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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.

The Financial Services Commission has recently issued special guidelines for professional directors, especially those sitting on multiple boards in the global business sphere. In addition to the fiduciary duties expected from directors, resident directors must demonstrate that they have sufficient time to prepare for and attend board meetings. Resident directors are also expected to have a reasonable number of directorships. Reasonableness will be judged on various factors including, but not limited to, the number of board meetings being held, categories of companies and staff supports available to the director.

Gözde Kayacik Convertible bonds are a type of bond regulated under the Communiqué Regarding Debt Securities (II-31.1) published in the Official Gazette on June 7 2013, and numbered 28670. This bond has a hybrid nature, which is a combination of an ordinary bond and a warrant. It grants the holder the right to convert the bond into a number of shares in the issuer company either by means of capital increase (contribution), or by converting them into other issuer shares. According to the Communiqué:

Since 2006, Thailand has approved policies to promote the purchase of power from projects using renewable energy. The 2009 National Energy Policy Committee (NEPC) approved additional tariff adders for certain categories of alternative energy, including solar power.

The bond market will help fill Turkey’s project funding gap, but it’s no panacea Turkey's first infrastructure bond has opened another financing avenue for the country's high performing projects. The $450 million issuance by the operator of Mersin International Port included incurrence-based covenants, making it akin to a high-yield offering.

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

Jack Lange of Paul Weiss Rifkind Wharton & Garrison assesses the effectiveness of recent guidance letters issued by the stock exchange on pre-IPO investments

Mexico’s energy sectors will have to remove these - but when?

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

Bo Yong Ahn and Sung-Soo Choi of Kim & Chang explain the rapid growth of private equity funds in South Korea in recent years