Cryptocurrencies such as Bitcoin, Ethereum or Ripple, use blockchain to transfer economic value. Bitcoin is a technology that was first proposed in 2008 in a whitepaper written by Satoshi Nakamoto. The term Bitcoin refers both to a private currency and the network of computers that runs the currency. However, governments do not issue Bitcoins, but instead a decentralised network of computers does so. There are more than nine hundred cryptocurrencies today and the entire cryptocurrency market will reach a total value of $1 trillion this year.

The Recast Insolvency Regulation aims at fostering a proper cooperation between IPs taking into account best practices as set out in the Guidelines adopted by European and International organisations such as UNCITRAL.

At the end of a lengthy process ending with the report drawn by the Rodorf Commission in December 2015 and with the draft law presented by the Government to the Chamber of Deputies in March 2016, the enabling law reforming the legal framework for enterprises in distress and insolvency proceedings was approved by Parliament in October 2017; afterwards, on 30 October 2017, the law No. 155 of 19 October 2017 named “Delegation to the Government to reform the corporate crisis and insolvency” was published in the Italian Official Gazette.

The European Guidelines on Communication and Cooperation Guidelines 2007 (CoCo Guidelines)1 were the outcome of a project led by Professors Bob Wessels (Leiden) and Miguel Virgos (Madrid Autonoma) over the course of two years beginning in 2005. The project was built on the then Article 31 of the European Insolvency Regulation (EIR) and its injunction to practitioners in main and secondary proceedings to cooperate and communicate with each other.

How far are the transaction avoidance laws in the Member States of the EU supported by the principles of equal treatment of creditors and protection of trust? This was the research question considered by the Working Group of the Conference on European Re-structuring and Insolvency Law (CERIL) – with surprising results.

As a result of recent regulatory developments in the European Union, particularly the Market Abuse Regulation, the Cayman Islands Stock Exchange (the “CSX”) has experienced a surge in listings. A majority of these listings relate to standard publicly issued debt, but many are much more bespoke and the CSX has quickly garnered a reputation as being the international exchange of choice for these listings.

Conyers has recently updated its Privacy Policy to comply with the European Union’s new data protection law, the General Data Protection Regulation (“GDPR”), which takes effect on 25 May 2018. Click here for more

An important legislative development in Europe dates from around a year ago. In November 2016, the European Commission presented its ‘Proposal for a Directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU’ (‘Proposal for a Restructuring Directive (2016)’).

Welcome to the ninth edition of Global asset management quarterly. This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regulation globally. Click here for more

On May 8, 2018, President Trump announced that the United States would cease implementing the Joint Comprehensive Plan of Action (“JCPOA”), triggering a re-imposition of certain previously suspended sanctions on Iran. Much of the immediate impact of this change in U.S. policy will be on non-U.S. companies that will now need to be concerned with the re-imposition of secondary sanctions applicable to non-U.S. persons. Significantly, this change in U.S. policy returns U.S. and non-U.S. companies doing business globally back to the challenging compliance environment beginning in 2010 – after U.S.