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Behind the headlines and regulatory initiatives, the local markets still have room to develop

Business owners considering a significant sale must now give staff the opportunity to make a competing offer. Proskauer Rose lawyers explain the practical way to deal with the new rules

On January 27 2016 a committee established by the Irish parliament delivered its report on the banking crisis in Ireland (the Report)

While adjudicating a dispute between an international oil company and the Federal Inland Revenue Service (FIRS), the Nigerian Tax Appeal Tribunal (TAT) recently held that where there is a conflict between an agreement and statute, the provisions of the statute prevail

Diversity; a source of richness, even in the financial world Europe's covered bond community breathed a collective sigh of relief last month following Commissioner Hill's suggestion that he is not seeking a single rulebook for the asset class.

This latest instalment of Corporate Governance Quarterly analyses a Delaware ruling that revisits the Revlon rule. It could change the way boards sell their companies

Counsel in the US are examining new rules on margin requirements for uncleared swaps. While the rules will boost counterparty risk management, they may also negatively impact the availability of collateral, boost shadow banking and increase transatlantic regulatory arbitrage.

Perry Yam Austrian boutique RAUTNER announced the hire of its second partner in February. Meera Ramakrishnan, who joined from the Law Office of Dr F Schwank, will advise on banking and finance, corporate and M&A and real-estate matters.

When should a EU directive become a regulation? Some think it's a question worth asking about the Bank Recovery and Resolution Directive (BRRD). Attention has certainly been drawn to the directive since Bank of Portugal's (BoP) December write down of Novo Banco's senior bond tranches.

When the Central Bank of Myanmar (CBM) announced its second round of foreign bank licensing last December, many were shocked by the pace of the country's liberalisation. But whether their astonishment was a remnant of euphoria from the National League's landslide election victory, or dizziness from a sudden revocation of all foreign exchange licences, was anyone's guess. While some domestic and foreign banks have questioned the government's seemingly overzealous quest for foreign investment, with the first round having taken place just a year prior, others have begun to feel the pinch of reality.