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The Canadian Competition Bureau will interpret the Competition Act to prohibit anticompetitive behaviour, even when such acts are not directed at a competitor, according to new abuse of dominance draft guidelines published on March 22.

The first ever project financing in Uzbekistan has been completed.

The launch of Saudi Arabia's first domestic sukuk programme shows that the country's investors and regulator are growing more comfortable with the instrument, according to counsel on the deal.

Mergers, associations and link ups were again the topic of conversation in the Asia-Pacific region this month with the headlines taken by LINKLATERS and ALLENS ARTHUR ROBINSON who announced their exclusive alliance and Asian joint venture. The move had been mooted for a while and is set to go live on May 1. Within Asia the two firms are set to form a joint venture, which will share resources while retaining separate profit pools.

One story above all others has dominated the news this month, which is the rapid downsizing and widely reported financial issues at DEWEY & LEBOUEF. What started out as a small rolling snowball of partner departures has rapidly gained momentum and size and at the time of going to press the firm has seen over 70 lawyers leave offices in the US and across Europe since the start of 2012.

The restructuring at DEWEY & LEBOUEF has not been restricted to the US this month and the European region had its fair share of news with various partner departures occurring in London, Italy and the Middle East.

For many years China has been implementing separate policies for urban and rural land, under which they are governed by different legal systems and governmental authorities and are traded in different markets and have different rights. Use of farm land for non-agricultural purposes is monopolised by the government. Rural land to be used for urban construction needs to be expropriated from farmers first and then sold to land users by the government.

The enactment of the International Trust (Amending) Law of 2011 has completely modernised the international trusts regime in Cyprus. When it was enacted in 1992, the Cyprus International Trusts Law gave Cyprus a state of the art international trusts regime. The world has changed considerably in the intervening 20 years, however, and a number of restrictions and limitations contained in the original law are no longer necessary. New opportunities and investment practices have emerged, which the original law did not take into account. As a result, while the basic structure provided by the International Trusts Law remained sound, it required updating to adapt it to the needs of investors today and in the coming years.

Samuel B Abad Yupanqui On April 4 2012, the regulation of Law 29785 became effective. It carries the right to prior consultation with indigenous peoples recognised by Convention 169 of the International Labour Organization (ILO), and is intended to ensure the right to consultation when an administrative or legislative measure, for example, a mining lease or the installation of gas pipelines, may directly affect collective rights.

The US Financial Stability Oversight Council (FSOC) recently issued a final rule and guidance regarding non-bank entities that may be designated as systemically important subject to Federal Reserve supervision.