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Luis Antonio Semeghini de Souza Fabiola Cammarota de Abreu In the prevailing Brazilian economic environment, the potential acquisition of assets without the risks resulting from successor's liability is of great value. The recovery of the enterprise and the productive unit, rather than the recovery of the entrepreneur, is one of the principles adopted by the Brazilian Judicial Recovery and Bankruptcy Act (JRB Act, law no. 11.101/2005).

Following a few steady months leading up to the end of 2016, the past few weeks have in contrast seen an explosion in lateral moves.

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.

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).

José Ramón Paz Morales On December 29 2016, the Financial System Law (FSL), which is the law that regulates banks and financial institutions that perform financial intermediation in the Republic of Honduras, was substantially reformed. This is the first time since the FSL's enactment in 2004 that such important reforms have been made to legislation in this area of the law.

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.