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

The finances of some of China’s main banks are triggering red flags China has in recent years been battling excessive leveraging and the high levels of non-performing loans (NPLs), with the People's Bank of China having taken firm action to tackle the issues. The central bank has, among other things, diversified the maturity structure of open market operations and imposed tighter prudential rules on off-balance sheet wealth management products (WMPs) – high-yield savings products issued by banks or financial institutions.

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.

While no single factor can explain the US IPO market’s recent bounce-back, it’s clear that government initiatives to support private companies have helped

The EU directive has disoriented the investment research market. Will it find the correct path forward?

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

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).

As financial institutions tackle their never ending to-do lists of regulation readiness, the realisation that much of the EU's incoming legislation will affect far more parts of the business than originally thought is crystallising.