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The new Minerals Act (2017) came into effect on August 30 2017. Our briefing dated April 10 2017 provided some background on the former laws – the Minerals Act (l967) and the Mineral Royalty Rates Act (1966) – and a summary of major amendments. However, rules under the new Act were not enacted for some months, and many are still in draft form.

In January 2018, the Ministry of Public Security submitted the latest draft of the Law on Network Security to the National Assembly for review and feedback. The draft law requires foreign internet service providers furnishing services in Vietnam to establish a head office or representative office in its territory when its services reach 10,000 Vietnamese users, or at any time when so requested by the government at its discretion. As there is no definition provided for foreign internet service providers and the supply mode to be addressed, this draft law may cover cross-border internet service providers as well.

An amendment to the act on employment services slated to enter into force on May 1 2018 will have a substantial impact on the employment of third country nationals.

The Philippine government is aggressively advancing the acceleration of infrastructure and development of industries that will yield robust growth across the Philippines. Infrastructure projects are among the top priorities of the government with public spending on infrastructure projects targeted to reach between PHP8 trillion and PHP9 trillion ($154 billion to $173 billion) between 2017 and 2022.

Although full implementation of the Markets in Financial Instruments Directive II (Mifid II) in Portugal is expected to occur very soon, the truth is that market players already hold sufficient tools and comply with enough EU regulations to assess internal policies and procedures to make them compliant with the Mifid II requirements.

Brazil recently celebrated the fifth anniversary of Law 12.529/2011 (Brazilian Antitrust Law), which established a pre-merger control system and aligned the Brazilian Antitrust Authority (Cade) with more mature jurisdictions.

It is common for Japanese companies to maintain a continuing relationship with their presidents and chief executive officers (CEOs) even after they retire, and they usually remain in the company by taking on advisory positions, commonly known as komon or sodanyaku in Japan. Such advisory positions are not prescribed in the Companies Act of Japan and their roles vary from company to company.

In line with most legal systems, Macau law also allows the issuance of preference shares as equity instruments, making them attractive both to issuers and investors in situations where the financing needs of the company should not disrupt an existing majority or the structure of the corporate power.

Jackie Kahng In India Trilegal has closed its Hyderabad office and will service existing clients from Bangalore. The firm's one partner Pavan Kumar has left the firm.

Over two months in, and the new rules are not having the impact they were initially expected to