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Firms are facing hurdles in the race to tap the retail investor market. Debevoise & Plimpton’s Erica Berthou, Jordan Murray and Evan Neu analyse the challenges

Kamraj Nayagam Adam Lee Malaysia's Construction Industry Payment and Adjudication Act 2012 (CIPAA) came into force on April 15 2014. The CIPAA is described as 'an Act to facilitate regular and timely payment, to provide a mechanism for speedy dispute resolution through adjudication, to provide remedies for the recovery of payment in the construction industry and to provide for connected and incidental matters'. The CIPAA applies to construction works carried out wholly or partly within the territory of Malaysia; it relates to any payment disputes and is not limited to interim payments. Section 35 of the CIPAA provides that 'any conditional payment provision in a construction contract in relation to payment under the construction contract is void'. There is a possibility that these provisions will impact contracts in other countries connected to Malaysia.

A new act on private flat renting (Act) came into force on May 1 2014. It is intended to improve the position of landlords and motivate investors to build private rental flats, and is a special piece of legislation compared to Civil Code. It means that rights and obligations of the landlord and tenant related to private flat renting will be governed by provisions of the Act. The Civil Code will be used only in cases not covered by the Act. The Act does not apply automatically; it is subject to the tenant's acknowledgement that the rental agreement is entered into in accordance with the Act. Hence, parties may still decide to use the legal regime under the Civil Code.

Hudbay Minerals' hostile takeover of Augusta Resource reveals the rapid progression of defensive tactics in Canada.

David Hernand, Paul Hastings In the final weeks of June, OTTERBOURG announced its hire of banking and finance lawyers Jeffrey Rosenthal and Thomas Duignan as partners in New York. The pair, who are certified public accountants, had been with Troutman Sanders following their departure from Greenberg Traurig in February 2013. Also in New York, KING & SPALDING recruited Drew Chapman as a partner from WilmerHale where he headed up the alternative investment team.

Last month UK Chancellor George Osborne said he was confident Europe could achieve a framework for sorting out bank resolution within six months. But to meet this ambitious timetable, the region's policy-makers must resolve several key issues.

New rules increasing Canadian targets’ ability to use poison pills are up for comment

Recent rules are intended to pave the way for Mexico’s fast-moving Fibra sector. How will this new direction affect the market?

A former CFIUS representative explains the realities of filing with the body. Applicants should treat the process like a confession, not a deposition

Dealmaking is bouncing back, driven by sustainable and strategic transactions. But the new risks inherent in large-cap deals could rain on Europe's M&A parade