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In Slovakia, an employee may be obtained from another employer or temporary employment agency through what is called temporary assignment of employees. This is very popular, primarily due to the financial savings associated with payroll administration, and particularly the savings involved with the costs incurred in the event of a sudden drop in production. Another advantage is that job openings can be quickly filled by suitable employees. Also, in the event of a sudden drop in production the employee that was allocated can simply be returned, effectively terminating the employment relationship without the need for a notice period and without the obligation of paying severance to the employee.

Rose Marie M King-Dominguez In a May 8 2014 opinion, the Philippines' Securities and Exchange Commission (SEC) advised that the provision of 'an online platform intended to increase the sale of a particular product' is a mass media activity. Under the Constitution, ownership and operation of mass media enterprises is wholly reserved to Filipino citizens.

Jaime de la Torre On May 7 2013, the new alternative fixed-income securities market (MARF) was created in Spain through a resolution passed by the AIAF management company's board of directors (governing body). The MARF enables companies (whose circumstances prevent them from accessing official secondary markets) to obtain financing through the issue of fixed-income securities. The MARF is legally configured as a multilateral trading system, directed and managed by the governing body. The Spanish Securities and Exchange Commission (CNMV) supervises MARF's governing body.

Supattra Sathapornnanon Thai law governing surety and mortgages is found in the Civil and Commercial Code (CCC) and has been relatively stable over the years. Amendments were passed by the National Legislative Assembly on October 2 2014, which in due course will be enacted into law. The amendments were made to provide better protection and fairness to a surety and mortgagor who are not principal debtors.

Isil Ökten Mustafa Yigit Örnek The new Regulation on Undertaking of Liabilities by the Turkish Treasury (Regulation) entered into force on April 19 2014. It was based on article 8 (A) of the Law on the Regulation of Public Financing and Debt Management 4749 (Law 4749). This new Regulation provides that build-operate-transfer (BOT) projects, education projects through the build-lease-transfer model and public private partnership (PPP) projects in the health sector can benefit from the debt assumption undertaking. The scope of the debt assumption undertaking includes the partial or whole repayment of financial obligations of the project companies, including those arising from the principal loan provided for relevant investment and services and related derivative products. The debt assumption undertaking consists of: (i) the whole amount of financing costs; and (ii) (a) if the project agreement is terminated due to project company's fault, 85% and (b) if the project agreement is terminated due to reasons not attributable to the project company, 100% of the loan amount. The following conditions need to be met for the granting of a debt assumption undertaking:

The insolvency law celebrated its tenth birthday this year. Andi Kadir of Hadiputranto Hadinoto & Partners analyses how the process has changed since it was passed?

Recent judicial decisions have revived concerns around the enforceability of English contracts in Indonesia. Ashurst's Joel Hogarth explains how to protect yourself

BBVA's Agustin Martin Calmarza and Aaron Baker explain why ABS is key to Europe’s move towards a more market-focussed system of funding

B y the time you read this, you'll be living in a single supervisory world. On November 4 the European Central Bank (ECB), under the auspices of its Single Supervisory Mechanism (SSM) will become fully responsible for 130 eurozone banks, and some non-eurozone member states too.

Both detractors and supporters of the recent pro-democracy protests in Hong Kong have argued that their side benefits the city-state as a financial centre – and conversely, that the other's views would doom the city's international reputation.