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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.

Change is coming to the way stock transfers are recorded as blockchain technology allows stockholder lists to be managed electronically

Fieldfisher has opened a new office in Luxembourg, hiring Ingrid Dubourdieu to head up the new operation. Dubourdieu is a funds and regulatory lawyer. The firm says that the firm will also expand to offer corporate M&A and tax services. The move follows the firm's other recent office openings in Amsterdam and Frankfurt.

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.

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.

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.

Two years have passed since the Monetary Authority of Macau (AMCM) organised the Development of Financial Leasing Business in the Macau SAR forum in Beijing. The purpose of the forum was to promote the implementation of Macau SAR (MSAR) governing lines for the development of the MSAR financial leasing system and to leverage MSAR as a platform between China and Portuguese speaking countries, and between the Greater Bay Area and Europe, within the Greater Bay Area initiative and China's One Belt One Road initiative, a position reiterated in the 2018 governing lines. Since the forum, China and Hong Kong SAR's banking and financial institutions have shown increased interest in Macau's financial leasing business. These financial institutions have a certain degree of expectation on the amendments that will be introduced to the present legal systems and that additional benefits will be created in relation to financial leasing companies' operations from and to MSAR. So far, two financial leasing companies have been incorporated and their operations authorised in Macau, in addition to the general authorisations that have been issued for banks to operate in Macau.

Recent case law involving financial institutions confirms the ongoing viability of the Bankruptcy Code’s provisions