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Kamraj Nayagam Adam Lee Malaysia's Construction Industry Payment and Adjudication Act 2012 (CIPAA) came into force on April 15 2014. The CIPAA is described as 'an Act to facilitate regular and timely payment, to provide a mechanism for speedy dispute resolution through adjudication, to provide remedies for the recovery of payment in the construction industry and to provide for connected and incidental matters'. The CIPAA applies to construction works carried out wholly or partly within the territory of Malaysia; it relates to any payment disputes and is not limited to interim payments. Section 35 of the CIPAA provides that 'any conditional payment provision in a construction contract in relation to payment under the construction contract is void'. There is a possibility that these provisions will impact contracts in other countries connected to Malaysia.

Jeff Bullwinkel, Microsoft's director of legal for the Asia Pacific, explains why a complance benchmark would help assure firms that they can adopt the cloud without flouting the region’s maze of regulations

Li Hua, Squire Patton Boggs In the last month there has been movement in the increasingly vibrant Chinese market. SQUIRE PATTON BOGGS – the result of a merger between US firms Squire Sanders and Patton Boggs in early June – made its first partner hire in the country by bringing in competition expert Li Hua from Gide Loyrette Nouel. Elsewhere FANGDA PARTNERS hired Michael Han – former head of Freshfields' China competition practice. Han is focused on competition law and is recognised as an authority in PRC competition matters.

On May 23 2014, the Kenyan Parliament ratified the Double Taxation Avoidance Agreement (DTAA) signed with Mauritius in 2012 so as to make it effective as of January 1 2015. Mauritius will bring the DTAA into effect on publication of a Gazette notice – this is expected to take place before January 1 2015.

All but two of the region’s governments intend to use it

Political concern and misunderstandings could threaten the budding US rental securitisation industry before it has a chance to take off.

Compared to the US and EU's established financial services regimes, Asia's regulators have largely been ignored by those beyond its borders. That began to change last year, when the region's supervisors begun asserting their extraterritorial authority. China's Ministry of Commerce (Mofcom) has attracted the most attention, delaying the merger between Glencore and Xstrata and recently blocking a three-way freight merger.

The US district court judge lost his battle against the SEC’s settlement policy, but he may have won the war. Here, a former SEC commissioner explains why

Firms are facing hurdles in the race to tap the retail investor market. Debevoise & Plimpton’s Erica Berthou, Jordan Murray and Evan Neu analyse the challenges

The first sukuk issued by a non-Muslim country bolsters London’s plan Islamic finance hub plans