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Following a period of public consultations dating back to November 2011, the Brazilian Securities Commission (CVM) issued a new ruling dealing with the professional management and administration of securities portfolios

The Bribery Act is of little use while it is still being tested Buyers interested in business lines and assets being sold by Brazil's state-run oil company need to beware the corruption liability they may assume. Indebted oil giant Petrobras is looking to sell assets to shore up its financials and focus on its core business amid bankruptcy concerns and a corruption scandal. For potential buyers though, the liability hangover could cost them more than the deal itself.

Falling commodity prices have prompted a number of restructurings in Australia. And creditors have developed a new mechanism to maximise value of distressed assets.

On April 18 2015, the Cyprus parliament approved a new package of insolvency laws, aimed at streamlining and modernising the existing system and promoting a rescue culture

The central bank of Indonesia, Bank Indonesia (BI), has issued a new regulation requiring individuals and corporations to generally use rupiah in transactions in the territory of the Republic of Indonesia

The Companies Act 2014 (Act) was recently passed by the Irish parliament and most of its provisions will come into force on June 1 2015

Kuveyt Turk Bank is about to open a fully shariah-compliant branch in Germany. It will be the first fully-fledged Islamic bank in the country, despite it containing the second-largest Muslim population of EU member nations.

Regulators have given financial institutions new responsibilities Anti-money laundering (AML) regulations are no longer a US or EU-only concern, with Asian jurisdictions now meeting – and sometimes surpassing – international expectations. AML compliance is increasingly a focus worldwide. In March the New York Department of Financial Services (NYDFS) ordered Commerzbank to pay $1.45 billion for AML failures primarily in its private banking business in Singapore. In February, the Financial Action Task Force on Money Laundering (Fatf) published a report around the financing of terrorist organisation Islamic State in Iraq and the Levant.

Law 2/2015, which was approved last April 20 2015 by the Macau Legislative Assembly, amended Article 70 of the Labour Relations Act

A recent judgment has reinforced the LMA’s assertion that its documents are only a starting point for loan negotiations