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  • The single supervisory mechanism has impressed, but filing requirements and JSTs should be addressed
  • On May 23 2017, Law 3/17, which amends the law on the prevention of money laundering activities – Law 2/2006 (AML Law) – came into force. (Further details of the objectives and particulars of the amendments can be found in the March 2017 Macau briefing here: www.iflr.com/Article/3664320/Macau-AML-framework-developments.html).
  • Transfer limits are affecting liquidity. Changes need to be made to the framework to allow more flexibility
  • A brief summary of recent legal developments in Thailand affecting doing business in the country follows.
  • Catherine Young Hagerty Bruce Hoffman In the latest transatlantic combination, WOMBLE CARLYLE SANDRIDGE & RICE has merged with UK strategic partner BOND DICKINSON creating a firm with £340 million in combined revenues. The new firm, Womble Bond Dickinson, will go live on October 1 with 1,000 lawyers, 420 partners, 15 US offices and eight UK offices.
  • Back to basics Europe’s first insurance premium loan securitisation
  • Siew Kam Boon In Australia, NORTON ROSE FULBRIGHT has agreed to merge with independent HENRY DAVIS YORK after partners at both firms voted in favour of a union. The combined firm will now have 160 partners in Australia, with offices in Brisbane, Canberra, Melbourne, Perth and Sydney.
  • Panellists at this IFLR event agreed: Mifid II, Priips and other EU legislation focusing on derivatives will give the market more headaches in 2017
  • Even though M&A deal flow in Africa has remained steady in the past few years, there are still some obstacles to closing a transaction, according to panellists at IFLR’s Africa Forum in London
  • Political and regulatory appointments could drastically alter the bank capital landscape on both sides of the Atlantic