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Krung Thai Bank’s Tier 2 offering has become the first internationally-sold Basel III-compliant offering from Thailand. Here's how

The first sukuk issued by a non-Muslim country bolsters London’s plan Islamic finance hub plans

A disjointed regulatory framework has hampered efforts to oversee private investment funds. Here are the lessons that must inform the next round of rulemaking

Hudbay Minerals' hostile takeover of Augusta Resource reveals the rapid progression of defensive tactics in Canada.

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.

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.

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

Ignacio Buil Aldana José Luis Lucena Rebollo Under the Spanish Insolvency Act, clawback is a mechanism enabling an insolvent company's trustee (or the creditors, indirectly) to challenge transactions it entered into within two years of an insolvency declaration, if these transactions are prejudicial to the estate. Even if the parties acted in good faith, proof of prejudice to the estate is sufficient to avoid the transaction and restore the company to the position it would have been in had it not carried out the transaction. In practice, clawback risk contributes to an atmosphere of legal uncertainty for creditors involved in transactions with distressed companies. These transactions typically include refinancing agreements, the granting of fresh money, amendments to the security interest, and even assignments of debt positions.

Banks’ use of the template is not as guaranteed The Asia Securities Industry and Financial Markets Association (Asifma) is drafting an umbrella agreement to supplement Hong Kong's comfort letter standard. It is expected to speed up negotiations between underwriters and auditors. The Hong Kong Standard on Investment Circular Reporting Engagements 400 (HKSIR 400), which was revised in December 2012, sets out the form and substance for comfort letters and bring-down letters. Since HKSIR 400's revision, Asifma has been having discussions with its members regarding an umbrella agreement to supplement the HKSIR 400 form for debt capital markets deals.

All but two of the region’s governments intend to use it