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The lighter side of the past month in the world of financial law

David Ethridge, senior vice president and head of capital markets at the New York Stock Exchange, discusses opportunities for Korean companies in the US equity capital markets

The private equity firm’s acquisition of a majority stake in the German hearing aid business used a new-style management participation vehicle and novel warrants

Can Hong Kong and Shanghai’s legal and regulatory systems connect as well as their trading and clearing systems?

Luis Gabriel Morcillo-Méndez Maria Camila Ordoñez The Colombian Ministry of Finance enacted Decree 1648 of 2014, by which it incorporated hybrid instruments into the Colombian regulation, particularly in connection with financial institutions. This comes as a result of recommendations made by the Basel Committee on Bank Supervision (BCBS) regarding hybrid instruments and their incorporation as mechanisms for issuers' absorption of losses. By means of such decree, the Ministry included hybrid instruments as part of the additional basic capital of the Colombian institutional entities and established the required criteria for losses absorption. This innovative action allows financial institutions, from now on, to issue hybrid instruments and use them not just as a temporary financing source, but as a future losses absorption mechanism, which will prevent them from an actual liquidation or facilitate their financial recovery.

Daniel Futej Rudolf Sivák It has been more than a year since the amendment to the Act on Residence of Foreign Nationals took effect. In this article, we will look at the practical application of the new rules. Foreign nationals come to Slovakia for various reasons, one of the most popular being to conduct business. If a foreign national wishes to remain in the country for this reason, they must apply for temporary residence. Temporary residence permits are usually granted for one and half years for conducting business, and may be extended repeatedly.

Sky Yang of Bae Kim & Lee outlines recent legislative changes as South Korea finally comes round to tightening its data protection regulations

Sarah El Serafy The Qatar Financial Markets Authority (QFMA) issued rules on margin trading on September 10 2014. Prior to the issuance of the Margin Trading Rules, margin trading was only mentioned as a regulated activity under Law 8 of 2012 (QFMA Law) among other activities listed in the definition of 'financial services. The margin trading process for customers of a QFMA-licensed financial services company is spelt out in detail under the Margin Trading Rules. The Rules cover the opening of the account up to the registering of shares with the Qatar Central Securities Depository (QCSD), as well as registering increases on the customer's accounts opened by the financial services firm managing the account for the customer.

Isil Ökten Aslihan Özbey Akbank TAS has established a covered bond programme in an aggregate principal amount of up to €1 billion ($1.1 billion), which is the first ever mortgage-backed bond programme in Turkey. The first mortgage covered bond programme in Turkey was established on December 23 2014 on the approval of the base prospectus by the Central Bank of Ireland, after a challenging process. This programme comes after many years of hard work by the legislator, the issuers and the arrangers. Numerous changes have been made to the legislation to enable the first issue, and it would still benefit from further clarifications.

Kyle Shin, CEO of Korean hedge fund Gen2 Partners, discusses the domestic regulatory regime and the future for hedge funds in the country