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Christian Donagh of Matheson Ormsby Prentice explains the issues where one of the parties is an Irish investment fund

Thomas Lustenberger, Alexander Vogel and Laurence Ruckli of meyerlustenberger explain the Swiss rules on remuneration and the public debate surrounding them

Freddy Karyadi Oene Marseille, Ali Budiardjo Nugroho Reksodiputro The Indonesian government has finally published the long awaited new Investment Negative List. The new list, issued on May 25 2010 under Presidential Regulation No. 36 of 2010 (2010 Negative List), sets out the lines of business that are closed to investment as well as those that are open to investment under certain conditions. The 2010 Negative List still uses the same classification as the old one, except for the one additional classification of: business fields that are subject to capital ownership limitation (foreign investments) and/or subject to certain locations for capital investors from ASEAN Countries.

On December 2 2009, Law 20,393 on the criminal liability of legal entities became effective. This is the first time that legal entities have been made subject to criminal liability in Chile.

Kayra Üçer Özgecan Tekdemir As a result of the increasing international focus on fighting corruption, more and more countries are joining multinational treaties and introducing strict domestic anti-corruption regulations. Similarly, compliance with and enforcement of the US Foreign Corrupt Practices Act (FCPA) has become more important for US and non-US companies alike, especially in the past five years. Globalised commerce and the development of global markets have induced even small companies to list themselves internationally and subjected more companies than ever to the FCPA's restrictions.

Adrian Chair Labuan was designated as Malaysia's offshore financial hub in 1990, operating as Labuan International Offshore Financial Centre. It was renamed Labuan International Business and Financial Centre (Labuan IBFC) in January 2008 to reflect the jurisdiction's growing international status.

Philbert E Varona In a move intended to help develop the Philippines' capital markets, broaden participation in real estate ownership and promote the financing and development of infrastructure projects, the Philippine Congress has enacted Republic Act No. 9856 (the Reit Law), establishing a legal framework for real estate investment trusts (Reits). The Reit Law became effective on February 25 2010. The rules and regulations issued by the Securities and Exchange Commission (SEC) to implement the Reit Law became effective on June 10 2010.

Oscar Samour In practice, mediation in El Salvador is mostly used in family and labour disputes. Even though business mediation is contemplated under the Ley de Conciliación, Mediación y Arbitraje (Law of Conciliation, Mediation and Arbitration, or LMCA) it is seldom or never used for solving business disputes. Nevertheless, the international projection that El Salvador is going through, especially after the ratification of the DR-CAFTA in 2005, has lead Salvadoran businesses to notice the importance given to mediation by their international peers. Consequently, interest in this subject matter has increased.

The London Commercial Court has very recently ruled on the laying of venue for civil disputes arising from derivatives entered into by an Italian local authority under Isda master agreements governed by English law.

Aki Corsoni-Husain The BVI's Securities and Investment Business Act, 2010 (Siba) has finally been introduced after a number of years in the making. It applies to a wide range of institutions and financial intermediaries and, aside from certain transitional provisions for pre-existing service providers, came into force on May 17 2010.