The recent decision in BNY Corporate Trustee Services Limited v Eurosail has provided helpful guidance on the interpretation of the insolvency tests set out in section 123 of the Insolvency Act 1986. This guidance is of significance to anyone creating contracts containing this type of provision.
Law Firm: Wragge & Co | Published: 24 May 2013 | Practice Area: Regulation and Enforcement
The 'Virgin Islands Special Trusts Act' came into force on 1 March 2004 and was introduced in order to allow a shareholder to establish a BVI trust over a BVI company which disengages the trustee from administrative and managerial responsibility in relation to that BVI company.
Law Firm: Harneys | Published: 24 May 2013 | Practice Area: Succession Planning and Trusts
A&O's global tax practice have prepared an overview of the most relevant tax considerations for inbound acquisitions. For each jurisdiction, the guide outlines the respective transaction taxes and provides guidance on structuring inbound acquisitions in the most tax-efficient way.
Law Firm: Allen & Overy | Published: 24 May 2013 | Practice Area: Enforcement and Regulation
Baker & McKenzie reviews the key legal, regulatory and market developments affecting UK and EU structured capital markets transactions. Issues covered in this edition include collateral eligibility criteria; the Basel Committee's global controls to large exposurel; and the new UK regulatory regime.
Law Firm: Baker & McKenzie | Published: 23 May 2013 | Practice Area: Capital Markets and Debt Securities
The Republic of Cyprus has published a Decree clarifying which restrictions are in place in relation to the use of credit and debit cards and other payment instruments including the amounts that can be withdrawn and/or transferred from such instruments. Harneys summarises the restrictive measures.
Law Firm: Harneys | Published: 22 May 2013 | Practice Area: Regulation and Compliance
The UK Treasury recently published its responses to its January and March consultation papers on implementation of the Alternative Investment Fund Managers Directive. Travers Smith focuses on some of the main points of importance which emerge from the response to the January consultation.
Law Firm: Travers Smith | Published: 21 May 2013 | Practice Area: Regulation and Compliance
The May edition of DLA Piper's Asia corporate newsletter focuses on recent consultations on connected transactions, listing decisions on reverse takeovers, new guidance for listing disclosures for mineral companies, review of disclosures in annual reports and the latest developments in the PRC.
Law Firm: DLA Piper | Published: 21 May 2013 | Practice Area: Regulation and Compliance
For corporations doing business across international borders, the need to prevent and detect wrongdoing has never been greater. This report considers best practice approaches to managing cross-border investigations and offers guidance on navigating the nuances of international data-privacy laws.
Law Firm: Control Risks | Published: 21 May 2013 | Practice Area: Regulators and Enforcement
Macfarlanes discusses the implementation of the AIFMD; the EU Directive and Regulation amending rules on credit rating agencies; UCITS V; the proposed Recovery and Resolution Directive; long term investment financing by institutional investors; Banking Reform Bill; and Personal Current Accounts.
Law Firm: Macfarlanes LLP | Published: 20 May 2013 | Practice Area: Regulation and Compliance
The Supreme Court has delivered a judgment providing welcome clarification on the construction and effect of the "balance-sheet" insolvency test and its interaction with the "cash flow" insolvency test. The decision is relevant not just to creditors but also to the wider banking industry.
Law Firm: Herbert Smith Freehills | Published: 20 May 2013 | Practice Area: Regulation and Enforcement
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