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  • A scheme based on the mutual recognition of PRC and Hong Kong funds has recently been announced
  • In-house and leading private practitioners gathered in London on May 19 to discuss how to encourage and capitalise on the continent’s growth story. Here are their key messages, and most candid off-the-record quotes
  • The Bribery Act is of little use while it is still being tested Buyers interested in business lines and assets being sold by Brazil's state-run oil company need to beware the corruption liability they may assume. Indebted oil giant Petrobras is looking to sell assets to shore up its financials and focus on its core business amid bankruptcy concerns and a corruption scandal. For potential buyers though, the liability hangover could cost them more than the deal itself.
  • Nicaraguan Congress recently approved law 899, the Investment Companies Law, which was published in the official Gazette 76 (April 27 2015)
  • On February 18 2015, Qatar issued Law 1 of 2015, amending certain provisions of the Labour Law 14 of 2004
  • The lighter side of the past month in the world of financial law
  • With our economy finally showing clear and consistent signs of recovery, the Spanish legislator has responded to an old demand from entrepreneurs and representatives of some of the most relevant SMEs in the country
  • A frican governments, long the targets of institutional investors, development funds and corporates hungry for a piece of their growth story, are fighting back. From Kenya to Nigeria, Ghana to Mozambique, state departments are reversing the procurement process. Foreign counsel should take note.
  • As Europe's financial regulatory onslaught approaches its end, attention is turning to market inefficiencies that have fallen by the wayside. These are the issues that receive very little press. Often because they are not contentious, and contrary to the post-crisis anti-regulator mindset, market overseers are not to blame.
  • China's interpretation of some international conventions as well as its broad state secrecy laws and regulations have constructed a type of firewall around its financial institutions. This has, essentially, rendered them nearly immune from the jurisdiction of other countries' courts and regulatory agencies. That may have short-term benefits – namely avoiding litigation in the US – but could ultimately harm their integration into the global financial system.