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Paul Boltz Serena Tan Li Chen In Australia, DLA PIPER announced that it would be shutting its office in Canberra as part of a wider strategy to close down less profitable locations. The move follows similar closures in Berlin and Tbilisi, and leaves the firm with four offices across Australia in Brisbane, Melbourne, Perth and Sydney.

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.

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

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

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

Banks in Cyprus have been given new tools to facilitate the reduction of non-performing facilities. These tools have been introduced through the enactment in April of Law 38(I) of 2017, which amends the Business of Credit Institutions Laws of 1997 to 2016, which regulate the activities of commercial banks.

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.

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.

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).