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Malaysia has, in its Tenth Malaysia Plan for 2011 to 2015, re-emphasised its commitment to the use of renewable energy to meet the country's growing energy demands and the sustainability of the environment. This commitment can be seen through the enactment of the Renewable Energy Act 2011 (RE Act) and the Sustainable Energy Development Authority Act 2011 (Seda Act) coming into effect in December 2011, a significant milestone in the development of renewable energy in Malaysia.

Rodrigo Taboada In January, 2011, the National Assembly of Nicaragua approved Law No 741 that regulates trust agreements in Nicaragua. This is the first time that trusts have been regulated by law. The law declares that the regulation of trusts will have the purpose of allowing management of assets, execution of public and private investments, and creation of securities, among other things.

The Financial Supervisory Service (FSS) of South Korea has announced a new corporate disclosure system under which there will be an introduction of computerisation of the entire disclosure process and the follow-on examination procedure as well as different review standards for both top-ranking and struggling companies.

The chair of the FSB's shadow banking work stream on securities lending and repo has revealed potential policy options that his team is looking at

Vitor Constâncio, vice-president of the European Central Bank, has proposed the creation of a central database to provide information on the European repo market

Since being signed into law at the start of last month, market chat has centred on the Jumpstart our Business (Jobs) Act.

The first ever project financing in Uzbekistan has been completed.

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.

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.

Colin Riegels One of the great attractions of the British Virgin Islands as a jurisdiction for structuring finance transactions is the simple yet thorough security registration regime applicable to BVI companies. For the most part, where a lender advances money against security provided by a BVI company, registering the security and thereby protecting its priority and giving public notice of the secured party's rights is a straightforward and effective system. The legal position becomes less clear when the company is acting in its capacity as trustee of a trust.