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David Lyons Two of the big five accountancy firms have opened legal arms in Hong Kong recently: KPMG and Delotte launched SF Lawyers and JE Jamison & Co respectively.

The EU General Court’s judgment last summer confirmed that PE firms are not immune to antitrust risks

On January 11 2019 the Central Bank of Cyprus (CBC) published on its website its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period ended September 30 2018, showing aggregate non-performing facilities and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded.

Belgium is in the process of transposing the fifth Anti-Money Laundering Directive, which has a broader scope of application than its predecessors. Here Baker McKenzie lawyers unpick its approach

What a difference a year makes. One year ago, cryptocurrencies were confounding all expectations. The value of a single bitcoin reached $16,477 in January 2018, with little sign of falling. A year later and those caught up in the wave of hysteria will feel disappointed. The price of bitcoin has fallen to below $4,000, and its long-term future is very much in doubt. Many analysts believe even the $4,000 figure is too high.

Amended money-laundering legislation that came into force in the Slovak Republic on November 1 2018 requires companies to register their beneficial owners in the commercial register. Previously, only companies which conducted business with the state or received public funds were required to report their beneficial owners; those beneficial owners were registered in a public register of public sector partners, a register that is separate from the commercial register. The new legislation requires all companies in Slovakia, with the exception of publicly listed companies, to register their beneficial owners in the commercial register.

Beginning January 1 2019, all corporations registered with the Philippine Securities and Exchange Commission (SEC) are required to disclose their beneficial owners in their annual reports to the SEC. Under SEC Memorandum Circular Number 17 of 2018 (MC 17-2018), all SEC-registered corporations have to reflect in their general information sheets the following information on their beneficial owners: (1) complete names; (2) specific residential addresses; (3) nationalities; (4) tax identification numbers; and, (5) percentages of ownership, if applicable.

They've never been popular with sponsors and corporates, but an investors’ market has kept them around. Baker McKenzie lawyers Rob Mathews and Haden Henderson question if now is the time for that to change

Buyside firms must consider regulatory reviews, Brexit and BEPS – tax’s Mifid II – in their relocation strategies. Two longstanding fund hubs are accelerating their efforts to snap them up

Lawyers and other industry sources are pleased the European Commission has conceded a two-year delay on the BMR, but say they still need Ester to be published as soon as possible