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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.

On July 15 2018, Decree 81/2018/ND-CP dated May 22 2018 (Decree 81) took effect and repealed Decree 37/2006/ND-CP dated April 4 2006 (Decree 37), detailing regulations on the law regarding commercial promotional activities.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.

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

Commercial battles are being fought on every continent. The Trump administration has imposed tariffs on a wide range of goods from long-standing trade partners including China, Canada and the EU. At the same time, it's reforming and reinforcing the powers of its Committee on Foreign Investment in the United States (Cfius) to oversee takeovers by foreign investors, and getting the Department of Defense involved as well for good measure.

Xiaomi's initial public offering on the Hong Kong Stock exchange (HKEx) in July kickstarted a wave of listings of companies with the so-called weighted voting right (WVR) structure. This allows significant voting rights to be awarded to a shareholder, regardless of their actual stake in the company, and is often used by a company's founders after an initial public offering to limit stock dilution and retain control.

The landmark scheme has brought much-needed clarification on the determination and payment of statutory interest

Cyprus's new law on alternative investment funds, Law 124(I)/2018, has now entered into effect following its publication in the official gazette.

A recent decision involving Singapore’s CW Group considers the interaction between the Hong Kong and Singaporean insolvency frameworks

Hong Kong’s financial regulator has become one of the first signatories of IOSCO’s enhanced cooperation standards

The settlement of a recent financial services regulatory enforcement action by the Central Bank of Ireland (CBI) highlights the interconnectedness of regulatory breaches. In brief, a failure of controls and policies can create a domino effect which triggers liabilities under the anti-money laundering/counter terrorist financing (AML/CTF) regime, client asset requirements and a finding that key frontline personnel are not fit and proper for their role.