Search results for

Daniel Futej Rudolf Sivak Radka Gerzova Recently, two amendments were passed introducing novelties into the public procurement process in Slovakia. The changes do not enter into force at once, but will take effect gradually up to January 1 2014; however, most of the changes will already be effective as of July 1 2013. A new obligation to use an electronic auction by respective authority will apply only to goods which are readily available on the market. As regards other goods, services and construction works, it will be up to the authority whether it will use an electronic auction. It is not clear what criteria should be used when the authority is deciding whether or not it will use an electronic auction.

Focus Media’s debt financing package serves as a precedent for acquisition financing in the region, just as the market gathers steam. Here’s why

On the face of its liberal regulations, the South East Asian nation’s financial sector looks open to investment. But nationalistic sentiments is proving a real threat

For the last 12 months, Asian market participants have voiced their opinions – mostly negative – about the cross-border reach of the US Commodity and Futures Trading Commission's (CFTC) plan to regulate the over-the-counter (OTC) derivatives market. Now, however, the extraterritorial provisions of the European Market Infrastructure Regulation (Emir) suddenly seem much more threatening.

How should banks’ CCP default fund exposures be calculated?

Which country's reputation has taken the biggest hit in business circles over recent years? Surely, the US is second to none. The once-undisputed financial superpower has suffered an unrivalled fall from grace. This past month, however, has provided some stark reminders that the US's legacy of global leadership and influence is difficult to erase.

Ahlibank has become the first Omani bank to roll out a Shariah-compliant fund, creating the only Omani fund focussed on the Middle East and North Africa. Here's how the bank launched the bellwether deal in the absence of a regulatory framework.

VakifBank’s benchmark programme is the latest step for Turkey’s maturing capital markets

Pedro Dittrich Having not held auctions of areas for exploration and production of oil and gas since 2008, the Brazilian government decided to hold three bidding rounds in 2013: the 11th bidding round, which took place in May; the first pre-salt bidding round, to be held on October 22, certainly the biggest auction to be held in the sector; and the 12th bidding round, focused on the production of unconventional gas. Such initiatives have affected substantially all aspects of the oil and gas industry, creating various investment opportunities in the country. The 11th round presented very good results. Thirty winning companies, of which 18 were foreign, auctioned 144 onshore and offshore blocks in 11 sedimentary basins. Many records were achieved, such as the record number of 63 qualified companies to submit proposals, a record signing bonus ($1.4 billion in total), and the highest bid for a single block ever offered in Brazil ($172.5 million). All these numbers show the confidence of investors in the Brazilian opportunities for oil and gas.

The Italian Supreme Court, through its decision No 13905 of June 3 2013, has now recognised the right of non-professional clients to receive wider protection when dealing in financial instruments or investment services.