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On June 15 2018, the Swiss Parliament adopted the Swiss Financial Services Act (FinSA). In the meanwhile, the Swiss Federal Council opened a consultation process regarding the Financial Services Ordinance (FinSO), implementing the provisions of the FinSA, which will last until February 6 2019. Together with the new Swiss Financial Institutions Act, the FinSA and the related implementing ordinances are expected to enter into force on January 1 2020. These laws are part of an entirely new regulatory framework governing the Swiss financial markets.

According to the implementation plan released in November 2018, terms of reference (TORs) have been issued for six projects, and 'contract awarded' notices are tentatively scheduled for February 2019.

Among the variety of investment areas in Vietnam, the education sector is becoming one of the most appealing. Consumer expenditure on education continues to rise in Vietnam. According to the British Council, consumers spent $8.6 billion on education in 2015, which is forecast to increase to $12.8 billion by 2021. According to statistics provided by the Ministry of Planning and Investment, for the first half of 2017, Vietnam attracted over $701.69 million in foreign direct investment via 336 projects in this sector.

Saudi Arabia’s new law introduces a framework for the winding down of distressed businesses in the country for the first time

New rules are expected to alleviate the regulatory burden surrounding the offering of foreign funds in Switzerland

Judges participating in a Hong Kong Competition Commission conference shared experiences regarding the use of specialist courts and mechanisms for adjudicating cases

Authorities are planning to strengthen the oversight of PRC companies involved in technology transactions with the US

The application of the senior managers regime to the sector could cause a talent drain. Brexit is also likely to force firms to change course

The new regulation could be the long-awaited answer to a long-standing problem

A number of leading in-house practitioners discuss how they are managing and implementing the transition away from Libor in the run up to the 2021 deadline