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  • There has been a continuing shift in the Philippine intellectual property (IP) landscape, beginning with the passage of the Intellectual Property Code (IP Code) in 1997. Coming into effect in 1998, the IP Code resulted in the harmonisation of Philippine IP laws with international standards. In 2014, due to the strengthening of IP enforcement activities, the Philippines was removed from the USTR Special 301 Report, a yearly report released by the US which assesses the level of IP rights protection and enforcement provided by countries with which it has commercial activity. The fact that the Philippines has remained outside the watch list for four years now proves its commitment to sustaining its intellectual property reform. Now, the government's objective is to develop IP as a catalyst for economic development.
  • The Slovak Commercial Code is set for sweeping changes, most of which, if signed by the president, will come into force in January 2018.
  • This is a continuation of the update in last month's briefing. The exchange of information by the Macau SAR under Law 5/2017 can finally occur at the authorities' own initiative, irrespective of any request received from a foreign country that is a contracting party to an international agreement or convention on double taxation or on prevention of tax evasion.
  • Ireland is the latest sovereign to successfully launch a zero-coupon bond in the market, with reports pointing to demand 2.5x oversubscribed for the five-year notes.
  • The global economy is moving away from fossil fuels. But markets could be in for a shock when the well runs dry
  • Hew Kian Heong Michelle Li In China, Herbert Smith Freehills hired three new projects partners from Pinsent Masons. This closely followed the ending of the alliance between Pinsents and Chinese firm Hesen Law Firm.
  • The US Federal Reserve has aligned its latest rules for a number of G-Sibs’ contractual requirements to the resolution regimes applicable to these entities
  • While a repeat of the 1997 financial crisis is a possibility, it's an unlikely one. 'Asia is much better equipped, much more advanced now, and much more resilient,' IMF Asia-Pacific department director Changyong Rhee recently told Chinese media Xinhua.
  • The Commission’s Chairman talks to IFLR’s John Crabb about the need to balance derivatives market regulation and financial system stability with economic growth and prosperity
  • China is burying itself under a mountain of debt