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On April 18 2015, the Cyprus parliament approved a new package of insolvency laws, aimed at streamlining and modernising the existing system and promoting a rescue culture

Law 2/2015, which was approved last April 20 2015 by the Macau Legislative Assembly, amended Article 70 of the Labour Relations Act

Regulators have given financial institutions new responsibilities Anti-money laundering (AML) regulations are no longer a US or EU-only concern, with Asian jurisdictions now meeting – and sometimes surpassing – international expectations. AML compliance is increasingly a focus worldwide. In March the New York Department of Financial Services (NYDFS) ordered Commerzbank to pay $1.45 billion for AML failures primarily in its private banking business in Singapore. In February, the Financial Action Task Force on Money Laundering (Fatf) published a report around the financing of terrorist organisation Islamic State in Iraq and the Levant.

The central bank is introducing measures to promote the use of local currency. But new hedging requirements could have unintended consequences

Last month's ruling in the Federal House Finance Authority's (FHFA) case against Nomura and RBS may mark the beginning of closure for the residential-mortgage backed securities (RMBS) market, after the beating it has taken following the financial crisis. The blows to RMBS were both physical to its value, and emotional to its reputation.

A scheme based on the mutual recognition of PRC and Hong Kong funds has recently been announced

In-house and leading private practitioners gathered in London on May 19 to discuss how to encourage and capitalise on the continent’s growth story. Here are their key messages, and most candid off-the-record quotes

Falling commodity prices have prompted a number of restructurings in Australia. And creditors have developed a new mechanism to maximise value of distressed assets.

Kuveyt Turk Bank is about to open a fully shariah-compliant branch in Germany. It will be the first fully-fledged Islamic bank in the country, despite it containing the second-largest Muslim population of EU member nations.

The Companies Act 2014 (Act) was recently passed by the Irish parliament and most of its provisions will come into force on June 1 2015