in Latvia and as Leadell Balčiūnas & Grajauskas in Lithuania.
  • In the second part of a three-part series, a senior lawyer at a US investment bank analyses divergent regimes in Hong Kong and Singapore
  • After months of speculation and indecision, China's State Council finally gave on July 18 its official backing for the planned revival of the debt-to-equity swap initiative which was last used in 1999. This was followed by a new document issued by the Council on August 22 urging non-financial enterprises, such as suppliers, to swap their accounts receivable for equity in their indebted clients.
  • Anheuser-Busch InBev landmark £79 billion takeover of UK rival SAB Miller could face some interesting times ahead, after the UK High Court ruled that two of the target's main shareholders had to be classed separately when voting on a scheme.
  • Keith Noreika The past month witnessed a bit of a slowdown in terms of lateral moves in the US. In contrast to the previous two months, there were no multi-partner jumps from one firm to another, and fewer partner moves overall.
  • Credit enhancement initiatives are restoring investor confidence, and helping boost infrastructure projects