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Just three years after the crisis, it’s business as usual for Dubai. But as the emirate positions itself for an era of new growth, does the hype mask deeper-rooted problems?

The legal struggle over Argentina’s failure to pay holdout creditors has led the market to question if it is now time to tweak the historically obscure sovereign pari passu clause

IFLR’s latest event revealed what bank and corporate counsel are worried about this year

A lawyer acting on the Interbolsa liquidation speaks exclusively to IFLR about its impact on investors and its legacy for financial regulation

The sponsor’s role in the petrochemical complex funding heralds a new role for private capital in the country

A Greek company has issued high-yield bonds without exposing investors to a Grexit or broader currency risks. Here’s how

More and more foreign companies are utilising UK schemes of arrangement. It begs the question, what are the limits of this restructuring tool?

New beneficial ownership and information disclosure rules affect eurobond and other financing structures in Russia

The first Indian equity offering to include a safety net provision since 2006, has called into question regulatory proposals on safety net norms. Here's why

Carlos Fradique Méndez Lucas Moreno In late December 2012 Colombian Congress passed Law 1607, which introduces significant changes to Colombian tax law, with some provisions particularly relevant to the structuring of inbound and outbound financial transactions. This article, very briefly and generally describes some of the most salient features of the tax reform, with the proviso that the specific details and implementing rules and regulations are to be taken into account in specific cases given the complexity of the subject matters. The tax reform generally reduces the withholding tax rate applicable to gross payments to foreign portfolio investors from 33% to 14%. The 14% rate is generally applicable, unless the foreign investor is located in a tax haven (as indicated in a blacklist to be published by the Colombian Government), in which case the applicable withholding rate would be 25%. While dividends are not typically subject to double taxation, the 14% reduced withholding rate would not apply (and a 25% withholding rate would be applicable instead) to dividend payments subject to taxes in Colombia at the shareholder level.