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In the US, British Virgin Islands-based O'Neal Webster opened a representative office in New York.

Regulation and risk management expert Bozena Gulija examines how methods and regulatory approaches have evolved when it comes to this category of risk

Pierre-Alain Bouhénic Maryna Hritsyshyna In Belgium, Ukrainian firm Asters, which earlier this year hired most of Egorov Puginsky Afanasiev & Partners' Kyiv office, became the first firm from its country to open in Brussels, launching a representative office in the city.

Receivership is an important weapon in the arsenal of any commercial litigator

The discovery of pre-salt reservoirs in Brazil dramatically increased the country's oil reserves. There was hope that oil would fund education, health, and infrastructure, but these hopes proved to be unfounded.

Throughout history, money laundering has been used in various criminal areas, such as drug trafficking, terrorism, and investment and banking fraud. The subjects practising such activities usually seek out nations that have weak regulation and supervision of these matters.

Over the past decade, the real estate market in Colombia has grown tremendously and new horizons have opened for investors, including in the urban renovation and real estate project segments, renewable energy, and public private partnerships (PPPs) generally.

A law providing for the regulation and supervision of payment systems has been proposed and is now pending before the Philippine senate for transmission to the president for final approval (the House of Representatives adopted the Senate version of the bill as an amendment to the House version and this was transmitted to the Senate on October 3 2018). If the proposed law is passed in its existing form, it will grant the Bangko Sentral ng Pilipinas (BSP) supervisory and regulatory authority over payment systems in the Philippines. The proposed law mandates the registration of payment system operators and limits those allowed to operate payment systems to persons and entities that obtain advance approval from the BSP.

Offshore activities in Macau are ruled by Decree-Law 58/99/M (the offshore regime). Under this Law, such activities are categorised into financial and non-financial offshore operations, under the supervision of the Monetary Authority of Macau (AMCM) and the Macau Trade and Investment Promotion Institute (IPIM), respectively.

On June 15 2018, the Swiss Parliament adopted the Swiss Financial Services Act (FinSA). In the meanwhile, the Swiss Federal Council opened a consultation process regarding the Financial Services Ordinance (FinSO), implementing the provisions of the FinSA, which will last until February 6 2019. Together with the new Swiss Financial Institutions Act, the FinSA and the related implementing ordinances are expected to enter into force on January 1 2020. These laws are part of an entirely new regulatory framework governing the Swiss financial markets.