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  • Republic Act 11057 or the Personal Property Security Act (PPSA) was signed into law on August 17 2018. It provides for new means and requirements for creating, perfecting, and registering security over personal property in the Philippines. The PPSA amended or repealed certain laws that are inconsistent with the new law. This includes those laws relating to the creation of pledges and chattel mortgages and the registration procedures for security interests over personal property in the Philippines.
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  • Giving major voting power to entities that have virtually no financial stake in a company can have unwelcome results
  • In Korea, in order to carry out multi-level marketing activities, a company must be registered as a 'multi-level marketer' as specified in the Act on Door-to-Door Sales (Act) and fulfil the necessary conditions contained in the Act. In this regard, if a company sells a cryptocurrency issued in an initial coin offering (ICO) to several buyers/investors at multiple levels, it could be regarded as a multi-level marketing organisation as defined in the Act.
  • Regulation and risk management expert Bozena Gulija examines how interest and resources have increased when it comes to this category of risk
  • Administrators from outside the EU are already withdrawing from the continent. Users should prepare for the worst: the loss of hundreds of critical reference points
  • The directive’s product governance framework is still causing headaches, with disagreements over when to conduct the reviews and how granular to be. Compliance teams are struggling with the concept of proportionality
  • A lack of structure and standards is holding back the growth of the private sector in the region
  • Sources are concerned about the future of AT1s as firms cut back on their capital solutions teams after struggling to interest investors. Some hope that MREL will give it a much-needed boost