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  • Richard Hawkins Prakash Segaran In Australia HWL Ebsworth Lawyers and TressCox Lawyers announced their merger in January. The bulk of TressCox's lawyers will be joining HWL under the plan. Elsewhere Jones Day opened its fourth office in Australia in Melbourne. Three partners will relocate to head up the operation.
  • In furtherance of the Iosco principles, the Colombian Securities Market Self-Regulatory Organisation (SRO) has adopted a number of compliance-related certification requirements and is about to issue a comprehensive review of self-regulation guidelines for the foreign exchange (FX) market.
  • As of January 1 2018, a new long-term interest rate for loans granted by the Brazilian National Economic and Social Development Bank (Banco Nacional de Desenvolvimento Econômico e Social or BNDES), known as TLP, is in force.
  • Katten Muchin Rosenman has opened a new office in Dallas. Leading the new operation will be six new corporate partners, all formerly with law firm Andrews Kurth Kenyon.
  • The Agreement Abolishing the Requirement for the Legalisation of Foreign Public Documents (Hague Convention on the Apostille ) (Convention) was signed in the Hague, Netherlands, on October 5 1961. The Convention aimed to specify the process for legalising documents through a consulate in one of the contracting states for use in any of the other contracting states.
  • Numerous changes to the Slovak Income Tax Act were adopted in late 2017. We believe the most important of these changes were the tax exemption on the sale of shares and ownership interests, and the introduction of a new exit tax.
  • The increase in the regulation of securities and financial markets since 2008 will reach its peak in 2018 (with the revised set of Basel IV regulations arriving only, hopefully, in 2027).
  • In recent years, international email fraud cases have been occurring all over the world, where persons in the guise of trading partners contact companies by email using email addresses and domain names that closely resemble the official ones of such actual trading partners. Typically, the emails give false notices and instructions stating that the bank accounts for the remittance of purchase prices, for example, have changed. There are some cases where Japanese bank accounts are designated as the new remittance accounts in such notices and instructions.
  • The Cyprus Securities and Exchange Commission (CySEC) has issued a notification to entities it regulates and to participants in the market in general of the consultation process regarding a proposed amendment of the EU prudential rules for investment firms.
  • The Central Bank of the Philippines (BSP) has previously approved the rules and regulations governing virtual currency exchanges in the Philippines.