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Mauritius has lined up with the first few countries to sign a cooperation agreement with EU securities regulators following approval of the memorandum of understanding by the European Securities and Markets Authority at its May 22 2013 meeting. The move makes Mauritius one of the very few African jurisdictions to enter into cooperation arrangement with EU authorities in the EU Alternative Investment Fund Managers Directive (AIFMD) era. The cooperation agreement will provide the mechanism for exchange of information, mutual assistance and application of the provisions of AIFMD to Mauritius-domiciled alternative investment funds (AIFs).

James Sattin The legal framework for the Panamanian Energy Sector (Law 6 of 1997) divides the Republic of Panama into three distribution territories. For each territory an exclusive concession is granted to one distribution company. Due to this exclusivity, regulations require these companies to purchase most of the power and energy they need to satisfy customer demand through reverse public auctions (energy bids), initially carried out by the distribution companies and most recently by the grid operator (Etesa). From their inception in 1997 until 2011, industry regulations prohibited generation technology discrimination in the energy bids, and hence, such bids were open to all prospective generators. As a result, it was difficult for the National Public Services Authority to direct the development of the energy matrix. Furthermore, this limitation inhibited the entry of certain, largely unsubsidized, renewable generation technology sources, as they could not compete with traditional fossil and hydroelectric generators under the standard bid parameters.

Infrastructure, resource nationalism and offshore investment vehicles play an important role in the next superpowers’ evolving relationship

Some ambitious ideas are driving the transformation of Mongolia’s capital markets. Here’s the inside story on what next to expect from the frontier

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.