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The magnitude of the December 2016 Odebrecht corruption scandal continues to unfold. The Ruta del Sol, Sector II agreement, one of Colombia's largest toll road projects which was involved in the scandal, has now been terminated by mutual agreement following an order from the Superintendence of Industry and Commerce. Some queries remain unresolved regarding the termination payment under the formula agreed by the parties. In addition to that particular case, lenders now have several concerns as to the consequences of a concession agreement being declared null and void due to kickbacks in the bidding process.

On October 1 2017, the amendments to the Foreign Exchange and Foreign Trade Act will take effect. The Act aims to develop foreign transactions appropriately, and maintain peace and security in Japan and other countries through providing for minimum necessary control and coordination of foreign transactions.

IFLR speaks with Morrison & Foerster’s Anna Pinedo and Hillel Cohn on the poll results and best course of action for the fiduciary rule

It has been more than three decades since the enactment of the law that regulates the Fideicomiso. The Fideicomiso, in general terms, is the legal act whereby a settlor transfers assets to a fiduciary (trustee) that agrees to manage those assets under the provisions established in the Fideicomiso instrument (trust), for the benefit of a beneficiary, which could be the settlor itself.

This is a continuation of the update in last month's briefing. The exchange of information by the Macau SAR under Law 5/2017 – which established the new regime for the exchange of information with foreign entities on tax matters – may also occur upon a request being received from a foreign country which is a contracting party to an international agreement or convention on double taxation or on prevention of tax evasion. This is, however, subject to reciprocity: the Macau SAR will only process requests received from countries that would admit a similar request if made by the Macau SAR.

The worst economic disaster since the great depression of 1929 took American and European banks by storm in 2008. The US, EU and Russia, among others, had to step in to save some of their banks from bankruptcy. Even certain German banks, symbols of the country's strength and prosperity, were on the verge of collapsing. Against this backdrop, the purpose of this briefing is to provide a high-level summary of the mechanisms in place to cope with the bankruptcy of a foreign bank in Switzerland.

The lighter side of the past month in the world of financial law

It was only a matter of time until the benchmark was set to come to an end. But what could possibly replace this much criticised rate? IFLR finds out

There are still no globally-accepted environmental and climate finance standards in spite of issuances rocketing. But some initiatives are helping

The PRC is racing to regulate token sales