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  • The chief of staff of the swaps regulator suggested that any agreement that included financial services could be a concern for the US
  • The Chairman of the CFTC confirmed that he will not seek reappointment when his term ends in April 2019
  • The regulatory reasons as to why issuers are avoiding the US and what is coming next
  • Global initiatives increasingly focus on promoting sustainable investments. The Luxembourg Stock Exchange is at the forefront
  • The recovery of the local property market, alongside the upturn in Macau's gaming revenue recorded since late 2016, has motivated the Macau SAR government to prepare, and submit for Legislative Council (LegCo) approval, some control measures to introduce more transparency and to increase the number of residential properties in the market.
  • Cyprus's double tax agreement with the UK is one of its most important, owing to London's predominance as a global financial centre and the strong historic links between the two countries. On March 22 2018, representatives of the two countries signed a new double taxation agreement which, once it has been ratified by both of them, will replace the existing agreement, which dates back to 1974.
  • The amendment to the Labour Code that comes into force on May 1 2018 enshrines, among other things, a pay increase for employees. This pay increase only concerns the wage supplement paid to employees who work (i) on outings; (ii) on Saturdays; (iii) on Sundays; and (iv) at night.
  • Initial coin offerings (ICOs) – the blockchain-based issuance of tokens or cryptocurrencies for the purpose of fundraising – are a hot topic at the moment. There is continuing strong demand from mostly young, technology-based companies that seek to tap the capital markets through ICOs as a viable and efficient alternative to traditional fundraising. Switzerland offers an open regulatory framework for ICOs and has therefore developed as a hotspot for token offerings.
  • On February 20 2018, new logistics regulations under Decree 163/2017/ND-CP took effect and rescinded Decree 140/2007/ND-CP. Although Decree 163 introduces a few changes, including the digitalisation of logistics processes, it fails to open up market access and provide further clarification as expected, and may even create grey areas in practice.
  • Allen Shyu In Australia, Dentons significantly boosted its offering in the country through the hire of a large team of lawyers from DibbsBarker. The move will boost Denton's presence on Australia's east coast.