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A three-judge panel of the Mauritian Supreme Court handed down a judgment in Cruz City 1 Mauritius Holdings v Unitech and another 2014 SCJ 100. This is the first reported decision by a panel of so-called designated judges appointed to decide matters relating to international arbitration.

Anna Cristina Valdes In 2010, the Republic of Panama added to its Tax Code a new chapter regarding the adequacy of double tax conventions for the avoidance of double taxation. The arm's length principle was defined, as well as the term related parties, and the scope of application of transfer pricing in the Republic of Panama. Operations realised by Panamanian tax-payers with related parties will be valued according to the arm's length principle. In other words, ordinary as well as extraordinary income, costs and necessary deductions to realise operations should be determined based on the price and amount agreed by independent parties under similar circumstances.

Laura Widmer Until recently, Switzerland's regime for social plans was rather liberal. No obligation to conclude a social plan existed unless one was foreseen in a collective employment agreement. If companies offered severance payments or other benefits in case of redundancies, they usually did so on a purely voluntary and fully discretionary basis. Since January 2014, the amended Swiss restructuring law has been in force and the situation has changed. As a compensatory measure for loosening the legal requirements for the transfer of insolvent businesses, the new rules introduced a duty to implement a social plan in case of mass dismissals. Employers are now required to negotiate a social plan if the criteria summarised below are met.

Mofcom’s new simplified merger review process is a welcome step towards a broader reform agenda. But ultimate success depends on its application

Regulatory scrutiny has increased FCPA risks for private equity and hedge funds in their dealings with sovereign wealth funds. Sidley Austin's Robert Keeling, Ike Adams and John Lupton explain why

The majority of European credit investors want regulators to help stop the region’s high-yield markets from becoming a bubble, according toFitch Ratings’ survey results released yesterday

The first securitisations of property assessed clean energy bonds have opened a lower risk alternative for funding energy efficient property developments

Hong Kong’s regulator is looking more closely at listed companies’ disclosure, says Michael Duignan, senior director of its corporate finance division

The launch of a new investment vehicle in Egypt signals that the country is once again open for business

As foreign banks await Myanmar's new licensing regime, weaknesses in the local finance system must also be addressed