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  • Conversion of an out-of-the-money interest rate hedge into a super senior swap term loan sets a significant precedent for distressed securitisation
  • Law 5 of 2002 as amended (Companies Law) sets out the statutory duties and liabilities of a manager (equivalent to the term director in other jurisdictions) in a limited liability company (LLC)
  • The Spanish Supreme Court rulings of January 8 and January 9 2013 put the discussion on the classification of claims arising from swap agreements to sleep for a while
  • The lighter side of the past month in the world of financial law
  • Euromoney Legal Media Group’s fifth annual European Women in Business Law awards were held at Grosvenor House, London on June 18
  • Both public-private partnerships and tax-exempt financing have the potential to improve US infrastructure. Pillsbury's Richard Epling, Peter Baumgaertner and Matthew Oliver explain why it’s difficult to benefit from both
  • Asian market participants have been second-guessing the types of capital the region’s banks will raise to comply with the FSB's upcoming TLAC requirement
  • The introduction of total loss-absorbing capacity (TLAC) requirements for banks has caused some jurisdictions to consider so-called tier 3 instruments. But investors and issuers would prefer more tier 2s, according to speakers at Fitch's Global Banking Conference in Hong Kong on June 17.
  • Suggestions include reducing risk weight floors for bank investors and beneficial regulatory treatment for qualifying securitisations
  • The European Commission's (EC) merger control enforcement rate is double that of the US and China, according to a recent report.