Resource Library

Singapore is the first regional financial centre outside China and Hong Kong to have a RMB Clearing Bank. A RMB Clearing Bank in Singapore is expected to increase market depth and RMB liquidity circulating between Singapore and China. The Monetary Authority of Singapore (“MAS”), in consultation with PBC, has proposed certain eligibility criteria and other requirements for banks and merchant banks which wish to carry out forex transactions in China via a RMB Clearing Bank in Singapore (“China Forex Conversion”). Read this article to learn more.

The article explains in detail the correct usage, abuse of joint accounts regarding estate planning, and the importance os a well documented estate plan in Canada.

A review of mechanisms in Brazilian law in effect for the debtor to offer guarantees that will enable it to dispute debts with the respective creditor within either the legal or the administrative spheres.

A review of tax offsetting under Brazilian law as well as recent developments in the relevant laws and regulations.

A review of Brazil's handling of multi-jurisdictional insolvency.

A review of procedural tax law in Portugal, with a focus on the burden of proof in tax cases.

A review of reorganization procedures under Brazilian bankruptcy law.

This report underlines the extent to which corporates have sought to diversify their funding mix. Following years of volatility and uncertainty, the financial markets appear to be stabilising. What’s now clear, as the dust settles from the financial crisis, is that a structural shift has taken place in the way that corporates access finance. This report highlights that, rather than returning to normality, financing is set to become increasingly diversified. It also assesses the implication of this on the behaviour of both banks and funds.

A review of recent changes in Brazil related to thin capitalization, which apply to money borrowed by a Brazilian company from a foreign related party. Thin capitalization allows the borrowing party to pay interest to the related party lender instead of paying dividends.

On 19 March 2013, under file No XI ZR 431/11, the German Federal Supreme Court clarified the circumstances in which an investor may have a misselling claim against a “direct bank” (i.e. a bank holding an account for the deposit of securities on an execution-only basis only).