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  • Brighter days ahead for the world’s former financial pariah Argentina returned to international capital markets in late April, issuing $16.5 billion in bonds. Local and US counsel are cautiously optimistic, seeing both opportunity and challenges ahead.
  • The cross-pollination of asset classes is, by now, old hat. Bonds adopt equity characteristics, there are triple recourse residential-mortgage backed securities, and with structured products it seems the only limit is your imagination. But while such tinkering – albeit more prudentially and closely scrutinised since the crisis – is fair game for most securities, there is one glaring exception.
  • The Minister for Finance in Ireland recently announced that the National Asset Management Agency (Nama) has written off some €1.5 billion (approximately $1.7 billion) of debts owed by 80 debtors
  • The Central Bank of Nicaragua, in its capacity as the regulator of the country’s payment systems, has authorised the first automated clearing house manager in Nicaragua
  • From 2012 until 2014, the Spanish Ministry of the Economy set out a plan to pay suppliers any unsettled invoices from the municipalities and the regions
  • In this digital age, all businesses must make decisions about purchasing suitable, functional software, whether immediately on incorporation or later after they are up and running
  • In March 2016, the Basel Committee on Banking Supervision (BCBS) published separate reports assessing the compliance of Turkish prudential rules with minimum Basel requirements in relation to risk-based capital standards and the Liquidity Coverage Ratio (LCR)
  • On February 24 2016, the Japan Exchange Regulation (JPX-R) established the Principles for Dealing with Scandals at Listed Companies (the Principles)
  • A draft bill on minerals and coal mining is currently being circulated for discussion in the House of Representative of Indonesia
  • Macau’s Secretary for Economy and Finance has announced the end of proxy betting in Macau casinos, effective from May 9 2016