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The Irish Takeover Panel ‘s is just as strong The December sale of biotech firm Élan to Perrigo brought to an end one of last year's most watched hostile takeover sagas, and has revealed the Irish Takeover Panel's unwavering approach to its rules. The $8.6 billion acquisition by the US pharmaceutical company came off the back of the Irish target's defence of Royalty Pharma's $6.8 billion hostile offer.

In December Qatar telecommunications company Ooredoo announced it signed an agreement with a consortium led by Digicel to develop telecommunications towers in Myanmar. This is an important step for Myanmar infrastructure.

Regulators have taken steps to clarify the enforceability of put and call options in India. But there are outstanding issues to be addressed

Carlos Fradique-Mendez Laura Villaveces Hollmann Although the term green shoe came to be known in international markets more than 70 years ago, when the Green Shoe Manufacturing Company first implemented an over-allotment option as a price stabilisation mechanism in a Colombian offer, no such mechanisms have ever been fully implemented until very recently. In May 2013, Colombian cement company Cementos Argos, used a price stabilisation mechanism for the first time in its preferred share offer, which totalled 1.6 billion pesos ($800,000) after transaction managers exercised a green shoe option. The green shoe option was allowed in this transaction by the Colombian regulator in light of the particularities of the structure, including the fact that the offer was structured as a simultaneous offer, and was implemented as a two-tranche process.

Ignacio Buil Aldana Alicia Galindo Aragoncillo The Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (SAREB), also known as Spain's 'bad bank', created in November 2012, has become one of the major players in the distressed market. Since mid-2013, it has sold approximately 9000 assets for €3,500 million and still holds billions of euros of assets, which makes SAREB a very relevant lender of record in many distressed situations in Spain. Despite SAREB's key role in the distressed market, it has been unclear whether it should be deemed a financial entity in the context of a Spanish Scheme (such schemes apply exclusively to financial entities according to Spanish law) and, therefore, whether SAREB should be taken into consideration for majority purposes; and, more importantly, whether SAREB could be crammed-down under a Spanish Scheme. SAREB's activity is supervised by European authorities and by Spanish authorities (such as the Bank of Spain), even if it is not per se a financial entity due to its particular nature and its specific corporate purpose.

The introduction of new substance requirements for global business companies operating from Mauritius, which will become effective on January 1 2015, are part and parcel of a strategy to further boost financial services and increase their input to the country's GDP.

Nicolas Piérard and Samantha Meregalli Do Duc of Borel & Barbey provide a third view in this month’s Head-to-Head, by considering the interactions between a global financial regulator and the Swiss regulator Finma

All the highlights from this week's conference

The nominees for this year's Asia and Americas awards have been announced

As Islamic finance soars in popularity, IFLR examines which territory is leading the race to become the global hub for Shariah business