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On January 31 2013, Thailand's House of Representatives approved a new act intended to facilitate private investment with public sector projects. The Act Governing Private Sector Participation in or Operation of State Activities will supersede the 1992 version which presented several issues for parties wishing to enter joint investment contracts with state-owned enterprises. These issues include an unclear and overlapping authority of several government regulators with the NESDB refusing to play a significant role and substantial delays and increased costs in the project approval, with no clear definition of what constitutes a state-owned enterprise. In addition, the old act does not provide for contract renewals or amendments or the scope of discretion for project approval.

João Nuno Riquito The rapid growth of Macau's economy – driven by the gaming industry – has filled the region with a permanent presence of world players from gaming and gaming-related businesses. Ten years have passed since the new concessions (and the sub-concessions) were granted. During this time, the growth of the business industry and its related industries has been taking place in a relatively tolerant and deregulated environment. With six-times the revenue of Las Vegas and nearly 30 million visitors per year, the casino industry is the driving force behind Macau's economy, representing more than 40% of Macau's overall GDP.

Asa Shinkawa, Hiroko Shibata and James Emerson of Nishimura & Asahi look at Japan’s streamlined minority shareholder cash-out procedures and protections

Kenji Tosaki of Nagashima Ohno & Tsunematsu examines a recent High Court opinion which should make it easier for foreign companies to recover damages against rights infringers in Japan

Junichi Ikeda of Nagashima Ohno & Tsunematsu discusses the promotion of renewable energy through Japan’s feed-in tariff regime

Paul Hunter, secretary general of the International Bankers Association of Japan, shared his thoughts on Japan’s business environment, the newly-established Japan Financial Markets Council and global regulatory issues

Yoshinori Ono and Miki Fujita of Nishimura & Asahi explore the potential impact of the introduction of a class action litigation system

Larry Bates, president of the American Chamber of Commerce in Japan, discusses its structural reform recommendations, the Trans-Pacific Partnership and foreign direct investment into Japan

Akihisa Shiozaki and Peter Armstrong of Nagashima Ohno & Tsunematsu provide guidance on dealing with the increasingly popular administrative tools of the Japanese regulators

RBI's final guidelines regarding the licensing of new banks will broaden the banking industry. But it is unclear who will take advantage of the rules