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Elias Neocleous Law 144(I) of 2015 amends the Partnerships and Business Names Law (Cap 116) to introduce the concept of partnerships limited by shares (commonly referred to as limited liability partnerships, or LLPs) to the law of Cyprus. LLPs and their equivalents are widely used in other jurisdictions, particularly for investment holding purposes, and their introduction into Cyprus will provide a convenient new vehicle.

For US counsel mulling over how corporate equity markets will play out this year, front of mind is the question of whether 2015's disappointing initial public offering (IPO) activity will continue.

Only 10% of some 2,500 major listed domestic companies have fully complied with Japan's first corporate governance code, introduced last June, according to counsel in the country.

Catherine Tsang The new year marked a new start for a number of lawyers in Hong Kong. MAYER BROWN JSM, looking to build on its recent association with PRC firm Jingtian & Gongcheng, added a new partner in the special administrative region. Nicholas Chan – an expert on Hong Kong's IPO market – joined from Sidley Austin where he was a partner in its corporate finance group. WHITE & CASE also hired in Hong Kong, adding partner Catherine Tsang from Paul Hastings to strengthen its corporate and capital markets capabilities. ASHURST brought in partner Joshua Cole from King & Wood Mallesons to focus on Asian M&A; and UK firm INCE & CO added Balbir Bindra from CEC North Star Energy to reinforce its Asia transactional practice. Also in Hong Kong, OLSWANG established a non-exclusive association with local firm HALDANES to expand its media advisory, regulatory and transactional expertise.

Further regulatory guidance is needed to unleash China’s new market. In the meantime, counsel are busy speculating over its biggest driving force to-date

What underpins any FMI reforms Financial regulators in Asia have called for the need to establish common regulatory infrastructure for the region's capital markets, rather than simply importing western regulatory regimes.

Daw Khin Cho Kyi Daw Thaw Dar Sein Until July 2013, although Myanmar was a party to the Geneva Protocol on Arbitration Clauses of 1923, it was not a party to the International Centre for Settlement of Investment Disputes Convention (the ICSID Convention) or to other international conventions relating to arbitration. Myanmar deposited its instrument of accession without reservation to become a contracting state of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which became effective on July 15 2013.

Julian M Hashim Yishan Yong More parties are opting to include service of notices in agreements by way of email because it is expeditious and convenient. However, there are implications of using email as a method of service that may not be obvious.

Bracewell & Giuliani’s Alastair Young, Darren Spalding and Paige Bennett explain why the pro-freedom of contract interpretation is at odds with the judiciary in Australia and the US

Struggling debtors have been testing the countries' new restructuring regimes. Paul Hastings’ Joy Gallup explains how debtor-in-possession funding is their favoured tool