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Law enforcement authorities are cooperating more closely in tackling international fraud and bribery cases, leading to an increase in prosecutions and penalties around the world last year.

A European court's rejection of a UK challenge to the EU short-selling ban is set to have wide-ranging consequences for the way the 28-nation bloc regulates its financial services.

The Banten power plant is Indonesia's first power project not to require government support for the obligations of state utility PLN under the power purchase agreement (PPA).

All the nominees for this year's IFLR European awards

Samantha Gallagher, Arnold & Porter The announced dissolution of Heenan Blaikie is significant on many levels. Aside from being the biggest collapse in Canada's legal market, it may also point to severely limited restructuring options for other large law firms that see their profits dwindle. Moreover, it has flooded the Canadian legal market with professionals in many different practice areas looking for a new platform. One of the firms to benefit is MCCARTHY TÉTRAULT, which picked up Frederico Marques, a Brazilian-qualified lawyer who acts as a foreign legal consultant in Canada. Before joining Heenan, Marques worked in-house at Vale, Brasil Telecom and Odebrecht, applying his expertise in M&A, joint ventures and financing transactions in the mining and infrastructure sectors.

China’s government might not allow its banks to default until it finalises its bankruptcy regulations for financial institutions

A lack of prime RMBS issuance last year created a window for non-conforming and more bespoke trades. Here’s what to expect from 2014

Costas Stamatiou Following the bail-in of depositors as a condition of international financial support to Cyprus in March 2013, restrictive measures were imposed on deposits within the Cyprus banking system as of March 15 2013. These restrictions are gradually being relaxed, and the government has announced that it hopes to remove them entirely in the first few months of 2014. It should be noted that the restrictive measures apply only to funds within the Cyprus banking system as of March 15 2013. Any funds introduced after that date are free of any restriction. Further progress towards the normalisation of the banking system has been made with the release by Bank of Cyprus, the largest commercial bank, of €950 million ($1.3 billion) of blocked deposits. When the bank was recapitalised in July 2013, €2.9 billion of deposits were blocked. The target date for release of the first tranche of €950 million was the end of January 2014, with an option for the bank to roll over the deposits for a further period of six months. Having established evidence of improving stability in its deposit base and an increasing level of customer confidence, the bank's management determined that there was no need to exercise the option to roll over the deposits, and accordingly released them. The Ministry of Finance and the Central Bank of Cyprus have welcomed this move as a significant step in strengthening the confidence of the public and investors, and as an indication that the banking system is on course for stabilisation.

Hogan Lovells’ Imtiaz Shah and Erin Kiem on why foreign investors are choosing joint ventures with local partners over traditional franchise arrangements

Recently announced EU reforms introduce yet another set of compliance considerations for traders, and the possibility of greater regulatory intervention