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Mauritius has throughout the last two decades forged a strong reputation as a premier international financial centre. Contrary to traditional offshore centres, it offers the ability for treaty-based tax planning through its network of double taxation avoidance treaties (DTA). In order to benefit from the DTAs, an investment should be made by a resident of Mauritius, generally through a Global Business Category 1 (GBC1) company.

Roberto MacLean Article 106 of the Peruvian Ley General de Sociedades (Law of Corporations) establishes that a corporation may not grant loans or provide guarantees to third parties, in support of the acquisition of shares issued by such corporation. Some argue that this constitutes an absolute prohibition, and that any agreement providing such financing is null and void. With this in mind, some practitioners have designed structures that they believe avoid the prohibition simply because they avoid the form of a direct financing prohibited by article 106, hoping form will prevail over substance if the case comes to court.

Sarah El Serafy The Qatar Financial Markets Authority (QFMA) issued rules on margin trading on September 10 2014. Prior to the issuance of the Margin Trading Rules, margin trading was only mentioned as a regulated activity under Law 8 of 2012 (QFMA Law) among other activities listed in the definition of 'financial services. The margin trading process for customers of a QFMA-licensed financial services company is spelt out in detail under the Margin Trading Rules. The Rules cover the opening of the account up to the registering of shares with the Qatar Central Securities Depository (QCSD), as well as registering increases on the customer's accounts opened by the financial services firm managing the account for the customer.

Iñigo de Luisa After several years of economic turmoil, Spain's GDP forecasts anticipate a two to three percent increase for the next two years. This is probably the best performance of all EU members. Consumption rates are improving and foreign investors' interest is high. However, it is true that the unemployment rate remains too high (above 20%) and this year of elections (regional, municipal and Spanish government) could have an unexpected impact on investors' attitudes. It is clear that the appetite of international investors, distressed and special situations funds and debt trade desks will continue in 2015. They have previously revolved around the usual well-known corporate names, but this should change and new names will come into action.

In light of recent chaebol activity, overseers at the Korea Corporate Governance Service explain how the market must improve

Can Hong Kong and Shanghai’s legal and regulatory systems connect as well as their trading and clearing systems?

Leading lawyers have called for market participants to now engage with regulators in helping to shape the CMU's future rules.

A Philippines port operator has become the first Asian corporate to complete a tender offer of US dollar perpetual bonds. It should boost liability management in region

New regulations for depository receipts in India won’t be the deciding factor in boosting offshore listings. Listco candidates will be more focused on the country's market performance

The region's leveraged debt markets have undergone fundamental changes since the global financial crisis