Spain: Up In The Air

With Spain wrestling a mammoth budget deficit, the former government initially decided to sell off certain prize assets. But after ditching the eagerly awaited partial privatisation of the country’s national lottery, LB asks if Spain’s top law firms are in the mood for celebrating. On 12 October, Spain commemorated its Fiesta Nacional – the annual …

Red Tape – Banking and finance

As the regulators come down harder on banks and financial institutions, and Basel III, the Vickers reforms and Dodd-Frank are set to transform the banking and finance sector, which law firms are reaping the benefits? The Financial Services Authority (FSA) raised £91.2m in fines from UK financial institutions during 2010/11. This marks a staggering increase …

Russia: Shades of grey

Russia: Shades of grey

Russian business and politics can rarely be described as boring. Each year throws up its share of dramas, and 2011 is no exception to the rule. From prime minister Vladimir Putin’s recent, and not entirely unexpected, self-anointment as Russia’s next president, through to Rosneft’s doomed oil exploration joint venture with UK oil major BP and …

Race for Africa

Race for Africa

As Africa’s emerging economies continue to lure investors, a new legal geography is evolving to accommodate increasing cross-border traffic. LB reports. The ties between Europe and its former colonial African countries have evolved dramatically since the Age of Discovery but strong geopolitical relationships remain.