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Middle East - Africa

Compliance Benchmark: Quantifying the Fundamentals

Various countries and their compliance-enforcing agencies request that companies have "adequate" compliance programs and organizations. But what does that mean? One option to determine...

Israeli Ministry of Finance Imposes Specific Obligations on Financial Institutions When Giving Leveraged Loans

On January 21, 2015, the Capital Markets, Insurance and Savings Department at the Israeli Ministry of Finance issued a draft circular which imposes, among...

EU Foreign Affairs Council reaffirms willingness to strengthen Libyan sanctions

At today's meeting of the European Foreign Affairs Council ("FAC"), the EU reiterated its readiness to designate "spoilers of the dialogue process in line with the...

New Israeli Regulations Applicable to Credit Rating Agencies

Regulation of the activities of Credit Rating Agencies ("CRAs") in Israel is fairly new with the first piece of legislation to specifically regulate CRAs...

Social Media Survey – How Corporates Engage and Manage Risks

Baker & McKenzie has released its first global client survey on Social Media. Based on the responses from international clients across a range of 14...

OECD’s Foreign Bribery Report released: Three-fourths of cases involved intermediaries

The Organization for Economic Cooperation and Development (OECD) on December 2, 2014 released its first-ever analysis of anti-bribery on a global scale. 427 transnational...

Transparency International Launches the Latest Corruption Perceptions Index 2014 – China Loses Ground

On 3 December 2014, Transparency International ("TI") launched its latest Corruption Perceptions Index ("CPI") 2014. The CPI ranks countries and territories based on how corrupt their...

Israel: Securities Authority publishes new guidelines for private placements to Sophisticated Investors

The Israeli Securities Authority (the "ISA") has followed in the SEC's footsteps, and recently published guidelines with regard to the measures to be taken...

Israel: Controversial Identification and Disclosure Obligations under Amendment to AML Law

After attracting the attention of the Israel Bar Association and generating considerable controversy, the 13th Amendment to the Israeli Prohibition on Money Laundering Law...

Only Four Countries Actively Enforce OECD Anti-Bribery Convention

On 23 October 2014, Transparency International published a report which analyzed the enforcement of the the Organisation for Economic Co-operation and Development’s Anti Bribery...

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