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Li Hua, Squire Patton Boggs In the last month there has been movement in the increasingly vibrant Chinese market. SQUIRE PATTON BOGGS – the result of a merger between US firms Squire Sanders and Patton Boggs in early June – made its first partner hire in the country by bringing in competition expert Li Hua from Gide Loyrette Nouel. Elsewhere FANGDA PARTNERS hired Michael Han – former head of Freshfields' China competition practice. Han is focused on competition law and is recognised as an authority in PRC competition matters.

Janet Butterworth, Norton Rose Fulbright Eric Muller, De Pardieu Brocas Maffei Kai Liebrich, Herbert Smith Freehills Alexander Dolgov, Hogan Lovells

Compared to the US and EU's established financial services regimes, Asia's regulators have largely been ignored by those beyond its borders. That began to change last year, when the region's supervisors begun asserting their extraterritorial authority. China's Ministry of Commerce (Mofcom) has attracted the most attention, delaying the merger between Glencore and Xstrata and recently blocking a three-way freight merger.

New rules increasing Canadian targets’ ability to use poison pills are up for comment

What reforms must PM Narendra Modi prioritise to kick-start the investment cycle

Recent rules are intended to pave the way for Mexico’s fast-moving Fibra sector. How will this new direction affect the market?

A former CFIUS representative explains the realities of filing with the body. Applicants should treat the process like a confession, not a deposition

Dealmaking is bouncing back, driven by sustainable and strategic transactions. But the new risks inherent in large-cap deals could rain on Europe's M&A parade

Randall Barquero On May 20 2014, Law 9246 – the Law on Guarantees on Movable Assets (Law)– was published in the official Costa Rican law gazette La Gaceta. In approving this type of law, Costa Rica joins various other countries in the region which seek to give better financing opportunities to businesses, particularly small and medium companies. The Law is based on the Inter-American Model Law on Guarantees on Movable Assets prepared by the Organization of American States. It will allow the constitution of guarantees over specific items of movable property, or a generic group of these, as well as on inventories, equipment, circulating assets, and account receivables. The Government of Costa Rica, as well as the country´s legal and business sectors, have high hopes that the law will stimulate and increase the access to credit for companies in the productive sector of the Costa Rican economy that otherwise could not provide suitable collateral for normal credit structures.

Kyriacos Kourtelos In 2009, the EC proposed a directive on Alternative Investment Fund Managers (AIFMs). The proposed directive aimed to ensure a high level of investor protection by setting out a common framework for the authorisation and supervision of AIFMs in the EU. Further, it aimed to provide robust and harmonised regulatory standards for all AIFMs within its scope and to enhance the transparency of AIFMs' activities and improve disclosure to stakeholders. In 2010, a political agreement was reached by the European Parliament and the Council of Ministers on Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD), which amended directives 2003/41/EC and 2009/65/EC and regulations EC 1060/2009 and EU 1095/2010. As the AIFMD adopts a phased approach to the implementation, it affects European Economic Area (EEA) and non-EEA fund managers differently. Nonetheless, becoming fully authorised under the AIFMD may allow certain fund managers to undertake management and marketing activities throughout the whole of the EU. Member states were required to transpose the AIFMD into national law by July 22 2013. Cyprus was the second member state to harmonise its legislation with the AIFMD, with the enactment of the Alternative Investment Fund Managers Law of 2013 (Law 56(I)/2013 – the Law), which was published in the Official Gazette of the Republic on July 5 2013. The Cyprus Securities and Exchange Commission (CySEC) was appointed as the relevant supervisory authority under the law. The AIFMD and the law are complemented by three EC regulations that have direct effect, namely: