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  • The decision has brought significant legal certainty on governing law to future international derivatives contracts
  • Quotas for currency convertibility have been set too low for multinationals to engage in any sizeable transactions
  • The SFC’s move to liberalise the city state's budding exchange-traded funds is welcome, but limits on passporting have drawn criticism
  • Indonesia has unveiled a plan to bring about a big bang in its semi-closed economy, as the country's new leadership seeks to rev up its deregulation drive and put its protectionist history behind it.
  • In a recently published (final) decision of December 2015, the administrative court of the Canton of Zurich decided on the arm’s length interest rate on up-stream loans granted to a parent company in a cash-pooling system
  • Effective from March 18 2016, Slovakia introduced a new type of collective investment scheme, known as a variable capital investment fund
  • In the wake of the global financial crisis, the Basel Committee released a set of principles applicable to so-called global systemically important banks (G-Sibs) and domestic systemically important banks (D-Sibs)
  • Myanmar’s new Financial Institutions Law (FIL) came into force on January 25 2016
  • The establishment of the Treasury Single Account (TSA) policy by President Muhammadu Buhari is a particular revolution in public finance administration as well as commercial banking
  • Transport services, including logistics services, have been opened by Vietnam under its 2007 Specific Commitments in Services to the World Trade Organisations (WTO commitments)