South Africa: Redesigning Legal Services in Africa

Investors in Africa face an increasingly complex business environment, with numerous geopolitical and economic risks to consider, as well as having to comply with...

The Luxembourg Register of Beneficial Owners: New Transparency Obligations for Registered Entities

The law establishing a Register of Beneficial Owners for Luxembourg-registered entities came into force as of 1 March 2019. The beneficial ownership register is...

South Africa: Amendments to the Financial Intelligence Centre Act Become Effective

The Financial Intelligence Centre Act of 2001 ("FICA") was amended by the Financial Intelligence Centre Amendment Act of 2017 (the "Amendment"), which provided for...

Singapore: Harsher Penalties for Offences Under the Corruption, Drug Trafficking and Other Serious Crimes

Recent amendments to the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A) (the "CDSA") took effect  on 1 April...

South Africa: Everyone’s cup of COFI? A Discussion on the Conduct of Financial...

A brief outline of the Conduct of Financial Institutions Bill, its effect on the financial industry and implications for consumers.It is fair to say...

Hungary: GDPR-related Developments by Sector

The Hungarian Parliament has adopted the sectorial legislative amendments relating to the European Union's data protection reform (Act XXXIV of 2019, the "Amendment") which...

Poland: Further Changes to Data Protection Laws in Poland

On 4 May 2019, further amendments to the rules on processing personal data came into force. They concern over 150 legal statutes and refer...

Singapore: Monetary Authority of Singapore Consults on Proposed Payment Services Regulations

On 10 April 2019, the Monetary Authority of Singapore (MAS) issued a consultation paper on the Proposed Payment Services Regulations (Consultation Paper).1 You may...

China issues a new consolidated law on foreign investment

On March 15, 2019, the National People’s Congress (NPC) of the People's Republic of China (PRC) passed the Foreign Investment Law of the People’s Republic of...

US: Regulations Address FATCA Verification and Certification Requirements

On 21 March 2019, the US Internal Revenue Service (IRS) issued final regulations (the Final Regulations) relating to FATCA verification and certification requirements. FATCA...