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Following months of a political vacuum at the top of South Korea's political chain, the world's 11th economy has elected a human rights lawyer-turned-politician candidate to head a country increasingly resentful towards the chaebol, or family-owned conglomerates. Moon Jae-in of the Democratic Party of Korea, who served as chief of staff to the late president Roh Moo-hyun, has been widely touted as the first liberal president in South Korea after nine years of conservative rule.

Robert Lighthizer was sworn in as the next US trade representative in May, sounding the starting gun for the long awaited renegotiation of the North American Free Trade Agreement (Nafta). The 1994 agreement created a trilateral trade bloc in North America consisting of Canada, Mexico and the US. It has been hotly disputed since inception: while GE backed Nafta and threw its weight behind Mexico, senator Bernie Sanders has been a fierce adversary for more than two decades.

First of many IRB InvIT’s IPO was the first in India to test Sebi’s guidelines on the classification of a trust

Uzoma Azikiwe and Festus Onyia of UUBO review the Nigerian courts’ approach to foreign jurisdiction clauses in commercial contracts

Itır Sevim-Çiftçi and Kemal Aksel of Yegin Ciftci Attorney Partnership explore the main principles governing acquisitions in Turkey

Mobeen Rana, partner at MR Legal Inn, examines the structure of the international arbitration laws in Pakistan and the attitude of the local courts in interpreting them

The Brazilian government has been making concerted efforts to eliminate red tape and generally improve the country's business environment. A new package of measures aims to eliminate bureaucratic procedures to reduce the so-called Brazilian cost - the set of structural and economic difficulties that make doing business in Brazil so expensive. The new rules simplify legal requirements for the creation of security interests in Brazil and improve institutional and legal stability.

Gönenç Gürkaynak and Öznur İnanılır of ELIG, Attorneys-at-Law assess the impact of recent changes made to Turkey’s competition law framework

Much has been said about the results of Colombia's fight against corruption; from its 90th position (out of a total of 176 countries) ranking in the Corruption Perceptions Index of Transparency International, to recent scandals directly affecting major infrastructure projects. Set against this background of cultural issues and perception problems, the recent wave of cross-border corruption cases (for example, Odebrecht and Canal Isabel II) has served only to set the spotlight even more firmly on Colombia as a country with a historic reputation for corruption.

Urs Feller and Marcel Frey from Prager Dreifuss examine the scope and limits to sovereign immunity in Switzerland and the recognition and enforcement of decisions against a foreign state