Corporate Law and Governance
Preference share funding structures contemplate the subscription by a funder for preference shares in the share capital of a company with a pre-agreed dividend rate (often linked to a prevailing interest rate) and capital redemption profile.
The Supreme Court of Appeal (SCA) in CDH Invest NV v Petrobank South Africa (Pty) Ltd and Another, was recently tasked with considering the validity of a written resolution passed by the majority of a company's directors...
The World Federation of Exchanges ("WFE"), the global industry group for exchanges and CCPs, today published the results of its fifth annual Sustainability Survey for the 2018 calendar year.
The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has responded to Financial Action Task Force (FATF) recommendations on mitigating risks associated with virtual asset service providers (VASPs).
On 8 April 2019, the Financial Services Commission ("FSC"), which is the regulator for non-banking financial services and global business sectors, published a guidance note, entitled 'Securities Token Offering' (the "Guidance Note").
Regulation and Ethics
An updated version of the Draft Margin Requirements for Non-Centrally Cleared Over-the-Counter Derivative Transactions (Margin Requirements) was recently published as a Joint Standard by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA).