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

Dennis M Kelleher, president and CEO, Better Markets and Peter J Wallison, senior fellow, American Enterprise Institute share their views on how the landmark legislation has impacted the financial services sector

A new competition law is scheduled to be enacted in 2018 and take effect in 2019. Currently, legislators are collecting public opinions on the second draft of this legislation, one of the hot topics currently being discussed by legal practitioners. One of the most important points to consider is that unlike the current regulations which do not clearly govern foreign entities, the draft law expressly provides that foreign entities and anti-competitive activities, including economic concentrations (ECs) which are performed outside of Vietnam but would cause a restriction of competition in Vietnam market, shall be subject to this legislation. Therefore, M&A deals between offshore entities in relation to indirect equity interests in a Vietnam-based entity will come under the oversight of the Vietnamese competition authorities.

For regulatory lawyers, 'extraterritorial' is becoming a bit of a buzzword. Seemingly not content with overseeing their own banks, asset managers or insurance firms, the world's regulators have over time, some more slowly than others, introduced far-reaching new provisions that give them the power to regulate others, too.

It's been a few months of ups and downs for the global financial markets. Brexit and Donald Trump, as well as other government elections and reshuffles in a number of jurisdictions have all played a role in upsetting the stability of the markets.

No rest for the EU financial markets this summer

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.

Panellists at this IFLR event agreed: Mifid II, Priips and other EU legislation focusing on derivatives will give the market more headaches in 2017

The new rules, which took effect on June 1, are expected to give cause for concern to businesses and data subjects operating in or with the PRC

A European company may be drawn to this market if it operates in the life sciences sector and needs to raise significant funding