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The presidential election and the case against EU membership have raised questions as to the member state’s options in the event of an exit. But legal obstacles would make the process difficult

China is closing the doors to investment offshore as it tightens the grip on capital flows. Some of its corporates risk being left behind

Technology for technology’s sake won’t help address the current business puzzles financial institutions face, nor will it solve regulatory challenges in the EU

A new avenue has been opened up for Indian issuers to raise rupee-denominated bonds from the international debt capital markets

The process for restructuring a business in distress used to be driven by the extent of the company’s legal obligations. However, recent history has shown the growth of tensions between legal and actual liabilities

In a bid to better conform to international standards and improve the quality of information disclosure, the Financial Services Authority of Indonesia (OJK) issued a new regulation in March 2017 detailing public disclosure obligations of certain shareholders of Indonesian public companies.

The amended Act on Residence of Foreign Nationals came into force in Slovakia on May 1 2017. The priority of this amendment is the transposition of European directives governing seasonal employment and intra-corporate transfers of workers. In terms of business immigration, worth mentioning is the introduction of a simplified procedure for obtaining temporary residence for the purposes of carrying out a business involving an innovative project.

On January 16 2017, the Government issued Decree 03/2017/ND-CP (Decree 03) on casino business, after more than a decade in the drafting stage. Under this decree, a casino business enterprise is permitted to operate only within an integrated entertainment, services and tourism zone with minimum investment capital of $2 billion. Decree 03 also mentions 'small scale casino operating enterprises' with total investment capital of less than $2 billion but no specific guidance on this has been given yet. Aside from an investment registration certificate (or investment policy decision), the investment project in an integrated zone is also required to have a certificate for casino business for satisfaction of conditions issued by the Ministry of Finance. Decree 03 also regulates the number of gaming machines and gaming tables based on the total committed investment capital of the project, with maximum of one gaming table and 10 gaming machines for every $10 million of investment capital. The decree also provides that for a period of three years (from the date on which the first casino business enterprise was licensed to conduct the trial), Vietnamese resident citizens, subject to certain restrictions, are permitted to gamble at casino business locations, on a pilot basis.

Since 2003, the Central Bank of Cyprus has maintained a database known as the Central Information Registry (CIR) to record details of issuers of dishonoured cheques. It is administered by a committee, which has the sole competence to register, maintain, update and delete data regarding registered persons.

On March 10 2017, the Federal Council of Switzerland opened a hearing procedure for the amendment of the Lex Koller, the law restricting the acquisition of real estate by persons abroad. The Federal Council proposes in part very severe restrictions. For this reason, the Federal Council is not formally proposing to implement the most controversial changes relating to commercial properties and listed real estate companies, but rather is putting them up for discussion only.