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The effectiveness of material adverse change clauses are being whittled away in Australian public M&A, a recent report has revealed

Diversity requirements introduced by the Hong Kong Stock Exchange one year ago have had little effect, a new study has revealed

Iñigo de Luisa We previously wrote about Royal Decree-law 4/2014 of March 7 (RDL 4/2014), which introduced important changes at preinsolvency stages and improved the restructuring tools and schemes in Spain. This piece of law is already effective, but is at the Parliament for final enactment and is subject to additional minor amendments. Now, Royal Decree-law 11/2014 of September 5 (RDL 11/2014), amends once again our insolvency regime both at composition and liquidation phases in order to foster financial restructuring of viable companies. RDL 11/2014, among other key issues, extends to composition agreements some of the key measures introduced by RDL 4/2014 for restructuring schemes at preinsolvency stages. As a result, both general and special privileged creditors (including public entities) could now be specifically affected by composition plans, even in the portion covered by the value of the collateral.

Foreign investors will soon be allowed to buy and sell shares on the Tadawul. Does it mark the beginning of a new liberalised investment environment?

Professor Chris Brummer analyses the macroprudential issues that will need to be ironed out as the RMB becomes a global currency

The region's new and established authorities are redoubling their efforts. Linklaters' Clara Ingen-Housz and Fay Zhou explain how to manage the risk of increased enforcement

James Douglas, Freshfields Bruckhaus Deringer A high volume of lateral moves took place as the summer drew to a close. WEIL GOTSHAL & MANGES, a firm plagued by defections in recent months, gained an experienced partner in early September in the form of Damian Ridealgh from Ashurst in New York. The M&A and corporate finance partner has a strong background in the UK's financial markets, having worked in London before his move to New York in 2003. HOGAN LOVELLS bolstered its finance practice in New York with the hiring of Lewis Cohen as a partner. Cohen, previously a partner at Clifford Chance, specialises in capital markets transactions. In yet another hire in the banking and finance area, MCGUIREWOODS gained Kay McNab, a Chicago-based partner with Winston & Strawn. McNab advises underwriters and placement agents in domestic and cross-border secured and unsecured loan transactions and has extensive experience working with venture capital firms.

Do any more US politicians want to blame companies for the country’s inversion issues? It is rare that a piece of corporate accounting and tax planning should be the topic of wide public discourse. But the number of US tax inversion deals launched over the past year has sparked both the public's and politicians' interest. This has been further heightened by the involvement of several household names in these types of deals. Pfizer, Burger King, and Walgreens (which eventually decided against a tax inversion despite a merger with British company Alliance Boots).

The Stock Exchange of Hong Kong's highly-anticipated concept paper on weighted voting rights furthers the market's debate on non-traditional shareholding structures.

The possibility that Scotland could have voted to leave the UK raised many difficult questions, not least of which was a constitutional crisis in the UK. But the ripple effects of a split would have spread throughout the EU.