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  • Counsel in Japan say the new bill fails to define the nature of a virtual currency, with some arguing that bitcoin should be treated as formal tender
  • Counsel argue that the city’s approach to merger control is too relaxed. They think the rules should apply to all sectors
  • Opeyemi Atawo and Bukunola Alakija of Kayode Sofola & Associates assess the growth outlook of Nigeria
  • In light of new foreign direct lending guidelines for Chinese companies, counsel have warned investors to do their homework first
  • In previous decades, economic policymakers were either coxswains or rowers. In the case of the former, they'd sit at the back, keeping an eye on where the team is heading. The latter simply row with strength.
  • Since China secured its special drawing rights status last December, the Xi administration has set its sights on another international accolade to boost its ever-growing stature – recognition by MSCI.
  • Bob Penn A new boutique was launched in Austria in May. Specialising in financial and corporate work, real estate and disputes, A20 was established by Marie-Agnes Arlt, Martin Oppitz, and Hermann Ortner. The former two joined from Grohs Hofer, and the latter moved from Kunz Schima Wallentin (KSW). All three founders were partners at their previous firms.
  • The Basel Committee on Banking Supervision (BCBS) has dropped a proposed rule requiring banks to hold extra capital against the risk of rising interest rates. As a result, the Committee has been reported as both softening and hardening its line on interest rate risk (IRR).
  • Volatility, covenant erosion and overzealous reforms will define this year’s markets according to speakers at the London event
  • Cyprus has now enacted all the new laws required to align its legislative framework with the 2014 EU Bank Recovery and Resolution Directive (BRRD) and the 2014 Deposit Guarantee Schemes Directive