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The National Assembly has enacted the Law on Public Debt Management 2017 (LPDM 2017) which will be effective on July 1 2018. In comparison with the previous law, the LPDM 2017 imposes more stringent conditions on the new issuance of government guarantees for foreign loans of enterprises implementing investment projects, thereby leading to more difficulty in obtaining government guarantees for financing of enterprises and their projects, particularly for those with foreign-sourced funding.

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.

On December 1 2017, partial amendments to the Act on Specified Joint Real Estate Ventures (Amended Act) came into force. The Amended Act is aimed at making the specified joint real estate ventures system more accessible. The following is a brief summary of the new business categories established by the Amended Act.

Recent case law involving financial institutions confirms the ongoing viability of the Bankruptcy Code’s provisions

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

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

The EU has created a new rank of bank creditors to help banks comply with the resolution requirements at a more favourable cost while improving the protection of depositors

The EU’s landmark directive changes the regime applicable to French financial investment advisors

There are very few people who are willing to discuss the pending mega merger between American publically traded agro biotech company Monsanto, and the German megalithic life science and pharma company Bayer. The deal is worth a reported $66 billion and has unsurprisingly piqued the interest of antitrust agencies across the world.