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The country's restrictions on promoting offshore products are vague at best. Here’s how foreign marketers can solicit investors, without falling foul of the rules

Strong equity markets have prompted sellers to consider parallel exit routes. But as By Herbert Smith Freehills' Philippa Stone and Nick Baker explain, running two deals at once prompts legal challenges

The country's financial sector must address its large volume of non-performing loans. Gianni Origoni Grippo's Giuseppe Schiavello analyses a recent reform that could make it easier for banks to offload these portfolios

Rashid Bahar and Thomas Reutter of Bär & Karrer analyse two new bills that seek to widen the regulation of Swiss financial services

Clifford Chance's Stuart Ure and Mark Dickinson describe how the wave of regulations brought on by Basel III has sparked further innovation in Islamic finance

Vassiliyan Zanev and Arnaud Barchman of Loyens & Loeff explain what Luxembourg has been doing to make it the EU Islamic finance hub

Market conditions are primed for Russian corporates to buy back their eurobonds. Debevoise & Plimpton's James Scoville, Robert Manson and Dmitry Karamyslov describe the particularities of the original issuance structures that must be taken into account

Amid soaring foreign demand, the renminbi's transition to a global currency seems inevitable. But internationalising the market requires new infrastructure, and presents significant risks

Other capital funds as one of the components of a company´s equity in Slovak entities (Funds) are used primarily when there is a need to inject cash into a company in a very short time. A company's equity comprises: (i) share capital; (ii) capital funds (including the Funds); (iii) funds created from net profit; (iv) profit or loss from previous years; and, (v) after-tax profit or loss for the accounting period. The issue of contributions to Funds has long been a subject of intense legal discussion in Slovakia. The main discussion is focused on the issue of whether the Funds may represent cost free contributions and may be freely returned to the shareholder who provided them.

In Chief Counsel Advice 201423019 (CCA), the IRS [Internal Revenue Service] rejected a taxpayer's attempt to mark to market mortgage loans held in a non-REMIC [real estate mortgage investment conduit] securitisation trust. It found, among other things, that loan modifications alone were not sufficient dealer activity. Unfortunately, the CCA's tangled analysis raises more questions than it answers.