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With the US forecasted to overtake rivals Russia and Saudi Arabia as the world's leading oil producer by 2017 – and continued US dominance of worldwide natural gas production – lawyers expect furious battles on the sector's regulation in 2013.

The global legal entity identifier system will launch by March 2013. But much must be resolved before regulators worldwide can issue LEIs

This year, clearing houses will look to comingle options contracts in an attempt to use margin offsets to lower Dodd-Frank compliance costs – for themselves and swaps traders

As a means of raising capital for investment in UK industry, equity markets no longer register on the radar screen of significance. But UK economist John Kay remains hopeful the market can be resurrected. Here's how.

2013 could be the year that consensus on the best approach to reform the UK's banking sector is finally achieved. Here's why

The lack of a coherent English law doctrine of lenders’ liability means US investors need to take care

The bank reorganisation navigated local law issues surrounding subordination and cram-downs

Starting from January 1 2013, sellers of goods and suppliers of services in Italy finally have more stringent terms under which to obtain the payment of their invoices by the relevant debtors.

Chinonyelum Uwazie The OECD estimates in its Infrastructure to 2030 Report (2007) that the annual infrastructure investment requirements for electricity, road and rail transport, telecommunications and water are likely to average around 3.5% of world GDP through to 2030. The report estimates that a large share of these investments will be taken in the developing world where countries such as China, India and Brazil will be spending billions of dollars on infrastructure to underpin their booming economies and satisfy the growing aspirations of their population. Nigeria is part of the developing world and is said to have one of the fastest growing economies in the African continent with over 140 million people and an average economic growth rate of 3.5% per year in the last few years. With such a thriving economy and an equally growing population comes the need for investments in areas such as electricity, road and rail transport as well as telecommunication. Recent projects at the federal and state level including the light rail mass transit project and the cable car transit project in Lagos State, Nigeria, are a testament to the efforts of the government to meet the growing needs of the population.

Daniel Futej Zuzana Steklacova The Slovak National Council passed the draft amendment to the Labour Code on October 25 2012, strengthening the position of employees and trade unions while slightly disadvantaging employers. The amendment came into force on January 1 2013. Starting this year, if trade unions want to represent all employees they no longer have to prove to employers that at least 30% of the employees are unionised. The employer's duty to consult on termination of employment with the trade unions has been reinstated, and failure to do so will render a termination of employment invalid.