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Elias Neocleous On December 15 2016, the Cyprus Securities and Exchange Commission (CySEC) issued for consultation a draft law dealing with the submission of complaints about regulatory infringements and the protection of persons raising such complaints, together with a draft explanatory circular regarding the implementation of the proposed law.

Following a few steady months leading up to the end of 2016, the past few weeks have in contrast seen an explosion in lateral moves.

Carlos Fradique-Méndez Camilo Vásquez The financial technology (fintech) industry continues to expand globally and many countries have started to regulate the industry with varying approaches. Some countries aim to stimulate innovation, whereas others take an opposite approach, arguing the case for the safety of consumers, and establishing relevant regulations.

José Ramón Paz Morales On December 29 2016, the Financial System Law (FSL), which is the law that regulates banks and financial institutions that perform financial intermediation in the Republic of Honduras, was substantially reformed. This is the first time since the FSL's enactment in 2004 that such important reforms have been made to legislation in this area of the law.

Oene Marseille Emir Nurmansyah In late December 2016, the Financial Service Authority of Indonesia (OJK) issued a regulation on the peer-to-peer lending business. The regulation affects peer-to-peer providers of loan products operating via internet platforms.

John Breslin Callaghan Kennedy The impact of the UK's exit from the EU is one of the major headwinds for the Irish economy in 2017. Ireland has traditionally had a close trading relationship with the UK across all major sectors of the economy. Accordingly, in many respects Irish economic fortunes have been closely allied with those of the UK.

Aaron Roi B. Riturban In line with the policy of the Philippine government to attract and promote investment from foreign nationals in activities that make important contributions to the industrialisation, socio-economic development and sustainable inclusive growth of the country, the Philippine Congress enacted Republic Act no 10881. The Act lifts the foreign investment limitations found in laws governing (1) adjustment companies, (2) lending companies, (3) financing companies, and, (4) investment houses.

Tina Balzli Joel Fischer Fintech is currently a hot topic in many jurisdictions, particularly when it comes to facilitating innovation in that area from a regulatory perspective.

Fernando Torrente Daniella Zussa Florian Biesalski It was also an active month in France with the fallout from KWM taking centre stage. GOODWIN PROCTER was one to take advantage, recruiting private equity and funds partner Arnaud David, previously co-head of investment funds at the ailing firm. David brought with him a team of four associates. The firm also appointed Marie-Laure Bruneel to the partnership from De Pardieu Brocas Maffei. KWM also lost its other co-head of investment funds, Nathalie Duguay, who switched to WILLKIE FARR & GALLAGHER to join its fund formation and asset management team.

It's been a busy summer in Australia with DENTONS formally completing its tie-up with GADENS, a year after the deal was first approved. THOMSON GEER hired construction and infrastructure expert, Simon Ralton, from MinterEllison. For its part, MINTERELLISON appointed insurance partner Mark Williams from DLA Piper.