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Regulatory scrutiny has increased FCPA risks for private equity and hedge funds in their dealings with sovereign wealth funds. Sidley Austin's Robert Keeling, Ike Adams and John Lupton explain why

The region’s regulators are proving indecisive on FDI reforms, but forging ahead with new technologies like cloud computing

Last month’s Delaware court ruling could provide boards with a significant tool to defend against activist hedge funds

Anna Cristina Valdes In 2010, the Republic of Panama added to its Tax Code a new chapter regarding the adequacy of double tax conventions for the avoidance of double taxation. The arm's length principle was defined, as well as the term related parties, and the scope of application of transfer pricing in the Republic of Panama. Operations realised by Panamanian tax-payers with related parties will be valued according to the arm's length principle. In other words, ordinary as well as extraordinary income, costs and necessary deductions to realise operations should be determined based on the price and amount agreed by independent parties under similar circumstances.

Growing hype over fleeting market trends should not overshadow the regulatory and finance developments that will outlive this stage of the cycle

EBRD's Gian Piero Cigna analyses the results of a study which reveals that regulators in transition countries must reassess their regimes to permit boards to operate independently

Pfizer/AstraZeneca is just the tip

José Ramón Paz Morales In the early 1990s, with the support of the international community, two securities exchanges were established in Honduras that formalised the domestic securities market for public offerings and injected much-needed capital into various sectors of the Honduran economy, especially the energy sector. By the mid 1990s, around 150 non-financial sector issuers were listed in both securities exchanges, representing approximately 90% of the total issuers listed. These issuers provided a broad range of attractive investment instruments to all kinds of local and foreign investors. In 1998, the Honduran financial system suffered a systemic crisis that began with wide ranging defaults in different sectors of the Honduran economy, caused by the effects of Hurricane Mitch. The crisis was aggravated by the lack of regulations in monitoring and controlling systemic risk and safeguarding the stability of the financial system as a whole. The Honduran securities market received far less support from the government than the banking sector, and as a result, was the most affected. By the end of the 1990s, trust in the domestic securities market was reduced substantially.

African Development Bank’s Tas Anvaripour explains how Africa50, the continent’s new project finance platform, will plug funding gaps and improve project bankability

The lighter side of the past month in the world of financial law