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Hong Kong's Bingham McCutchen saga finally came to a close last month with Vincent Sum, the city's last partner standing at the now defunct firm, joining MAYER BROWN JSM. Late last year there had been a six-partner exodus from the US outfit with Akin Gump Strauss Hauer & Feld the beneficiary.

Last month the US eased its trade and travel restrictions on Cuba, including easing restrictions on financial institutions. The policy change follows an announcement by President Obama in December to change the 54 year-old policy. Obama can't lift the trade embargo without approval from Congress, but through the Treasury and Departments of Commerce he was able to ease some of the rules.

Marc Plepelits, Allen & Overy Franck Coudert, Clifford Chance Kvetoslav Krejcí, Kinstellar Christoph Stoecker, DLA Piper David Haccoun, Osborne Clarke

Hong Kong and Shanghai captured speakers’ imagination at the 10th annual Asia Capital Markets Forum

Rafiq Jaffer Factoring is a financing technique that enables an exporter to collect the purchase price of the goods relating to an export transaction before the due date of payment. Typically, banks in Qatar act as factors and purchase receivables relating to the export transaction. The same technique is also used for financing contractors and sub-contractors, where works have been performed or goods and services have been supplied and payment under the corresponding invoice is payable after a period of time (such as 90 days). This latter technique is referred to as invoice discounting. One key commercial consideration for companies seeking to sell their receivables is for the receivables to be removed from their balance sheet as a debt and to appear as revenue that has been collected. This treatment is possible if the receivables are sold on a without-recourse basis. Auditors usually require a legal opinion to confirm that a true sale of the receivables has been effected.

The new breed of sovereign bonds to combat the perceived rise in power of holdouts in sovereign restructurings is growing in popularity

New staff letters suggest the early stages of an exemptive programme for non-US clearinghouses, offering flexibility to foreign houses

Recommendations on policies affecting international investor exits could change India’s FDI landscape. Private equity may especially benefit

The deal and team nominees for this year's ceremony have been announced

Industry associations fear that Esma's far-reaching reforms could have unintended consequences for the region's capital markets