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Despite doubts over how progressive the new Turkish Commercial Code will be, Duygu Turgut and Orçun Solak of Esin Attorney Partnership suggest it is still a step forward for the reemerging economy

The Financial Services Commission has recently issued special guidelines for professional directors, especially those sitting on multiple boards in the global business sphere. In addition to the fiduciary duties expected from directors, resident directors must demonstrate that they have sufficient time to prepare for and attend board meetings. Resident directors are also expected to have a reasonable number of directorships. Reasonableness will be judged on various factors including, but not limited to, the number of board meetings being held, categories of companies and staff supports available to the director.

The deal, team and individual nominees for this year's expanded awards

Bank of America Merrill Lynch (BofA) is recognised for having the key components for a strong DCM group; a large book and innovative strategies for tackling deals. While nearly anything will sell in an active market, prevailing conditions have required greater creativity on the part of banking teams.

The lack of EU recognition of Islamic banks has contributed led to their lack of profitability. Here’s why

Mexico’s state-run power sector is set to liberalise. The proposed reforms give an early indication of how private entities will be able to participate

The region’s market watchdogs are beefing up their surveillance and enforcement activities. Here are the latest statistics and strategies

Alexei Bonamin Marcus Vinicius Fonseca On September 5 2013, the Brazilian National Monetary Council enacted Resolution 4,263, which finally regulated structured operations certificates (certificado de operações estruturadas) or COEs. Similar to a structured note, COEs are already used by banks in other countries, which allows the combination of different investment structures, such as fixed-income and variable-income, in one instrument. The COE was created in 2010 together with financial bills (letras financeiras) by the Provisional Measure (Medida Provisória) of December 15 2009, (converted into Law 12,249 of June 11 2010), to be a fundraising alternative for banks established in Brazil.

Felipe Cuberos of Prietocarrizosa analyses the development of bankruptcy and restructuring laws in Colombia

The People's Republic of China (China) and the Macau Special Administrative Region of the PRC (Macau) signed, on October 17 2003, the Mainland and Macau Closer Economic Partnership Arrangement (CEPA). The purpose of this agreement, which is an FTA-like arrangement concluded between two separate customs territories of a single sovereign state, is to promote the joint economic prosperity and development of China and Macau, as well as to enhance the level of economic and trade cooperation between them. Moreover, CEPA is an open agreement, that is, its contents can be continuously deepened, enriched or amended, according to the economic needs of the two parties. In this regard, over the past decade, 10 supplements to CEPA have been signed, the last of which – Supplement X to CEPA – was signed on August 30 2013, and will come into effect on January 1 2014.