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  • It's one of the most contentions topics in the US financial regulation sector at the moment: the Senate's financial deregulation bill, which is set to unpick parts of the Dodd-Frank Act. When the Act was passed in 2010, it was hailed as the band aid with would help the financial sector heal and get its strength back.
  • Italy's election has made the EU's worst fears a reality. The election saw a stunning rejection of the EU and massive support for eurosceptic parties, including the far-right League that became the largest conservative party in Italy. Negotiations are ongoing to form a functioning government and several permutations could arise, but the most probable conclusion politically is a coalition involving the 5 Star Movement, the League and potentially Silvio Berlusconi's Forza Italia. League has strongly favoured exiting the EU and the euro previously, and taken a hardline stance against immigration, venturing into clear racism on occasions. Just after her election as mayor of Cascina, in Tuscany, Susanna Ceccardi posted a cartoon of a young woman dressed as a Viking kicking a dark-skinned pig dressed in a turban who dropped a Koran, with the words 'wake up Europe' underneath. Since the election campaign began, their stance on the EU has softened somewhat but they are likely to be a big obstacle in any plans to pull member states closer.
  • An amendment to the act on employment services slated to enter into force on May 1 2018 will have a substantial impact on the employment of third country nationals.
  • The Philippine government is aggressively advancing the acceleration of infrastructure and development of industries that will yield robust growth across the Philippines. Infrastructure projects are among the top priorities of the government with public spending on infrastructure projects targeted to reach between PHP8 trillion and PHP9 trillion ($154 billion to $173 billion) between 2017 and 2022.
  • Although full implementation of the Markets in Financial Instruments Directive II (Mifid II) in Portugal is expected to occur very soon, the truth is that market players already hold sufficient tools and comply with enough EU regulations to assess internal policies and procedures to make them compliant with the Mifid II requirements.
  • Jackie Kahng In India Trilegal has closed its Hyderabad office and will service existing clients from Bangalore. The firm's one partner Pavan Kumar has left the firm.
  • Bad loans continue to haunt China. Getting rid of them for good is no easy task
  • The Trump government appears intent on repealing Obama-era regulation no matter the actual cost to individuals
  • The new Minerals Act (2017) came into effect on August 30 2017. Our briefing dated April 10 2017 provided some background on the former laws – the Minerals Act (l967) and the Mineral Royalty Rates Act (1966) – and a summary of major amendments. However, rules under the new Act were not enacted for some months, and many are still in draft form.
  • In January 2018, the Ministry of Public Security submitted the latest draft of the Law on Network Security to the National Assembly for review and feedback. The draft law requires foreign internet service providers furnishing services in Vietnam to establish a head office or representative office in its territory when its services reach 10,000 Vietnamese users, or at any time when so requested by the government at its discretion. As there is no definition provided for foreign internet service providers and the supply mode to be addressed, this draft law may cover cross-border internet service providers as well.