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The new German Capital Investment Act (Kapitalanlagegesetzbuch, KAGB) that will come into force on 22 July 2013 provides for the implementation of the Alternative Investment Fund Managers Directive (AIFM-Directive) and a number of modifications to the regime...

Recent years have seen a significant increase in the use of economic and financial sanctions as a tool of foreign policy, with tightening restrictions, companies under heightened scrutiny and enforcements becoming increasingly frequent and expensive. Against...

Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...

Following a review of the Equator Principles (EPs), the Equator Principles Association has published the revised EPs, known as EPIII, which will take effect from 4 June 2013. The revised EPs will apply to a broader range of financial products (beyond project...

This paper considers the techniques which are – or should be – available for the resolution of banks which are primarily funded through retail deposits. Some (often the majority) of these deposits will be protected through a Deposit Guarantee Scheme...

The first set of final Export Control Reform rules should have caught no one by surprise given the steady drumbeat since 2009 announcing the US government's intent to rethink its entire approach to protecting sensitive US technology. These new rules, published...

The U.S. Supreme Court has agreed to review a ruling from the U.S. Court of Appeals for the Ninth Circuit that expands the jurisdiction of U.S. courts over foreign corporations.  DaimlerChrysler AG v. Bauman, No. 11-965, ___, 2013 WL 1704716 (U.S. Apr. 22,...

Almost a year ago, we reported on the decision of the High Court in ACG Acquisition XX LLC v Olympic Airlines (in special liquidation) [2012] EWHC 1070 (Comm), involving an aircraft leased by ACG to Olympic which was found to be in a defective condition, after...

On April 17, 2013, the U.S. Supreme Court issued its long-anticipated ruling in Kiobel v. Royal Dutch Petroleum Co. regarding whether the Alien Tort Statue (“ATS”) allows plaintiffs to sue multinational corporations for allegations of human rights...

I am delighted to present our first Global Insurance Review. This edition focuses on Insurance news over the last few months. Future reviews will be issued on a bi-monthly basis and will highlight key market and regulatory developments across the global insurance...