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The lack of EU recognition of Islamic banks has contributed led to their lack of profitability. Here’s why

The massive digitalisation of society has given rise to the need to amend legislation to accommodate the requirements of the new digital era. After years of relatively outdated copyright legislation in the Slovak Republic, an amendment to the Copyright Act was adopted and will come into force on November 1 2013. The amendment simplifies the entire process of obtaining licences to use works. The main difference to the original legislation is that a licence agreement can be concluded by setting out only a minimum of particulars, which are:

On December 17 2012, the Energy Regulatory Commission of the Philippines (the ERC) adopted the Transitory Rules for the Initial Implementation of Open Access and Retail Competition (the Transitory Rules) to ensure a smooth transition towards an open access and retail competition regime in the power sector. Under an open access regime, contestable customers (electricity end-users which have a choice of electricity suppliers) have the option to choose their own electricity supplier.

Julián J Garza and Héctor Arangua of Nader Hayaux & Goebel explore the new possibilities presented by Mexico’s evolving private equity industry

Felipe Cuberos of Prietocarrizosa analyses the development of bankruptcy and restructuring laws in Colombia

Oene Marseille Emir Nurmansyah Indonesia's Financial Services Authority (the OJK) has recently issued OJK regulation number: 2/POJK.04/2013 on share buybacks issued by issuers or public companies in significantly fluctuating market conditions (the Regulation). The Regulation came into effect on August 23 2013. The relaxation of regulations is supposedly part of the recent support package put in place to aid the downward pressure on the Indonesian currency and downward adjustment in the Indonesian stock market. The Regulation aims to reduce the impact of a significantly fluctuating market and the resulting pressure on the domestic stock exchange, by giving flexibility to the issuer or public company (the Company) to conduct share buybacks without having to violate the prevailing laws and regulations.

Despite doubts over how progressive the new Turkish Commercial Code will be, Duygu Turgut and Orçun Solak of Esin Attorney Partnership suggest it is still a step forward for the reemerging economy

Christoph Neeracher, Raoul Stocker and Charles Gschwind of Bär & Karrer assess the impact of recent legal and market developments in Switzerland, and future prospects

The People's Republic of China (China) and the Macau Special Administrative Region of the PRC (Macau) signed, on October 17 2003, the Mainland and Macau Closer Economic Partnership Arrangement (CEPA). The purpose of this agreement, which is an FTA-like arrangement concluded between two separate customs territories of a single sovereign state, is to promote the joint economic prosperity and development of China and Macau, as well as to enhance the level of economic and trade cooperation between them. Moreover, CEPA is an open agreement, that is, its contents can be continuously deepened, enriched or amended, according to the economic needs of the two parties. In this regard, over the past decade, 10 supplements to CEPA have been signed, the last of which – Supplement X to CEPA – was signed on August 30 2013, and will come into effect on January 1 2014.

The regulatory heads of Europe and the US’s private equity associations go head-to-head on the most pressing topics facing the industry today