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Oene Marseille Emir Nurmansyah In late December 2016, the Financial Service Authority of Indonesia (OJK) issued a regulation on the peer-to-peer lending business. The regulation affects peer-to-peer providers of loan products operating via internet platforms.

Daw Khin Cho Kyi The new Myanmar Investment Law (MIL) was enacted on October 18 2016, replacing the previous Foreign Investment Law (2012) (FIL 2012) and Citizens Investment Law (2013).

João Nuno Riquito Carlos Eduardo Coelho In the last quarter of 2016, the Chinese premier announced several new measures and policies focusing on the diversification of Macau's very one-sided (gaming) economy. In particular, some of those measures are expected to support the development of Macau's finance industry ultimately aiming at the transformation of its economic structure.

Makiko Harada In December 2016, the Cabinet of Japan announced that the amended Act on the Protection of Personal Information will be fully implemented on May 30 2017. One of the main objectives of the amended Act is to create a framework that recognises and addresses the fact that transfers of personal data occur on a global scale. Specifically, rules addressing transfers of personal data out of Japan will be established.

Mohammad Mitha The State of Qatar has issued a new law concerning the privacy and protection of personal data, law no. 13 of 2016 (the Law). While it is not yet in force, it is anticipated that it will be published in the official gazette soon and will come into effect six months later.

Daniel Futej Daniel Grigel Changes to rules governing enforcement proceedings in Slovakia will come into force on April 1 2017. The new rules will only apply to enforcement proceedings commenced on or after that date.

Andrés Sanjur In the past decade, the Republic of Panama has evolved substantially in every single aspect, from the expansion of the Panama Canal to the enactment of laws fostering investment and the establishment of multinationals; and certainly, the Panamanian capital market is not an exception.

Aaron Roi B. Riturban In line with the policy of the Philippine government to attract and promote investment from foreign nationals in activities that make important contributions to the industrialisation, socio-economic development and sustainable inclusive growth of the country, the Philippine Congress enacted Republic Act no 10881. The Act lifts the foreign investment limitations found in laws governing (1) adjustment companies, (2) lending companies, (3) financing companies, and, (4) investment houses.

Vu Le Bang Nguyen Thi Thanh Tram On January 1 2017 law no 91/2014/QH13 dated November 24 2015 (Civil Code) took effect, and deemed that the lending interest rate applicable to a loan is the one agreed upon by the parties involved. The agreed lending interest rate, however, must not exceed the cap of 20% per annum. If interest is agreed to be paid without a specific lending rate and the lending rate is disputed by the parties, the rate will be deemed to be equal to 50% of the cap on the lending rate (20%) at the time of repayment (article 468.2 of the Civil Code).

Tina Balzli Joel Fischer Fintech is currently a hot topic in many jurisdictions, particularly when it comes to facilitating innovation in that area from a regulatory perspective.