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Here's why the Latin American stock market won't develop via phase II operation as originally planned

How an International Swaps and Derivatives Association opinion on Colombia's new close-out netting rules has sparked calls for new termination rights in OTC derivatives

Morrison & Foerster Address

Chun-yih Cheng In order to strengthen the protection of personal data, Taiwan's Computer Processed Personal Data Protection Act was amended in May 2010. The new Act extends to all persons, natural or juristic, and all personal data directly or indirectly leading to a living natural person. In particular, sensitive personal data, including medical treatment, gene, sexual life, health check and criminal records, are in principle not allowed to be collected.

Carlos N Lafargue The Spanish Act 38/2011, of October 10 2011, has amended the Spanish Insolvency Act 22/2003 introducing a new controversial sentence in article 90.1.6 stating that the "pledge securing future credits will only grant a special privilege to credits arising prior to the declaration of insolvency, as well as to credits arising after such declaration, when reinstated by virtue of article 68 or when the pledge was recorded in a public registry prior to the declaration of insolvency".

Chinonyelum Uwazie Since 2008, the Nigerian capital market has witnessed severe decline in the value and volume of shares traded on the stock exchange. While some attribute the decline to the unsavoury practices that trailed the previous administration of the exchange, others attribute it to the fallout of the global financial meltdown. Following the collapse of the market, the Nigerian Securities and Exchange Commission (SEC) made several reforms, including review of the law relating to share buy-backs in quoted companies.

Yau Khai Ling Nicole Ong Hwee Koon In Orchard Capital I Ltd v Ravindra Kumar Jhunjhunwala [2012] SGCA 16, the Singapore Court of Appeal propounded the important principles concerning the interpretation and the legal effects of non-exclusive jurisdiction agreements.

On December 15 2011, the Dutch government released a bill to introduce a bank tax which is expected to enter into force in mid-2012. The stated objectives of the bank tax are to ensure that the banking sector contributes to the costs of stabilisation, to stimulate long-term financing and to discourage excessive bonuses for the board members of Dutch banks.

The coming into force of the Competition Act 2010 on January 1 2012 ushers in a comprehensive competition regime in Malaysia. This new regime is expected to herald a paradigm shift in the way business is conducted in the country. Entrenched business practices that are seen to hinder competition will now come under close the scrutiny of the Malaysian Competition Commission (MyCC).

Ryuji Sakai In late February 2012, Elpida Memory, one of the key Japanese players in the DRAM integrated circuit global market, filed an application with the Tokyo District Court for commencement of corporate reorganisation proceedings (the statutory insolvency proceedings under Japanese law for use by large-scale businesses). A temporary restraining order has been granted by the court to maintain the status quo during the court's examination of the merits of Elpida's application.