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The Commission’s proposal to introduce sovereign bond-backed securities fails to fully address their regulatory treatment as securitisations

Secondary loan market participants continue to grapple with who the customer is for anti-money laundering purposes

The discovery of pre-salt reservoirs in Brazil dramatically increased the country's oil reserves. There was hope that oil would fund education, health, and infrastructure, but these hopes proved to be unfounded.

Throughout history, money laundering has been used in various criminal areas, such as drug trafficking, terrorism, and investment and banking fraud. The subjects practising such activities usually seek out nations that have weak regulation and supervision of these matters.

On June 8 2018, the Act to Partially Amend the Consumer Contract Act (Amendment) was published by the Japanese Diet and is scheduled to come into force on June 15 2019. The Consumer Contract Act is intended to protect the interests of consumers, and address circumstances of disparity in the quantity and quality of information and bargaining power between consumers and business operators. The Amendment, among other things, sets forth the circumstances where a contract may be unilaterally cancelled or where unreasonable clauses may be considered invalid.

On July 6 2018, the 196th ordinary session of the Diet passed the Work Style Reform Act (Act) into law. The Act, which amends the Labour Standards Act (LSA) and other laws and regulations concerning working hours and annual paid leave, is intended to ensure that employees do not work long hours and enjoy a diverse work-life balance that suits their individual circumstances.

Offshore activities in Macau are ruled by Decree-Law 58/99/M (the offshore regime). Under this Law, such activities are categorised into financial and non-financial offshore operations, under the supervision of the Monetary Authority of Macau (AMCM) and the Macau Trade and Investment Promotion Institute (IPIM), respectively.

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.

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