Search results for

Oene Marseille Emir Nurmansyah The Indonesia Finance Ministry has issued Minister Regulation 137.1/PMK.011/2014 on July 7 2014, imposing a tariff on the importation of certain iron and steel products into Indonesia. This Regulation is issued following recommendations from the Trade Safeguard Committee of Indonesia (KPPI). The KPPI determines that the tariff is necessary to prevent serious injury that are deemed to have arisen from increased importation of steel and iron products into the country. The KPPI states that steel importation into Indonesia has increased from 79,279 tons in 2008 to 251,315 tons in 2012 and found a causal relationship between the increase and the threat of serious injury.

Diego Alejos Financing in Guatemala has seen a recent expansion in the different options offered by financial institutions, national and foreign, to Guatemalan companies. This has allowed Guatemalan corporations to expand their operations by having a wide portfolio of finance products from which to select the most adequate means of acquiring the funds to develop their operations. Traditionally in Guatemala, corporations, both national and foreign, have obtained their financing from Guatemalan financial institutions; they have tended to enter into traditional options such as Lombard credits, syndicated loans and in some cases project finance. However, these options did not meet the funding needs required by corporations. In some cases, the limits imposed on Guatemalan financial institutions by law regarding the concentration of investments and contingencies restricted the funding offered to corporations. In other cases, the financing structure offered to the corporations by the financial institutions did not meet the corporation's needs. This situation changed to some extent with the entering of foreign financial institutions into the Guatemalan financial market, as the limits regarding the concentration of investments were somewhat lessened, allowing for bigger loans and financing.

Lei Wun Kong Nuno Soares da Veiga Following the enactment of the Foreign Account Tax Compliance Act (Fatca) by the US Government, financial institutions in the Macau SAR are analysing the impact of complying with it. Under Fatca, foreign financial institutions (FFIs) are required to report information directly to the Internal Revenue Service (IRS) regarding the accounts of customers who are treated as US persons for US tax purposes, and customers who have been identified as having links to the US. Moreover, Fatca provides that non-compliant FFIs will be subject to a 30% withholding tax on their US investments and US-source income. While the purpose of Fatca may be to combat the tax evasion of US taxpayers, compliance with Fatca poses a challenge to Macau financial institutions striving to comply with local laws, in particular the Financial System Act (FSA).

Activism and engagement have long outlived the shareholder spring of 2012. Skadden's Scott Hopkins and Lorenzo Corte explain why UK boards must prepare to become more responsive

Limited recourse provisions don’t preclude an issuer from becoming insolvent. Slaughter and May's Sanjev Warna-Kula-Suriya and Eric Phillips analyse whether this is this a concern

Vote now on IFLR's Quick Poll, to be published in the October magazine

Nigeria has become the first African country to issue local bonds in the form of global depository notes. The deal is set to spark further deals from the region

The country's corporates are increasingly active in the US high-yield market because their home market has no equivalent

A flurry of auto asset-backed securitisation deals has sparked renewed enthusiasm for structured finance in the jurisdiction

Despite regulators’ aim to expand the number of dealers in the country's derivatives trading market, the top five banks remain the biggest players