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The Santiago Stock Exchange and Toronto Stock Exchange Venture's (TSXV) planned junior market in Chile could allow companies to seamlessly dual list on both bourses.

The offshore RMB market’s future? As international financial centres compete for the status of offshore renminbi hub, some market participants fear a rise of transaction risk due to the currency's lack of a natural home. Trades between two US dollar-denominated accounts are cleared in New York while onshore renminbi trades are cleared via the China National Advanced Payment System. But offshore renminbi can be cleared in Hong Kong, Taiwan and Singapore. London and Frankfurt will also gain clearing capabilities soon.

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

A remuneration policy led by non-executives and which is clearly disclosed in the directors' remuneration report is one of five key ingredients to good corporate governance, Barclays' chairman said last month.

The use of UK schemes of arrangement (SOA) by foreign-incorporated companies has been boosted by a decision to allow German company APCOA Parking to utilise a scheme despite minimal connection to the country.

Corporate governance failings could be banks' biggest weakness in future stress tests, new research has revealed.

In tandem with high M&A dealflow, US and Canadian law firms aggressively expanded their corporate practices in late April and early May. One of the latest firms to ramp up its private equity practice is MCDERMOTT WILL & EMERY, which lured transactional and fundraising partner Michael Sartor from Ropes & Gray. On the opposite coast, SIDLEY AUSTIN recruited emerging companies and venture capital specialist Sam Zucker as a partner in Palo Alto. Late in April, KIRKLAND & ELLIS announced the opening of a Houston office and its hire of M&A lawyer Andrew Calder from Simpson Thacher & Bartlett, whose private equity clients have included KKR and Blackstone Energy Partners.

Clean Energy Finance Corporation's (CEFC) loan to an Australian wave energy company introduced a new financing structure for projects that are not yet commercialised.

Is it possible infrastructure debt funds have too much?

Ekflodia Leskaj The Government of Albania has issued the final version of the draft law on value-added tax (VAT). According to the Minister of Finance, once approved by the Parliament, the new VAT law is expected to enter into force on January 1 2015 and replace the existing law on VAT, as well as all respective regulations. The draft law has been prepared with the support of the EU, setting as its principal aim the harmonisation of legislation on VAT with the acquis communautaire, in compliance with the Stabilisation and Association Agreement. One of the main intentions of the draft law is to remove double VAT taxation for transactions between Albanian and foreign businesses located in any EU member state (according to the destination principle).