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This year’s hostile tactics look a lot less aggressive than in 2015 Hostile takeovers could rise in 2016, as last year's mega deals are replaced by smaller consolidations and activist shareholders continuing to push boards into action.

Pedro Cortés Calvin Chui Even as 2015 was winding down and coming to an end, the government of the Macau Special Administrative Region was busy putting together a robust draft law to amend various aspects of the legal framework for lease agreements. At present, the rules set out in the Macau Civil Code (1999) govern lease agreements.

The EU's fragmented insolvency rules have many critics. But there's little consensus on whether the goal should be a single market, minimum standards, or something in between

Struggling debtors have been testing the countries' new restructuring regimes. Paul Hastings’ Joy Gallup explains how debtor-in-possession funding is their favoured tool

When the deputy crown prince of Saudi Arabia announced last month that selling shares in state-owned oil giant Aramco was being considered, the business media went into overdrive. And rightly so; total value estimates being mentioned in the press range from $1 trillion to $10 trillion.

Randall Barquero León In July 2015, the Organisation for Economic Cooperation and Development (the OECD) formally established the path for Costa Rica's accession. The process started in 2013 when the OECD stated that it would consider applications for Colombia and Costa Rica's entry. This was the first time the OECD had announced an expansion since 2007. If admitted, Colombia and Costa Rica would become the third and fourth Latin American members of the OECD, after Chile and Mexico. This has been considered both a vote of confidence for Costa Rica but also a challenge to its capacity to adapt to meet the organisation's standards. These standards include financial regulations.

Bassam Moussa In 1971, three teachers who had pooled $1,350 to start a coffee shop in Seattle needed additional capital to keep their business running. They ended up borrowing $5,000 from a bank. The start-up that they originally named Starbucks Coffee, Tea, and Spice was able to get the financing it needed to grow and expand, eventually becoming the Fortune 500 company we now know as Starbucks.

Elias Neocleous Law 144(I) of 2015 amends the Partnerships and Business Names Law (Cap 116) to introduce the concept of partnerships limited by shares (commonly referred to as limited liability partnerships, or LLPs) to the law of Cyprus. LLPs and their equivalents are widely used in other jurisdictions, particularly for investment holding purposes, and their introduction into Cyprus will provide a convenient new vehicle.

Oene Marseille Emir Nurmansyah In response to Rupiah's rapid decline in value, the central bank of Indonesia, Bank Indonesia (BI), has issued a series of regulations requiring that certain documentation be produced in foreign exchange transactions against Rupiah above a certain threshold.

Only 10% of some 2,500 major listed domestic companies have fully complied with Japan's first corporate governance code, introduced last June, according to counsel in the country.