In 2012 approximately US$20 billion of sukuk were issued by corporates in the Gulf Co-Operation Countries (GCC). As companies in the GCC face almost US$90 billion in foreign currency debt through to the end of 2014 and with the current constraints on liquidity in the banking sector remaining, the sukuk market is likely to be a key financing tool for many companies for the next few years. Bryant Edwards, Harj Rai and Lee Irvine of Latham & Watkins explore some of the developments/trends in the Middle East sukuk market over the past year.
Ayesha Dawood of the eponymous Johannesburg based firm, Ayesha Dawood Attorneys, considers the importance of governance and accountability with reference to the Prevention and Combatting of Corrupt Activities Act No. 12 of 2003 (PACCA) and sheds light on the issue of extraterritorial effect.
Sascha Hindmarch, former General Counsel of the University of South Australia emphasises the importance of knowing who your client is. Dispelling the notion that all employees of an organisation make up the client, she advises that defining who the client is at the outset can avoid common pitfalls and minimise legal risk.
In our Capital Raising Special Report Kim & Chang explore recent developments unfolding in the world of capital markets in South Korea, and India's Phoenix Legal take us through some of the issues which have moved the needle on capital raising on the ground there.
In our latest edition we take a look at the state of play in South Korea, from how cash-rich companies are making their mark on the international stage to the impending liberalisation of the Republic’s legal sector. We also hear from leading firms as to how South Korea is enticing foreign companies to list on the Korea Exchange, whether we are witnessing a turning point in the country’s M&A market, and why parties embarking on deals with a South Korean element can feel confident they will get a fair go from the nation’s arbitration legislation and court system, should disputes arise.
Our latest edition of Asian-Counsel takes a look at the various happenings in the region’s capital markets sector. Whilst change is abreast with money flows shifting directions and new industries gaining momentum, we uncover why Hong Kong and Singapore regulators are still setting the pace. Leading law firms also reveal the latest capital markets trends in Malaysia, India, Japan, Thailand and South Korea.
