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On March 30 2017, Japan's Financial Services Agency (JFSA) published its principles regarding customer-oriented business operations, which relate to financial business operators' fiduciary duties.

According to the Economy and Growth Prospects 2017 report published by the Central Bank of Nicaragua (BCN), the results of Nicaraguan macroeconomic development remain among the best in the region.

The purchase of immovable property in the Republic of Panama requires adhesion to specific formalities and solemnities. Among the most relevant are: (i) the contract must be in writing; (ii) the contract must be formalised by a public deed authorised by a public notary of the Republic of Panama; and, (iii) the public deed must be registered at the Public Registry of Panama (PRP).

On March 1 2017, the Swiss rules on the disclosure of substantial shareholdings were amended. As a result, persons and entities exercising a discretionary power to vote shares based on the delegation of voting rights may now disclose either the person effectively exercising discretion or the consolidated position held by the ultimate controller.

There are no prevailing legal requirements as to how many employees must be represented by a trade union for the union to be able to play a role within a Slovak company. Unions only need to satisfy the requirements for the establishment of a civic association (that is, at least three members), after which employers must communicate with the union in the statutory manner. This communication includes consulting with the union each time the employer unilaterally terminates employment, or seeking the union's approval for issuing new work rules.

On February 2 2017, Executive Order no 13, which aims to strengthen the fight against illegal gambling in the Philippines, was issued.

There have been several recent legislative developments designed to facilitate establishing and doing business, and taking security interests in Thailand.

On April 11 2017, the Prime Minister issued Decision No 11/2017/QD-TTg on the mechanism to encourage the development of solar power projects in Vietnam (Decision 11). Under Decision 11, Vietnam Electricity Group or its authorised member (EVN) is responsible for purchasing the entire power output from solar power projects, including (i) projects with a licence for electrical operations relating to power generation from grid-connected solar power plants; and, (ii) projects that involve structures installed on roofs or attached to construction works (articles 3 and 9.1 of Decision 11).

In the absence of legislative proposals from the Trump Administration, the US Congress looks to roll back Dodd-Frank. But while any dramatic shifts are unlikely, the sector will have to implement a number of changes

The Federal Council has proposed amendments to rules for companies limited by shares. But excessively complicated processes remain