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In the middle of the most ambitious infrastructure programme in history of Colombia (4G) emerged the deepest ever corruption scandal in the region. The Odebrecht crisis forced all stakeholders to revisit their internal policies and work out together a solution to mitigate the risks that have subsequently materialised in certain projects across Latin America.

Dennis M Kelleher, president and CEO, Better Markets and Peter J Wallison, senior fellow, American Enterprise Institute share their views on how the landmark legislation has impacted the financial services sector

A new competition law is scheduled to be enacted in 2018 and take effect in 2019. Currently, legislators are collecting public opinions on the second draft of this legislation, one of the hot topics currently being discussed by legal practitioners. One of the most important points to consider is that unlike the current regulations which do not clearly govern foreign entities, the draft law expressly provides that foreign entities and anti-competitive activities, including economic concentrations (ECs) which are performed outside of Vietnam but would cause a restriction of competition in Vietnam market, shall be subject to this legislation. Therefore, M&A deals between offshore entities in relation to indirect equity interests in a Vietnam-based entity will come under the oversight of the Vietnamese competition authorities.

The ambitious long-term infrastructure development plans of Middle Eastern governments and related funding requirements, together with sustained low oil prices and the resulting volatility in regional liquidity, may finally have produced the right climate for Islamic securitisation to grow

The EU legislation is keeping market participants from New York to New Delhi up at night

On January 1 2017, the Swiss domestic legislation on the Automatic Exchange of Information (AEOI) entered into force and the Swiss Federal Tax Administration (SFTA) published guidelines specifying the crucial aspects of the legislation for practical use. Under the AEOI, Swiss financial institutions (FI) will collect and exchange relevant financial information on 'reported persons' with Switzerland's partner states. By the same token, Switzerland will receive data collected on Swiss resident reported persons from Switzerland's partner states. The exchanged information will be used for domestic taxation purposes in the state of residence of the reported persons.

Dieter Grünblatt, Stefan Kramer and Benedikt Maurenbrecher of Homburger explore structuring options for international and domestic covered bonds involving a Swiss issuer

The FCA is proposing an all-in fee including trading costs, new governance standards and measures to boost competition

The RBI can force lenders to take action against loan defaulters, but they may be reluctant to do so without provisioning benefits

The startup’s anticipated public offering could follow in the footsteps of Snap's, concerning investor bodies and lobbyists