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John Breslin Callaghan Kennedy The impact of the UK's exit from the EU is one of the major headwinds for the Irish economy in 2017. Ireland has traditionally had a close trading relationship with the UK across all major sectors of the economy. Accordingly, in many respects Irish economic fortunes have been closely allied with those of the UK.

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.

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.

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.

Fernando Torrente Daniella Zussa Florian Biesalski It was also an active month in France with the fallout from KWM taking centre stage. GOODWIN PROCTER was one to take advantage, recruiting private equity and funds partner Arnaud David, previously co-head of investment funds at the ailing firm. David brought with him a team of four associates. The firm also appointed Marie-Laure Bruneel to the partnership from De Pardieu Brocas Maffei. KWM also lost its other co-head of investment funds, Nathalie Duguay, who switched to WILLKIE FARR & GALLAGHER to join its fund formation and asset management team.