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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.

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

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.

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

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