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The OECD published in October 2015 an action plan comprising 15 measures to fight base erosion and profit shifting (BEPS) of companies in the international tax environment. In the meantime, more than 100 countries have signed this initiative – the so-called inclusive framework means it's not only limited to OECD/G20 member states anymore.

An amendment to the act on employment services came into force on May 1 2018, substantially simplifying the process of hiring third-country nationals (TCNs). The amendment establishes simplified conditions for hiring TCNs in selected professions with a documented shortage of qualified labour in districts with an average registered unemployment rate of less than five percent. In these situations, in the process of granting temporary residence permits for employment purposes, the employment offices are no longer required to review the job market to determine whether Slovak or EU nationals can be considered first to fill vacancies. Likewise, the vacancies for which there is a labour shortage need not be advertised on the official jobs bulletin board at the Labour Office, in print or on the internet.

Regulation and risk management expert Bozena Gulija looks at how they are measured in the banking sector

A subject of interest for chambers of commerce in Thailand at the moment is the regulatory guillotine project.

On July 15 2018, Decree 81/2018/ND-CP dated May 22 2018 (Decree 81) took effect and repealed Decree 37/2006/ND-CP dated April 4 2006 (Decree 37), detailing regulations on the law regarding commercial promotional activities. Decree 81 provides certain new regulations with the aim of facilitating commercial promotional activities and encouraging market development.

But while the regulator is taking action, investors who want to comply need more guidance

The government owned utility completed a preliminary debt restructuring deal, but tests remain for creditors and debtors

With more challenges from banks increasingly possible following the decision to annul the ECB's demands, clarification is needed

The FASB’s regulation could have a large impact on bank capital once implemented

The Greek containership company has negotiated a $2.2 billion debt restructuring to escape financial difficulties