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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

The single supervisory mechanism has impressed, but filing requirements and JSTs should be addressed

On May 23 2017, Law 3/17, which amends the law on the prevention of money laundering activities – Law 2/2006 (AML Law) – came into force. (Further details of the objectives and particulars of the amendments can be found in the March 2017 Macau briefing here: www.iflr.com/Article/3664320/Macau-AML-framework-developments.html).

Transfer limits are affecting liquidity. Changes need to be made to the framework to allow more flexibility

A brief summary of recent legal developments in Thailand affecting doing business in the country follows.

Catherine Young Hagerty Bruce Hoffman In the latest transatlantic combination, WOMBLE CARLYLE SANDRIDGE & RICE has merged with UK strategic partner BOND DICKINSON creating a firm with £340 million in combined revenues. The new firm, Womble Bond Dickinson, will go live on October 1 with 1,000 lawyers, 420 partners, 15 US offices and eight UK offices.