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Takuya Sonoda In 2014, the Japanese Diet agreed to amend, in two stages, the Act against Unjustifiable Premiums and Misleading Representations. This was following a series of scandals in which the menus used at a number of famous hotels and restaurants in Japan were found to be misleading, listing ingredients not actually used in the dishes. First, the Act for Partial Amendment of the Act against Unjustifiable Premiums and Misleading Representations (Law 71 of 2014) was promulgated on June 6 2014 and came into force on December 1 2014. This amendment introduced the requirement that business operators take all necessary measures to ensure the accuracy of all representations made to customers, including the establishment of appropriate managerial systems. Prime Minister Abe, on November 14 2014, oversaw the publication of guidelines to this amendment, setting out the fundamental policies of the amendment and listing specific examples of measures that must be taken by business operators in Japan.

Terje Gulbrandsen On December 10 2014, Oslo Børs (the Oslo Stock Exchange) resolved certain amendments to the listing rules, with the new rules entering into force on January 12 2015. Before the amendments, there had been a requirement that at the time of application for listing on Oslo Børs, the main part of the company's activities must not be in a pre-commercial phase. Directive 2001/34/EC on the admission of securities to official stock exchange listing does not contain any requirement for a company to have reached a commercial phase in order to be listed on a stock exchange, and nor is there any such requirement for any stock exchange comparable to Oslo Børs. Despite this, Oslo Børs has until now found it appropriate to apply such a requirement for listing on it.

Pedro Cortés Marta Mourão The Legislative Assembly is appraising a proposal to amend Decree Law 40/95/M of August 14, which establishes the right to compensation for occupational accidents and diseases. To further enhance the protection of rights of injured workers and to clarify the procedures necessary to compensate damages arising from occupational accidents and diseases, the draft law provides for a wider range of situations that may be considered an occupational accident.

Shenzhen-based property developer Kaisa's recent default has drawn renewed attention to the nuances of cross-default clauses in loans, bonds and derivatives.

Clifford Chance’s Francis Edwards, Terry Yang and Yasuyuki Takayami explain why the global requirement can clash with local confidentiality obligations

Oene Marseille Emir Nurmansyah Indonesia's Ministry of Transportation has issued an amendment to its previously issued regulation on airfare pricing. The amendment was issued on December 30 2014, and effectively places a non-waivable floor on domestic airfares. Airfares for international flights are not affected by the amendment and will continue to be governed by the rules of the International Air Transport Association.

Recommendations on policies affecting international investor exits could change India’s FDI landscape. Private equity may especially benefit

The new breed of sovereign bonds to combat the perceived rise in power of holdouts in sovereign restructurings is growing in popularity

New staff letters suggest the early stages of an exemptive programme for non-US clearinghouses, offering flexibility to foreign houses

The deal and team nominees for this year's ceremony have been announced