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Dentons' international expansion shows no signs of stopping with the firm launching a new office in Melbourne. The new location will be headed up by Nick Stretch who joins the firm with a team of three other partners.

As early as March 2014 the Cyprus Securities and Exchange Commission (CySEC) alerted potential investors to the risks associated with investment in virtual currencies or contracts for difference (CFD) linked to them. Its recently-issued circular C244 dated October 13 2017 sets out the conditions Cyprus investment firms must satisfy in the event they provide investment services in respect of such products to safeguard investors' interests.

On October 25 2017, the Law of Secured Transactions (Law 936) came into force with the purpose of stimulating access to credit for individual traders, small and medium enterprises, and other institutions that due to the nature of their assets were not subject to financing at competitive interest rates.

On May 26 2017, an amendment to the Civil Code was enacted and will be enforced within three years from the promulgation date of June 2 2017. The aim of this Amendment is to comprehensively reform the law in respect of obligations in the Japanese Civil Code. Although many of the provisions were revised based on existing case law and commonly accepted theories in Japan, this Amendment will have a significant effect on Japanese legal practice because: (i) it covers a broad range of legal issues, which include statutory interest rates, statutes of limitations, default, cancellation of contracts, damages, assignments of claims, set-offs and guarantee obligations; and, (ii) it introduces some new rules. This article covers some of the new rules introduced by the Amendment.

The Philippine supreme court has finalised the validity of Securities and Exchange Commission Memorandum Circular number 8 of 2013 (SEC MC No 8-2013) prescribing the guidelines for compliance with Filipino-foreign ownership requirements in partially-nationalised activities. The supreme court recently dismissed the motion for reconsideration filed by the petitioner in the case of Roy vs Herbosa (Roy), thereby confirming the validity of SEC MC No. 8-2013.

A bank may need to acquire treasury stocks for a variety of reasons, such as to adjust firm leverage levels or to deliver financial compensation to shareholders. One concern, though, is the situation where the bank wishes to repurchase its shares from the market while its foreign shareholding ratio has already reached the threshold under the law.

In this exclusive interview, the regulator's former acting head talks about his successor, the Consumer Financial Protection Bureau, Volcker and his future

Latest guidance seeks to reconcile differences in UK and US opinion letter practices in cross-border financial transactions

The PCC is stepping up enforcement scrutiny

Nicolas Véron and Larry Tabb debate if harmonisation is the best way forward