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All that glitters is not listed: The case for issuing private bonds

09.04.2026

Singapore: In the era of rising interest rates and with geopolitical uncertainties causing jitters in the banking world, bonds are (and some would say, have always been) a viable option for businesses to attract capital. Given the stringent requirements which potential issuers are required to comply with to issue listed or retail bonds, issuing non-public, non-listed or non-retail bonds (referred to in this article as ‘private bonds’) to a select group of investors is becoming a feasible alternative.

Canada: 2025 class action highlights

08.04.2026

In 2025, Canadian class action litigation evolved against a backdrop of procedural divergence between provinces.

GIFT City Newsletter | March 2026

08.04.2026

India: The GIFT International Financial Services Centre, established in Gandhinagar, Gujarat, is India's first international financial services centre with the intent of catering to global MNCs and financial institutions in alignment with international standards of business. To ensure that the utmost benefits can be provided, the entire zone has been equipped with world-class infrastructure akin to global standards. This newsletter navigates the journey of GIFT IFSC and the International Financial Services Centres Authority set up under the International Financial Services Centres IFSCA Act 2019.

Protecting minority shareholders in Nigeria: from <em>Foss v Harbottle</em> to indirect control changes

08.04.2026

Nigeria: Minority shareholders are fundamental to sustaining investor confidence and capital market integrity. Despite their importance to governance discipline and market depth, they remain exposed to significant vulnerabilities when control shifts occur indirectly at the holding company level, especially in large or transformative transactions where control changes happen off market and are disclosed only after completion.

No Opt-Out Left Behind: Lessons from California’s Latest CCPA Enforcement Wave

08.04.2026

No Opt-Out Left Behind: Lessons from California’s Latest CCPA Enforcement Wave

<em>2026 Ontario Budget, A Plan to Protect Ontario</em>: Building the most ambitious capital plan in Canadian history

08.04.2026

On March 26, 2026, Ontario Finance Minister Peter Bethlenfalvy tabled the 2026 Ontario Budget: A Plan to Protect Ontario (Budget 2026).

Scotland’s LBTT review: reform on the horizon or more of the same?

08.04.2026

United Kingdom: An independent analysis of land buildings transaction tax (LBTT) conducted on behalf of the Scottish government finds that the tax largely operates as intended. The review recommends a mixture of a watching brief and potential for targeted reform.

Rechtbank Noord-Holland: geen dwingende clusterbenadering bij verliesverrekening in fiscale eenheid (in Dutch)

07.04.2026

Netherlands: Op 25 maart 2026 heeft de Rechtbank Noord-Holland in een uitspraak duidelijkheid gegeven over de vraag hoe verliezen moeten worden verrekend wanneer een bestaande verlieslijdende fiscale eenheid wordt uitgebreid en in latere jaren weer winst gaat maken.

 

Case Law No. 69/2023/AL: Jurisdiction of Arbitration in disputes relating to confidentiality agreements

07.04.2026

Vietnam: Along with the development of the labor market, non-disclosure and confidential agreements (“NDCA”) are increasingly and widely used by enterprises. However, Vietnamese law has not yet provided comprehensive and specific regulations on this matter, notably that the legal relationships arising from NDCA are currently viewed from two different perspectives: commercial or labor. Therefore, the Supreme People’s Court has issued Case Law No. 69/2023/AL to clarify the approach to this issue.

UK Privy Council confirms protectors hold independent discretion

07.04.2026

New Zealand: On 19 March 2026, the Judicial Committee of the Privy Council delivered its judgment in A and others v C and others [2026] UKPC 11 (also known as Re the X Trusts), an appeal from Bermuda, confirming the wider role of a trust protector in the exercise of consent powers. In this article we look at the issue, the decision, implications and our view.

Unlocking Rooftop Solar in Thailand: A New Legal and Incentive Framework

07.04.2026

Thailand: Thailand is entering a pivotal moment in its energy transition. In a coordinated policy shift, the government has moved decisively to accelerate rooftop solar adoption; combining fiscal incentives, regulatory reform, and targeted policy initiatives into what is arguably the most significant overhaul of the solar rooftop framework in over a decade. For businesses, investors, and households alike, this marks not just an incremental update, but a structural shift in how distributed energy is supported and deployed across the country.

Life Sciences and Healthcare Newsletter | March 2026

06.04.2026

India: The life sciences and healthcare industry in India continues to evolve through regulatory and policy developments. In March 2026, key developments included proposed frameworks for post-approval change management, revised standards for clinical establishments, regulatory action on the promotion of prescription drugs, and changes impacting food business licensing and registration. The Supreme Court has also continued to shape the legal framework governing end-of-life medical decision-making.

Update on the Draft Resolution on piloting affordable commercial housing

06.04.2026

Vietnam: Currently, the real estate market has recorded a notable increase in prices. Notably, according to recent financial statements of a number of listed real estate enterprises, developers’ profit margins remain at relatively high levels. This suggests that market prices may be structured in a manner that prioritizes profit maximization, thereby contributes to housing prices remaining at a high level and being difficult to reduce. In this context, the Ministry of Construction is currently preparing a Draft Resolution on the development of affordable commercial housing, with the objective of improving housing accessibility for the above-mentioned group. A key provision of the Draft Resolution is the introduction of a cap on the maximum permissible profit margin, set at 15% of total investment capital for projects falling within this category.

Guarding the 49th parallel: How the <em>Investment Canada Act</em> and CFIUS may reshape cross-border M&A

06.04.2026

Cross-border deal-making between Canada and the United States increasingly sits at the intersection of national security and economic policy. In both countries, foreign investment review has expanded well beyond traditional defence and intelligence concerns to encompass the resilience of supply chains, technology, data and innovation ecosystems.

Dentons Expands Infrastructure Focus with Renaming of Smart Cities & Connected Communities Think Tank

06.04.2026

Dentons is pleased to announce that the Dentons Smart Cities & Connected Communities Think Tank has been renamed the Dentons Infrastructure & Strategic Innovation Think Tank.

DOJ files antitrust suit against New York hospital over contract restrictions

03.04.2026

United States: On Thursday, March 26, 2026, the DOJ filed its latest healthcare enforcement action targeting “anti-steering” and “anti-tiering” provisions in hospital-insurer contracts.

FTC announces Healthcare Task Force, further increasing scrutiny and enforcement in healthcare markets

03.04.2026

United States: On March 20, 2026, Federal Trade Commission (“FTC”) Chairman Andrew Ferguson announced the creation of a Healthcare Task Force, designed to strengthen the agency’s enforcement capabilities in healthcare markets in the US.

Policy Newsletter | March 2026

02.04.2026

India: The 2026 edition of the Raisina Dialogue, Indian Government’s annual flagship conference, underscored how India’s stance on strategic competition, economic security and technology governance are converging. Soon after the conference, India announced a marked shift in its FDI screening mechanism directed towards Chinese firms and granted exemptions to facilitate their selective participation in public procurement.

Securities disclosures in the age of AI and cyber risk with Brian Lee

02.04.2026

As AI and cybersecurity risks evolve, companies are under growing pressure to ensure their securities disclosures accurately reflect how they manage emerging technology. Regulatory scrutiny is increasing, particularly around AI governance and so-called “AI washing.”

Decree No. 94/2025/ND-CP: Notable new regulations on peer-to-peer lending solutions

02.04.2026

Vietnam: In Vietnam, Fintech companies are currently participating in various fields of payment, lending and financial services based on digital technology platforms. Most of these activities have not been governed by a comprehensive and unified legal framework, thus giving rise to risks related to the stability of the financial - banking system and the protection of the legitimate rights and interests of Vietnamese consumers. Drawing on international experience, to address similar challenges, the Government has issued Decree No. 94/2025/ND-CP, effective from 1 July 2025, regulating the controlled sandbox mechanism in the banking sector for the implementation of new products, services and business models based on financial technology solutions.