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UK firm DWF has expanded its Australian arm with eight senior hires and the opening of a new office in Newcastle in New South Wales. The new office will be the firm's fourth in the country joining existing bases in Sydney, Melbourne and Brisbane.

In the central American region, the legal framework must guarantee the confidentiality of personal data. In terms of security policies, seven out of 10 large companies in central America claim to have them defined, dictating how employees should behave when using the company's computing resources, and how to use data in a confidential manner. However, in order to face growing vulnerabilities and risks, any internal policies or regulations established within companies need to be complemented with proper technology. In both El Salvador and the rest of the region, companies are rethinking their security strategies including their policies, work regulations and internal processes.

Private enterprises, including foreign-invested companies, rely on contracting arrangements to optimise their business by farming out work for tasks which could be more efficiently carried out by third parties. A contracting arrangement exists when an entity, known as the principal, farms out work to a contractor. The work is carried out by the contractor's employees who are governed by employment contracts with the contractor.

One component of the EU's Capital Markets Union project is to ensure that securitisations are carried out in a transparent and risk-reflective manner, and that they are of high quality. As with many other financial instruments, this more cautious approach is a direct reaction to practices that were brought to light by the financial crisis.

Rishabh Shroff and Varsha Reddy of Cyril Amarchand Mangaldas examine Indian rules surrounding investment in Japan

On April 26 2018, the Brazilian Central Bank issued new regulations (i) allowing certain types of transactions by credit fintechs, exclusively through electronic lending platforms; and, (ii) covering the areas of cybersecurity, data storage and cloud computing applicable to financial and payment institutions.

Sfera Legal, based in Costa Rica, has continued its regional expansion with the launch of Sfera Legal El Salvador and Sfera Legal Nicaragua. The firm is now present in four central American countries.

The Latin American region and the infrastructure industry have been making the headlines after recent investigations and exemplary sanctions on corruption-related scandals that have even overthrown governments. Colombia has not been immune from this situation: this has encouraged regulators to acelerate efforts to criminalise behaviours related to compliance risks especially corruption, bribery, money laundering and financing of terrorism (AML/CFT), and antitrust.

The Cyprus Securities and Exchange Commission (CySEC) has announced the detailed arrangements for regulated administrative service providers (ASPs) to submit information regarding the year 2017 for the purposes of risk-based supervision.

IFLR speaks with Morrison & Foerster partner Susan Gault-Brown and of counsel James Schwartz on the poll results and what to expect next for the Volcker Rule