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Market instability in Africa’s second-largest economy has impacted deal levels. But a number of growth areas could underpin future investment possibilities

Following up on an article published last year in IFLR by Consortium Legal – Honduras regarding anti-money laundering (AML) legislation, on June 6 2017 the National Banking and Insurance Commission (CNBS) issued the Regulation on the Registration of Non-Financial Professions and Activities (Regulation). Beginning June 15 2017, attorneys, accountants, and various non-financial businesses, including but not limited to car dealerships, casinos, jewellery retail shops, real estate companies, and companies that grant loans without performing financial intermediation, will have to register with the AML registry for non-financial professions and activities of the CNBS.

The ripple effects of the UK’s decision to leave the EU are being felt globally, including in the Channel Islands and the Isle of Man, which are seeing renewed demand for their alternative stock market option

First published by the Council of Experts on the Stewardship Code in February 2014, the Principles for Responsible Institutional Investors – Japan's Stewardship Code experienced its first amendment on May 29 2017.

The Republic of Panama has signed over 10 tax information exchange agreements (TIEA) with countries such as Canada, Finland, Denmark, the US, and Japan, eight of which are in force. The majority of Panama's signed TIEAs contain an exchange of information clause upon request.

Developed countries have built the required infrastructure in most of the various sectors, including ports, railways, energy and sanitation. There is a sector that has been consistently growing in recent years, one which is in constant evolution and which continues to advance in leaps and bounds: the technology sector.

Motorways and expressways have long been viewed as a means of attracting investment and advancing the economic situation of the given locality. The construction of motorways is, however, a costly and time-consuming endeavour right from the very beginning in the authorisation process phase, and the entire process is rife with problems. New legislation came into force in early June 2017 in an effort to promote the construction of motorways. It is intended to reduce the time required for the authorisation process.

Economic turbulence does not affect sanitation as much as it does other infrastructure industries. Demand is inflexible, revenue stream is predictable and services are monopolistic by nature, which is not the case with other industries – transportation, for example, is more permeable to economic downturns.

The Companies (Amending) Number 3 Law of 2017 was published in the Official Gazette on June 2 2017. It transposes the provisions of directive 2014/95/EU of the European Parliament and of the Council of October 22 2014 amending directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups.

The lighter side of the past month in the world of financial law