Who is required to bear the loss when a bank transfer is fraudulently ordered through the home banking system? The answer is not straightforward and highlights an important factor: the correct use of access credentials is not what matters, but it is necessary to assess all the circumstances of the case, including both the conduct
I. Background: New Trade Frictions in 2026 Since late July 2026, EU-China economic and trade relations have entered a new round of frictions. On July 23, the EU formally approved a new round of sanctions related to the Russia-Ukraine conflict. Under EU Council Regulation No. 2026/1848, fourteen companies headquartered in mainland China and Hong Kong
The Bureau of Indian Standards (BIS) has extended the transition period for certain revised IS 10322 Series:2026 standards applicable to LED luminaires under the Compulsory Registration Scheme (CRS). The earlier deadline of 2 August 2026 has been extended to 2 February 2027, giving manufacturers and BIS registration holders an additional six months to complete testing
A guide to the qualification requirements, financial incentives, and practical considerations for multinational companies weighing a Shenzhen headquarters On the Qianhai waterfront, close enough to see Hong Kong across the bay, a Finnish elevator maker is getting ready to switch on something it calls its China Southern Headquarters. Kone’s decision to plant a regional command
Vietnam has strengthened its corporate transparency framework by requiring enterprises to identify, declare, update, and retain information on their ultimate beneficial owners (“UBOs”). The regime, introduced from July 2025, has been further clarified under Decree No. 296/2026/ND-CP and reinforced by the penalty provisions of Decree No. 288/2026/ND-CP, effective from 23 July 2026. Key Compliance Requirements
Kazakhstan is entering a new stage of investment policy. The country is not only trying to attract more foreign capital, but also to make investment projects more structured, predictable and easier to support through legal and tax instruments. This is especially relevant after the adoption of the new Tax Code and the recent discussions around
2025 was the year Central Asia’s external economic map genuinely shifted — not only in the headline numbers, but also in how the region relates to its two biggest outside partners. For the first time, China became the largest trading partner of Central Asia as a region. Trade in goods between China and the five
INTRODUCTION The Bankers’ Books Evidence Bill, 2026 represents a significant attempt to bring India’s law relating to banking records into the digital age. Introduced in the Lok Sabha on 3 August 2026, the Bill seeks to repeal and replace the Bankers’ Books Evidence Act, 1891, a statute enacted at a time when banking records were
Vietnam’s data compliance landscape is entering a new phase, with the Personal Data Protection Law (PDPL), the Cybersecurity Law (CSL), the Data Law (DL), and their guiding documents creating an increasingly comprehensive regulatory framework. Unlike the GDPR, Vietnam’s framework covers not only personal data protection but also cybersecurity, data classification, and government management. For foreign
