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 We launched Russia Update last year to provide clients with a single guide to major legal and market developments in Russia. In this periodical publication, we will alert you to key legal changes as well as news highlights from the business sectors which...

At the start of this year a number of significant changes relating to how interests in real estate (including land plots and buildings) are registered were introduced by the Law of Ukraine "On State Registration of Property Rights over Real Estate and its...

Rudyard Kipling’s description of the land of Burma in 1898 aptly describes the landscape of US sanctions on the country 115 years later. Those sanctions, imposed since 1988, have been lifted, suspended, and waived over the last year in a systematic effort...

Once again the Philippine Supreme Court ("SC") has changed the landscape with respect to the interpretation of foreign ownership restrictions in the Philippines.  The SC has recently issued a final ruling tightening the rules on foreign investment...

After years of deliberations, the so-called "EU package" was approved by the European Parliament and Council in December 2012. While it remains to be seen whether the legislative acts of the highly contentious package will really come into force as...

The Basel Committee on Banking Supervision ("BCBS") published the finalised Liquidity Coverage Ratio ("LCR") on 7 January 2013. The finalised LCR is less onerous than the original formulation published in December 2010 and should therefore...

On 18 October, the Department for Business Innovation & Skills (BIS) published draft regulations amending the regulatory structure for annual reporting by companies incorporated in the UK. The amendments include a new obligation for quoted companies to include...

Compared with legal regimes for combating bribery and corruption—which entail heavy penalties—recent measures to tackle business related human rights impacts look "soft". But does this mean there is no pressure to comply?

The final report of the Wheatley Review on LIBOR has been published today (28 September 2012). The report concludes that LIBOR should be retained as a benchmark, but, as expected, recommends a comprehensive reform of LIBOR, which includes replacing the British...

On 20 September 2012, the Government of India amended its foreign investment policy permitting foreign direct investment in civil aviation sector up to 49% under the Government Route.