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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.

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.

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.

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.

Asset managers think Mifid II will have the most significant regulatory impact on their business

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).

The Commission’s proposed preventive restructuring frameworks would reduce differences between EU regimes but several issues need to be ironed out

President Donald Trump may have his sights set on deregulation but a full repeal of title VII looks unlikely

The government is placing continued focus on acquisitions by foreign companies in Germany