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

Back to basics Europe’s first insurance premium loan securitisation

Chinese capital markets are heating up A combination of a depreciated Chinese currency and crackdown on speculation on real estate has, among other things, pushed Chinese companies to tap the international high yield bond market. But, when IFLR reported in late April on the influx of PRC issuers – a growing number of whom are local government-owned entities based in third or fourth-tier cities – issuing high yield dollar paper offshore, the country's regulators had not publicly responded to potential default concerns. Only the Shenzhen branch of the National Development and Reform Commission (NDRC) was reported to have required corporates based in Shenzhen raising mid-to-long-term offshore dollar debt to submit credit ratings reports issued by Moody's, S&P or Fitch as supplementary documentary evidence.

The best female lawyers from across the continent congregated at the Jumeirah Carlton Tower in London on June 15 to celebrate Euromoney Legal Media Group's seventh annual Europe Women in Business Law Awards.

The FMSB chairman explains how to bridge the gap between principles and granularity in the post-crisis environment

The situation in the Mediterranean country has reached a turning point, with the authors arguing it needs a new economic policy, away from punitive taxation, to be able to service its debt without external assistance

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.

In 2016, the Philippine banking system was at the centre of an unprecedented cyberheist where $81 million supposedly stolen from the Bangladesh Bank, the central bank of the country, ended up in the Philippine financial system and was eventually lost in the blossoming casino industry. The natural question would be whether the people who allowed the entry and movement of the funds had any liability under the Anti-Money Laundering Act.

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.

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).