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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.

Tomohiro Koyasu On April 1 2016 the retail electricity market in Japan will be fully liberalised to enable all consumers, including those in the household sector, to choose their preferred electricity supplier. This reform of the power industry is one of the steps taken by the government to address the vulnerabilities of the previous system, which was almost completely monopolised by regional electricity companies. These weaknesses were exposed following the Great East Japan Earthquake and the resulting nuclear disaster in 2011.

In a more LP-centric world, European carry has become the industry benchmark for all funds. Augentius's Brendan Tyne outlines why

Bracewell & Giuliani’s Alastair Young, Darren Spalding and Paige Bennett explain why the pro-freedom of contract interpretation is at odds with the judiciary in Australia and the US

Işıl Ökten Aslıhan Kahraman On October 23 2015, the Banking Regulation and Supervision Agency (the BRSA) published amendments to the Regulation on the Equities of the Banks (the Regulation). These amendments are intended to harmonise the Turkish banking regulations with Basel III, the comprehensive reform package developed by the Basel Committee on Banking Supervision to strengthen the regulation and risk management of the banking sector. The amendments will enter into force on March 31 2016 (the Amending Regulation). The Amending Regulation introduces the following key changes:

Till Spillmann Adrian Koller Pursuant to a decision of the Swiss Federal Supreme Court rendered in October 2014, up-stream loans extended by a Swiss company must be entered into on arm's length terms. If they are not provided on arm's length terms, up-stream loans may constitute de facto distributions and, therefore, may only be granted for an amount not exceeding the lender's freely distributable reserves. In addition, the court held that, as a result, the lender's ability for future dividend distributions is reduced by an amount corresponding to the loan amount. The court also imposed stringent requirements that needed to be met to satisfy the arm's length test. According to the view of most legal scholars, this decision constitutes a change in practice. It has raised a number of queries both at Swiss companies and among practitioners and scholars in Switzerland.

Many insurance policies contain clauses that require disputes to be resolved by arbitration, rather than through the courts

Ha Hoang Loc Truong Huu Ngu Several months after the new Investment and Enterprise Law came into effect, the Vietnamese government continues to demonstrate the spirit of administrative reform by adopting guidance on the implementation of the legislation.