Understanding Gharar in Islamic Finance: Definition and Examples

Discover what Gharar means in Islamic finance, why it's forbidden, and explore examples of risky transactions and the impact ...
JD Supra

Court Dismisses Derivative Complaint Where Plaintiff Fails to Plead a Substantial Risk of Personal Liability by Directors Approving the Transaction

A plaintiff seeking to bring derivative claims on behalf of a Delaware corporation bears a heavy burden if she has not made demand and seeks to demonstrate that demand would be futile based on ...
JD Supra

Canadian Securities Administrators Adopt Multilateral Instrument 93-101: Derivatives—Business Conduct

The Canadian Securities Administrators (CSA) announced that the regulatory authorities of each jurisdiction in Canada, except for British Columbia, have adopted Multilateral Instrument 93-101, ...
San Francisco Fed

Recent Policy Issues Regarding Credit Risk Transfer

Over the last decade, a variety of financial tools have been developed for transferring credit risk between financial institutions. Credit risk is defined as the risk that the value of a corporate ...
Asset Servicing Times

ASIC releases second consultation paper for changes to its derivative transaction rules

The Australian Securities & Investments Commission (ASIC) has released its second consultation paper for proposed changes to simplify the ASIC Derivative Transaction Rules. The consultation sets out ...
Law

Court Dismisses Derivative Complaint Where Plaintiff Fails to Plead a Risk of Personal Liability by Directors

A plaintiff seeking to bring derivative claims on behalf of a Delaware corporation bears a heavy burden if she has not made demand and seeks to demonstrate that demand would be futile based on ...