Finance Law and Banking Law

This is the first of a series of trend reports tailored for our clients and friends to help companies stay a step ahead of legal issues that may affect their businesses.

Underlying the current financial crisis, developed economies continue to struggle with the twin challenges of a disruptive global re-ordering and the transition from industrial to knowledge-based economies.

The global economic crisis has powerfully re-taught a lesson that we have understood for some time — the whole world is economically connected.

Luxembourg has positioned itself as a cornerstone of the global investment fund industry, holding the title of the second-largest investment fund center worldwide, surpassed only by the United States.

ASIC's proposed updates to its guidance on digital assets, including the interpretation of the Corporations Act 2001.

Updated guidance from the ASX expands the scope of circumstances where entities are not required to disclose a counterparty or customer's name in an announcement about a market sensitive contract.

In order to clearly explain the effects of the Carriage of Goods by Sea Act 1992¹ and to make an attempt to consider whether or not the new legislation can be regarded as an exhaustive and satisfactory piece of work we have to go back to 1855.

The new Turkish Commercial Code ("NTCC") will enter into force as of July 01, 2012. Although the provisions regarding the commercial agents ("agents") are in parallel with the current Turkish Commercial Code ("TCC") in general, the NTCC has introduced some important novelties in order to harmonize the agency provisions with the Council Directive 86/653/EEC . In this article, these novelties will be briefly examined.

Providers of financial services must remain vigilant when providing financial advice to clients.

M&A activity increased significantly in 2011, marking the second consecutive year of growth after the market decline of 2008 and 2009.

On May 21, 2012, FINRA issued Regulatory Notice 12-25, in which FINRA provided additional guidance on its new suitability rule, FINRA Rule 2111.

Last week, the International Swaps and Derivatives Association released a letter it submitted to the Ontario government in support of the Ontario Bar Association's proposal to provide an automatic first priority ranking to financial institutions that have a security interest in cash in financial accounts perfected by control.