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Sfera Legal, based in Costa Rica, has continued its regional expansion with the launch of Sfera Legal El Salvador and Sfera Legal Nicaragua. The firm is now present in four central American countries.

In the central American region, the legal framework must guarantee the confidentiality of personal data. In terms of security policies, seven out of 10 large companies in central America claim to have them defined, dictating how employees should behave when using the company's computing resources, and how to use data in a confidential manner. However, in order to face growing vulnerabilities and risks, any internal policies or regulations established within companies need to be complemented with proper technology. In both El Salvador and the rest of the region, companies are rethinking their security strategies including their policies, work regulations and internal processes.

The Cyprus Securities and Exchange Commission (CySEC) has announced the detailed arrangements for regulated administrative service providers (ASPs) to submit information regarding the year 2017 for the purposes of risk-based supervision.

Private enterprises, including foreign-invested companies, rely on contracting arrangements to optimise their business by farming out work for tasks which could be more efficiently carried out by third parties. A contracting arrangement exists when an entity, known as the principal, farms out work to a contractor. The work is carried out by the contractor's employees who are governed by employment contracts with the contractor.

Two years have passed since the Monetary Authority of Macau (AMCM) organised the Development of Financial Leasing Business in the Macau SAR forum in Beijing. The purpose of the forum was to promote the implementation of Macau SAR (MSAR) governing lines for the development of the MSAR financial leasing system and to leverage MSAR as a platform between China and Portuguese speaking countries, and between the Greater Bay Area and Europe, within the Greater Bay Area initiative and China's One Belt One Road initiative, a position reiterated in the 2018 governing lines. Since the forum, China and Hong Kong SAR's banking and financial institutions have shown increased interest in Macau's financial leasing business. These financial institutions have a certain degree of expectation on the amendments that will be introduced to the present legal systems and that additional benefits will be created in relation to financial leasing companies' operations from and to MSAR. So far, two financial leasing companies have been incorporated and their operations authorised in Macau, in addition to the general authorisations that have been issued for banks to operate in Macau.

As part of its continuing bureaucratic and economic reform programme, the Indonesian government has streamlined the country's expatriate employment requirements. The new rules, which are set out in Presidential Regulation No 20 of 2018, come into force at the end of June 2018, three months after the Regulation's promulgation.

Bankers’ counsel have spoken exclusively to IFLR about the Rule’s future and how it may need to be toned down

Barclays will launch a law-tech incubator in London, in partnership with the Law Society and with the backing of a dozen law firms. Stephanie Pagni, general counsel for Barclays UK, tells IFLR how the project has developed

Korea has no laws and regulations which are specifically apply to cryptocurrencies. The Financial Supervisory Commission (FSC) and other Korean regulatory bodies have issued a number of press releases on basic government policies regarding, among other things, initial coin offerings (ICOs), cryptocurrency exchanges, and Ponzi schemes and other fraudulent activities involving bitcoin and other cryptocurrencies.

France is one of a number of countries facing the challenge of regulating blockchain, fintech and cryptocurrencies