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Diego Alejos Bill 4895 (the Factoring Agreement and Discount Law) and Bill 4896 (the Leasing Agreement Law) have been thoroughly discussed in Congress recently. Both aim to help the development of the nation's economy, by providing individuals with new financing methods. Both bills also introduce some interesting concepts which, if applied, could be beneficial to the contracting parties.

Maiko Shimoda On June 3 2016, the Reform Act of the Banking Act, etc (the Reform Act), which includes amendments to the Banking Act, was enacted. Its aim is to respond to the diversification of the form of business management in financial groups and the rapid rate of innovation in information technology (IT). The details of the new regulation will remain unclear until the amendments to the relevant cabinet orders are announced. However, the Reform Act concerning the amendments to the Banking Act has already revealed the new regulatory framework for the banking group.

Radka Sláviková Geržová Martin Ilavský The new Code of Civil Contentious Procedure entered into force on July 1 2016. It aims to speed up the litigation process. Previously, cases would often drag on for several years because the parties to the dispute had submitted their allegations and offered evidence to the court in small bits at a time. This may have been for tactical reasons, or because the facts and evidence did not arise all at once.

Russel Rodriguez John Christian Joy Regalado The Financial Rehabilitation and Insolvency Act of 2010 (FRIA) provides more transparent, effective and efficient dealings between creditors and financially-struggling debtors. According to FRIA, a debtor or creditor may initiate rehabilitation proceedings to restore an insolvent debtor to solvency when (1) this is economically feasible, and (2) the projected recovery under the rehabilitation plan would be greater if the debtor was allowed to continue its business than if it was constrained to cease operations and liquidate its assets.

James Sattin While this summer's grand inauguration of the expanded Panama Canal has rightfully taken centre stage in the conversation on Panama's role in facilitating international trade, other more subtle efforts by the government are also beginning to produce noteworthy results. In particular, in April Panama's legislature passed Law 8 of 2016, which, among other things, restructured the Colon Free Zone. This is a long-standing international free trade zone located in the city of Colon on the Atlantic side of the Panama Canal. Law 8 replaced the 68 year-old Law 18 of 1948, which was understandably in need of modernisation.

The city has developed into the main offshore centre for renminbi activity. However, the referendum decision could change this

China is considering reforming its volatile IPO market. But the 2015 market crash has made the nation more cautious

The EU’s delay of disclosure of inside information framework is similar to the one implemented in 2003. But its applicability in practice has raised some questions

The Modi government has attempted to boost the country's corporate debt market but the potency of the new measures is unclear

Repeated requests to delay the RTS have fallen on deaf ears, but Parliament’s rejection means they must be revisited. The issues are seemingly endless