For more than a century, a creditor holding English law governed debt relied on the principle (known as the “rule in Gibbs”) that a debt governed by English law cannot be discharged by a foreign insolvency proceeding, provided that the creditor does not submit to that proceeding.

With rapid economic development and rising income, there has been an increase in demand for high-quality education (in particular, private education) in various countries in Southeast Asia. As a result, there has been growing interest from private equity sponsors and institutional investors in the education sector in Southeast Asia.

REVERSEinquiries is Mayer Brown’s structured and market-linked products-focused newsletter.

On January 7, 2019, the US self-regulatory organization the National Futures Association (“NFA”) announced that it had adopted amendments, which become effective April 1, 2019, to its information security requirements that include a cybersecurity incident notification obligation.

The partial federal government shutdown has halted a range of government operations.

This Legal Update discusses a recent court decision that invoked a US bankruptcy court’s authority to act as gatekeeper for involuntary petitions that threaten to undermine bargained-for liquidation procedures.

Nick reviews the 10 key cases for employers in 2018, and what these mean for employers in 2019.

The winter months have seen a range of significant measures in tax legislation, from tax incentives for foreign investment and various measures to promote the technology sector to building on earlier measures to increase tax collections. China reformed its individual income tax law and has extended, with adjustments, its policy on retail imports through e-commerce.

Since the Asian financial crisis of the late 1990s, the region’s high-yield debt capital markets have expanded dramatically. And during the past several years, amid an expanding global economy, issuance volumes have hit record levels, with exciting changes in deal structures and covenant packages.

This four-part multimedia series offers practical insights on high-yield debt for Asia-based issuers seeking to understand important covenants and trends.

On December 27, 2018, an Agreement on Technical Cooperation and Mutual Assistance ("Technical Cooperation Agreement") entered into force between the Brazilian Federal Court of Auditors ("TCU") and the Administrative Council for Economic Defense ("CADE").

In our 29 October 2018 and 30 November 2018 Legal Updates, we discussed the passage of legislation to increase the statutory paternity leave entitlement in Hong Kong from three days to five days.

That increase in paternity leave entitlement will take effect on 18 January 2019.