The way in which the UK financial services industry is regulated underwent a significant restructuring in 2013 with the adoption of a ‘twin peaks’ system of regulation and supervision.

In negotiating debt covenants, lenders should avoid several common reclassification traps. Some are bargained for, others may be accidental. A few recent precedents reflect that in this a...

Through various affiliated entities, large financial institutions may have multiple touch points to a company client or multiple roles in a complex financial transaction. For example, one...

A court presiding over a multi-jurisdictional insolvency case is faced with a dilemma: should the court apply its own laws and rules as if the case had no international aspects, or defer ...

French insolvency law provides for six restructuring and (pre-)insolvency proceedings, which can be classified into two sub-groups: two court-assisted proceedings (the mandat ad hoc and c...

  Although individual states in the United States have laws that govern the relationship between debtors and their creditors, insolvency law in the United States is primarily dictated by ...

Section 7 of the Clayton Act, enacted in 1914 and amended in 1950, is the principal US antitrust statute governing mergers and acquisitions. Section 7 prohibits acquisitions of assets or ...

The Alternative Investment Fund Managers Directive which became effective on 22 July 2013 not only represents a sea change in the regulation of managers established in Europe but also has...