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Fourteen years after the launch of the Mainland and Macau Closer Economic Partnership Arrangement (CEPA) in 2004, the economic and trade cooperation between mainland China and Macau continues to be strengthened and enriched. Since 2016, a series of amendments have been introduced to CEPA to improve and update the existing provisions, in particular in the fields of trade services, trading of goods, investment and economic and technical cooperation.

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.

On July 15 2018, Decree 81/2018/ND-CP dated May 22 2018 (Decree 81) took effect and repealed Decree 37/2006/ND-CP dated April 4 2006 (Decree 37), detailing regulations on the law regarding commercial promotional activities.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

The revamped Jobs Act is designed to rejuvenate IPOs, but will it work?

Marcus Peter, GSK Stockmann Luxembourg

Traditional banking institutions have been fending off the threat of self-made start-up fintech organisations since the concept of fintech first made its way into our vernacular

The US Supreme Court’s Ohio v American Express decision of June 2018 analysed the economics of the two-sided market for credit card transactions

Blockchain could create new opportunities for verified identity solutions

Japan's offshore wind power generation industry is seeing increased attention from companies and investors, both at home and abroad. On March 9 2018, the Cabinet approved the Bill on the promotion of the use of sea areas related to offshore renewable energy power generation facilities. The Bill is targeted for promulgation in 2019 (or maybe within 2018).