In this first edition of the Banking Litigation Law Review, it is striking how similar the issues are that face banks and those who advise them across various legal systems. All countries experienced the effects of the global financial crisis from 2008 onwards and these implications have been far-reaching in many ways. They have given rise to much litigation and consequently led to developments in the law.
As with the previous editions, our intention is to help general counsel, government agencies and private practice lawyers understand the conditions prevailing in the global restructuring market in 2017, with a view to the coming year, and to highlight some of the more significant legal and commercial developments and trends that have been evident in recent years, and that are expected to be significant in the future.
Since the financial crisis in 2008, there has been continuous public attention on multinationals' tax position - which, for the most part, turns on their transfer pricing policy and whether this properly aligns the taxable profits in each country with the value-generating activities taking place there.
Nearly eight years after the collapse of Lehman Brothers it might have been expected that fundamental questions about the business models, governance and territorial scope of large banks would have been answered clearly, but that is not yet truly the case.
Welcome to the inaugural edition of The Initial Public Offerings Law Review. While it is largely agreed that the first ‘modern’ initial public offering (IPO) was by the Dutch East India Company (VOC) in 1602, IPOs now take place in nearly every corner of the world and involve a wide variety of companies in terms of size, industry and geography.
The Transport Finance Law Review is intended to provide the industry with a guide to transport finance today, in each of the key jurisdictions globally in which aircraft, rolling stock and ships are financed.
Consumer choice for financial products and services is proliferating across global markets. The ability to reach consumers at any time on their mobile devices and tablets, or on their in-home computers has helped attract substantial capital investment in consumer financial services.
The chapters that follow describe the manner in which Islamic, or shariah-compliant,
finance is practised in various jurisdictions throughout the world. Although each country will have variations, one of the most striking features of Islamic finance as a legal discipline is that it includes core concepts and structures that cross jurisdictional boundaries.
The world of asset management is increasingly complex, but it is hoped that the fifth
edition of The Asset Management Review will be a useful and practical companion as we face the challenges and opportunities of the coming year.
Acquisition and leveraged finance is a fascinating area for lawyers, both inherently and because
of its potential for complexity arising out of the requirements of the acquisition process,
cross-border issues, regulation and the like.