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  • The Securities and Exchange Commission (SEC) turned its attentions to private equity (PE) in 2012 and introduced the need for funds to register. Four years on, counsel are still considering the impact of the changes, and PE funds themselves are learning to live with increased scrutiny.
  • The current economic downturn has caused many Brazilian companies to file for judicial reorganisation in local courts (a procedure similar to Chapter 11 of the US Bankruptcy Code)
  • A recent English court ruling serves important lessons for how to draft junior creditor rights regarding the miscalculation of interest due
  • On February 26 2016, the State Bank of Vietnam (SBV) issued Circular 03/2016/TT-NHNN, which provides guidance to enterprises on foreign exchange management for borrowing and repaying foreign loans (Circular 03)
  • 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