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The news that London has finally issued its maiden sukuk has everyone excited that Islamic finance could become a viable option for corporates in the western world. However, alongside the jubilation comes another round of inevitable discussions about competition between finance centres vying to gain the biggest slice of the lucrative shariah market.

Deal counsel explain why the funding of a railway and highway across the Bosphorus gives Turkish project finance cause for optimism

Thomas Sando One of the changes to the Norwegian Competition Act (the Act) that entered into force on January 1 2014 was the amendments to the leniency scheme available for cartel participants considering blowing the whistle to the Norwegian Competition Authority (the NCA). Under the previous scheme, the conditions for obtaining leniency were hidden in the Leniency Regulation. From January 1, the conditions are included in the new sections 30 and 31 of the Act, dealing with complete and partial leniency respectively. Besides the relocation of the conditions for obtaining leniency, the amended scheme introduces a marker system in line with the system in the EU. This is an improvement, as it will be possible for leniency applicants to initially bring only limited information, yet receive leniency rights from the time of the initial application.

Jeff Bullwinkel, Microsoft's director of legal for the Asia Pacific, explains why a complance benchmark would help assure firms that they can adopt the cloud without flouting the region’s maze of regulations

Linklaters' Michael Bott and Ryan Ayrton analyse the new clauses that are helping bank syndicates navigate sanctions' impact complex financial instruments

The US district court judge lost his battle against the SEC’s settlement policy, but he may have won the war. Here, a former SEC commissioner explains why

Oene Marseille Emir Nurmansyah Indonesia's House of Representatives has approved a draft government regulation on National Energy Policy (the Energy Draft), which sets out guidelines for the country's energy policy through to 2050. The passage of this long-term roadmap of Indonesia's energy policy is not without controversy and as of June 2014, the draft regulation has not been signed by the President. The Energy Draft 's target is for the nation's electricity capacity to more than double by 2025 to 115GW (as of end 2013, the installed capacity is 47GW). The capacity is envisioned to further increase to 430GW by 2050.

Pedro Cortés Marta Mourão Teixeira The Legislative Assembly of Macau is debating the proposal of a law on the prevention and repression of corruption in the context of external trade. The UN Convention Against Corruption, adopted on October 31 2003 in New York and ratified by the People's Republic of China (PRC) on January 13 2006 establishes, in its 16th article, that each State Party should adopt legislative and other measures to discipline acts of corruption by foreign public officials and officials of public international organisations, whether undertaken actively or passively.

John Breslin Karole Cuddihy The Irish High Court decision in Ulster Bank Ireland Limited v Dermody (2014) has raised an evidential issue for financial institutions contemplating debt enforcement and possession proceedings. The issue is whether, in proceedings brought by a bank, evidence grounding the proceedings can be given by an officer or employee of a legal entity other than the bank. In a number of cases, the intended deponent will in fact be an employee of a related company (or in some cases an employee of an external service provider), even if they have carried out the day-to-day dealings with the customer. In Dermody, the person who swore the affidavits grounding the application for summary judgment was not an employee of Ulster Bank Ireland Limited (UBIL), but rather of Ulster Bank Limited (UBL), a related company which dealt with the debt collection process of UBIL on its behalf. UBIL was a wholly owned subsidiary of UBL.

Ecommerce in India is growing exponentially in several areas, including online travel services, retail, and other services such as taxis, education, hospitality, food and drink and even secretarial support. According to industry surveys, ecommerce could represent up to four percent of India's economy by 2020, compared to less than one percent now.