Search results for

The privatisation of ANA, a Portuguese airport concession company, has revealed the country's ability to attract foreign investment notwithstanding its precipitous debt crisis.

China’s asset management industry is seeing a drive towards expansion and unification. But will it benefit all parties?

The Black Economic Empowerment (BEE) initiative may not be a legal requirement, but it is one of the most important business requirements for potential investors into South Africa today.

Daniel Futej Rudolf Sivak This article provides a brief overview of important legislative changes in Slovak tax legislation which have recently come into effect. Based on the amendment to the Income Tax Act, as of January 1 2013, Slovakia no longer has a flat rate tax for companies (legal persons) and individuals. The tax rate for companies increased from 19% to 23%. As regards individuals (natural persons), two tax rates exist, and these will be applied in the following way:

Stamatiou Costas On February 21 2013, the Cyprus Securities and Exchange Commission (CySEC) issued a circular addressed to Cyprus investment firms (CIFs) to draw their attention to the obligations attached to their freedom to provide services in other EU member states (host member states). The provision of services under the freedom to provide services means that a CIF provides services freely in the host member state without having a physical presence there, for example through its website. Different arrangements apply if the CIF has employees or representatives physically present in the host member state acting on its behalf. These are contained in article 76 of the Investment Services Law, which regulates the establishment of a branch or the appointment of a tied agent attached to a branch established in the host member state. A CIF providing investment services in a host member state under the freedom to provide services must notify CySEC of its intention to do so in accordance with article 79 of the Investment Services and Activities and Regulated Markets Law of 2007, as amended (the Investment Services Law). Article 79 stipulates that a CIF may not start to provide services or perform activities in the host member state until it receives notification from CySEC that the competent authority of the host member state has been informed of its intention to provide services there.

Distributors of foreign QIFs must soon adapt to the revised Swiss rules. Here’s what they need to do

Italy’s high yield bond rules aim to open the country’s debt markets. Here’s what prospective bondholders need to know about the new regime

The third public offering of Mexican real estate investment trust Fibra Uno has been widely reported as a transactional breakthrough with the potential to help the real estate investment trust (REIT) asset class attract new investors from around the world.

If there were a phrase to sum up market sentiment in 2013, 'cautious optimism' would be it.

Davis Polk & Wardwell won the Americas law firm of the year at the annual IFLR Americas awards ceremony held in New York last night - becoming the first to win the coveted award two years in a row