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  • On January 15 2018, the Vietnamese government issued Decree 09/2018/ND-CP which came into force on the same day. Decree 09/2018/ND-CP replaced Decree 23/2007/ND-CP in governing trading goods and other directly related activities by foreign investors and foreign-invested companies in Vietnam. Decree 09/2018/ND-CP sheds light on some issues which were not clear under Decree 23/2007/ND-CP, but on the other hand raises doubts on others. There are five takeaways affecting the retail business sector.
  • Plans for a European banking union have been a long time in the making. Since 2012, the EU has been in conversation with member states to strengthen the bloc against economic shocks. These conversations have intensified over the last few weeks but Germany's acting finance minister Peter Altmaier said that clarifications on risk sharing and reduction need to be made in order to proceed to the next stage.
  • Alex Baker, director of competition advisory boutique Fingleton Associates, finds issues with the UK’s targeted merger strategy and its wide margins of discretion
  • Andrew Foster and Jacqueline Arena, Skadden Arps Slate Meagher & Flom
  • Under the 1977 legislation, where a party deals on its written standard terms of business exclusions or limitations of that party’s liability must pass the Act’s reasonableness test
  • In the event it leaves the EU without a comprehensive trade agreement, what are the options left to the UK to continue accessing the single market?
  • China is implementing a flurry of regulations to manage its non-performing loan (NPL) crisis. The IMF estimates the country's non-financial sector debt will exceed 290% of GDP by 2022, up from 235% in 2016. According to one of the country's four national state-owned asset management companies China Orient Asset Management, NPLs reached RMB1.7 trillion ($270 billion) at the end of 2017 and are expected not to stop growing until 2019 at the earliest. The emergence of zombie banks lending to zombie companies has exacerbated the problem.
  • Steve Mickelsen, General Counsel, 3Degrees Group and Martin Dunn, Senior Counsel, Morrison & Foerster offer their views on this hot topic
  • It has been nearly five years since the skin in the game requirement was implemented. Has it made a difference?
  • Caroline Jury Eduardo Fiordiliso In Egypt, Gide Loyrette Nouel became the first French law firm with a presence in the country after launching in the capital, Cairo. Senior partner Baudouin de Moucheron will lead the new branch.