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A brief summary of recent legal developments in Thailand affecting doing business in the country follows.

A new competition law is scheduled to be enacted in 2018 and take effect in 2019. Currently, legislators are collecting public opinions on the second draft of this legislation, one of the hot topics currently being discussed by legal practitioners. One of the most important points to consider is that unlike the current regulations which do not clearly govern foreign entities, the draft law expressly provides that foreign entities and anti-competitive activities, including economic concentrations (ECs) which are performed outside of Vietnam but would cause a restriction of competition in Vietnam market, shall be subject to this legislation. Therefore, M&A deals between offshore entities in relation to indirect equity interests in a Vietnam-based entity will come under the oversight of the Vietnamese competition authorities.

The FMSB chairman explains how to bridge the gap between principles and granularity in the post-crisis environment

In the middle of the most ambitious infrastructure programme in history of Colombia (4G) emerged the deepest ever corruption scandal in the region. The Odebrecht crisis forced all stakeholders to revisit their internal policies and work out together a solution to mitigate the risks that have subsequently materialised in certain projects across Latin America.

Economic turbulence does not affect sanitation as much as it does other infrastructure industries. Demand is inflexible, revenue stream is predictable and services are monopolistic by nature, which is not the case with other industries – transportation, for example, is more permeable to economic downturns.

In 2016, the Philippine banking system was at the centre of an unprecedented cyberheist where $81 million supposedly stolen from the Bangladesh Bank, the central bank of the country, ended up in the Philippine financial system and was eventually lost in the blossoming casino industry. The natural question would be whether the people who allowed the entry and movement of the funds had any liability under the Anti-Money Laundering Act.

The Companies (Amending) Number 3 Law of 2017 was published in the Official Gazette on June 2 2017. It transposes the provisions of directive 2014/95/EU of the European Parliament and of the Council of October 22 2014 amending directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups.

Dieter Grünblatt, Stefan Kramer and Benedikt Maurenbrecher of Homburger explore structuring options for international and domestic covered bonds involving a Swiss issuer

The ambitious long-term infrastructure development plans of Middle Eastern governments and related funding requirements, together with sustained low oil prices and the resulting volatility in regional liquidity, may finally have produced the right climate for Islamic securitisation to grow

The EU legislation is keeping market participants from New York to New Delhi up at night