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The regulator has set its sights on public offering sponsors in cases of listing fraud and listed company misconduct

Issuers should consider potential conflicts between Russian and EU frameworks rules before listing on either exchange

The chairman of HKEX spoke to IFLR about the need to increase the number of women on boards and recent changes to the listing regime in Hong Kong

The situation regarding fintech in the Dominican Republic is not very different from the rest of Latin America. Although there is not a substantial fintech presence in the Dominican Republic yet (there are no official statistics on the matter), given the rise in the use of the internet for e-commerce, social networks and the development of electronic platforms, there is no doubt that start-ups of this nature will continue to emerge more and more. Moreover, this reality is evident considering that multiple banks in the country have incorporated new technology into their lines of business. As evidence of this imminent development, in May 2018 the Dominican Association of Fintech Companies (ADOFINTECH) was incorporated, initially with 19 member companies, with the aim of promoting the growth of fintech finance in the country.

Nine years after it first stepped in to regulate the e-money sector in Indonesia, the central bank (Bank Indonesia) has responded to technological change by issuing a new regulation to supersede Bank Indonesia Regulation 11/12/BIR/2009 on electronic money (BIR 11/12). Besides making the necessary changes to encompass the latest developments in the e-money sector, the new regulation – Bank Indonesia Regulation 20/6/BIR/2018 (BIR 20/6) – also places restrictions on foreign ownership and introduces new minimum capitalisation requirements for all e-money issuers.

The Irish Court of Appeal recently handed down an important decision which will impact default interest provisions in Irish law loan agreements. In Sheehan v Breccia/Flynn and Benray v Breccia, the court considered whether a provision for default interest in a bank's standard terms and conditions should be struck down as a penalty. This is a highly technical question, but one which is important for banks and borrowers, and for other market operators.

The General Data Protection Regulation (GDPR) is a body of European legislation of considerable complexity, especially when it comes to its practical implementation. However, Slovakia still lacks models and guidelines from the Office for Personal Data Protection of the Slovak Republic that would make the implementation of the GDPR easier and resolve several open questions. When Slovak law was revised before the implementation of the GDPR, it was hoped that the GDPR would bring about a reduction in obligations and a simplification of mandatory documentation, especially for smaller firms. It now appears from developments in the guidelines of the Office for Personal Data Protection that this might not be the case.

In recent years, the number of corporate scandals occurring at listed Japanese companies has been increasing. These risk not only damaging the company itself but potentially might also result in a loss of credibility of the capital market as a whole. With that in mind, it has become increasingly necessary for listed companies to implement continuous measures to prevent such scandals from occurring.

Within the framework of its overall goal of diversifying the local economy, the Macau SAR (MSAR) government aims to revitalise the financial leasing system. It has submitted a draft bill to the Legislative Council (LegCo) on a new regime for financial leasing companies, which will replace the existing Decree-Law 51/93/M of September 20.

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.