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  • On March 26 2018, the Brazilian Central Bank enacted amendments to the existing regulation on payment methods, proposing more flexible rules on payment arrangements, payment institutions and on interchange fees charged to issuers of debit cards. The Central Bank expects these changes to foster competition among market players and as a result provide reduced debit card costs for end users.
  • The Financial Regulation Unit (URF) of the Colombian Ministry of Finance and Public Credit (MHCP) issued its regulatory agenda for 2018, including the release of another set of rules to align the Colombian financial regulation framework with Basel III standards for the second trimester of 2018.
  • Russian companies have demonstrated an increased interest in the arbitration market in Asia
  • Responses from Syed Musheer Ahmed, General manager (Interim), Fintech Association of Hong Kong and Duncan Watt, Consultant, Eversheds Sutherland
  • Years of widespread anti-corruption investigations in the Lava Jato (Car Wash) scandal have strengthened the Brazilian enforcement framework for regulatory and criminal matters
  • GDPR could help businesses clean up data handling practices. But some could be heading in the wrong direction
  • The recovery of the local property market, alongside the upturn in Macau's gaming revenue recorded since late 2016, has motivated the Macau SAR government to prepare, and submit for Legislative Council (LegCo) approval, some control measures to introduce more transparency and to increase the number of residential properties in the market.
  • Fintech: the emerging keyword of the 21st century. The term combines the words 'financial' and 'technology' and stands for the technological innovation in the financial services sector that has been under development in recent decades. This evolution can be seen daily when we use mobile applications to transfer money, make and accept payments, or when banks resort to robo-advisors to create automated investment advice for clients while taking advantage of lower administrative costs.
  • The amendment to the Labour Code that comes into force on May 1 2018 enshrines, among other things, a pay increase for employees. This pay increase only concerns the wage supplement paid to employees who work (i) on outings; (ii) on Saturdays; (iii) on Sundays; and (iv) at night.
  • Allen Shyu In Australia, Dentons significantly boosted its offering in the country through the hire of a large team of lawyers from DibbsBarker. The move will boost Denton's presence on Australia's east coast.