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Michael Wolf Philadelphia-based BALLARD SPAHR has merged with two law firms in one week: media law firm Levine Sullivan Koch & Schulz and Minneapolis-based Lindquist & Vennum, a corporate M&A specialist. The combined firm will have over 650 lawyers in 15 offices US-wide.

On July 13 2017, Brazil enacted Law 13.467 which changed many aspects of Brazilian labour and employment law (the Amendment).

The magnitude of the December 2016 Odebrecht corruption scandal continues to unfold. The Ruta del Sol, Sector II agreement, one of Colombia's largest toll road projects which was involved in the scandal, has now been terminated by mutual agreement following an order from the Superintendence of Industry and Commerce. Some queries remain unresolved regarding the termination payment under the formula agreed by the parties. In addition to that particular case, lenders now have several concerns as to the consequences of a concession agreement being declared null and void due to kickbacks in the bidding process.

The PRC is racing to regulate token sales

It has been more than three decades since the enactment of the law that regulates the Fideicomiso. The Fideicomiso, in general terms, is the legal act whereby a settlor transfers assets to a fiduciary (trustee) that agrees to manage those assets under the provisions established in the Fideicomiso instrument (trust), for the benefit of a beneficiary, which could be the settlor itself.

It was only a matter of time until the benchmark was set to come to an end. But what could possibly replace this much criticised rate? IFLR finds out

The Cyprus Securities and Exchange Commission (CySEC) has issued a summary of the changes to passporting arrangements and conditions governing the provision of investment services and activities by third country firms. These changes will apply as from January 3 2018 under Law 87(I)/2017, which transposes the Markets in Financial Instruments Directive (Mifid) II into Cyprus law. The scope of Mifid II is wider than the existing regulatory regime and the Mifid II passporting arrangements will apply to a broader range of activities, services and financial instruments than before. CySEC advises all the investment firms it regulates to review their passports and authorisations to determine whether they require amendment under the scope of Law 87 (I)/2017 and, if so, to submit the requisite notifications using the forms provided on CySEC's website.

The new Labour Code is scheduled to be enacted in 2018 or 2019. The latest version of the draft law presented for solicitation of public opinion from April to June 2017 introduces some notable changes proposed by the government.

This is a continuation of the update in last month's briefing. The exchange of information by the Macau SAR under Law 5/2017 – which established the new regime for the exchange of information with foreign entities on tax matters – may also occur upon a request being received from a foreign country which is a contracting party to an international agreement or convention on double taxation or on prevention of tax evasion. This is, however, subject to reciprocity: the Macau SAR will only process requests received from countries that would admit a similar request if made by the Macau SAR.