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  • The Philippines recently enacted Republic Act 10667 or the Philippine Competition Act (Act), which defines, prohibits and penalises anti-competitive agreements, abuse of dominant position, and anti-competitive mergers and acquisitions
  • The Commercial Companies Law 11 of 2015 (New Companies Law) received Emiri assent on June 16 2015 and will replace Law 5 of 2002 (Old Companies Law) 30 days after its publication in the official gazette
  • In April 2013, the Act Governing Private Sector Participation in the Operation of State Activities (2013) was published
  • Regulators of developed markets have closely scrutinised derivatives since the 2008 global financial crisis, introducing extraterritorial regulations such as the Dodd-Frank Act and European Market Infrastructure Regulation. Emerging markets, particularly those in Asia, are starting to look at derivatives differently – as a tool that manages, rather than creates, financial risk.
  • On July 22, Martin Wheatley, outgoing chief of the Financial Conduct Authority (FCA), declared that conduct was at the top of UK bank agendas. Over the following weeks, it's become increasingly clear that Wheatley's statement rings true for a much broader range of market participants.
  • The Foreign Accounts Tax Compliance Act (Fatca) was enacted by the United States Congress in March 2010
  • The bank strengthens their economic ties A new renminbi (RMB) clearing bank in Johannesburg is set to reduce trading costs and boost PRC investment across Africa. South Africa is the continent's first country to sign such a memorandum of understanding (MoU) with the Chinese government. It permits the Bank of China's Johannesburg branch to clear payments made in the world's fifth-largest currency by value.
  • Recent yuan depreciation could be a boon for the Hong Kong Exchanges Group's (HKEx) push into fixed income, currencies and commodities, said CEO Charles Li at an event last month.
  • Guatemalans are just a few weeks away from heading to the polls to participate in the country's general elections (presidential, congress and municipal)
  • Arturo Caraballo The height of summer was a busy time for lateral hiring at US, Canadian and offshore firms. In early August, WEIL GOTSHAL & MANGES bolstered its restructuring practice with the hire of partner Matt Barr in New York. Barr, who joined from Milbank Tweed Hadley & McCloy, advises creditors, debtors, bondholders, funds and shareholders in Chapter 11 and out-of-court restructurings. In the same city, SCHULTE ROTH & ZABEL gained both Boris Ziser and Thomas Weinberger from Stroock & Stroock & Lavan. Ziser, who takes the helm of Schulte's structured products and derivatives practice, works with a myriad of asset classes including loans, leases, cell towers and lottery receivables. Weinberger's background includes work on asset-backed securities, particularly risk-linked securities. He has also engineered fund formations.