Search results for

Chinonyelum Uwazie The regulation of market abuse has for many years been the subject of discussions among financial market participants and scholars. It dominated discussions before the recent global financial crisis (see, for instance, Avgouleas, The Mechanics and Regulation of Market Abuse: A Legal and Economic Analysis Regulation, Oxford University Press, 2005), and the crisis has done nothing but heighten the discussions since then. Market abuse is generally perceived as a serious offence that damages investor confidence and the integrity of financial markets. This has caused scholars to argue that the rationale for controlling market abuse is the maintenance of investor confidence among others (RCH Alexander, Insider Dealing and Money Laundering in the EU, Ashgate, 2007). Rider, Alexander and Linklater note that integral to the efficient operation of any market is the maintenance of confidence in the integrity of its functions. (BAK Rider, C Abrams and TM Ashe, Financial Services Regulation CCH Editions 1997, cited in Alexander, Ashgate, 2007).

Project financiers have a new set of environmental and human right standards to build into their risk analysis frameworks

In Hewlett-Packard Co. v Commissioner (TC Memo. 2012-135), the Tax Court recharacterised preferred equity owned by Hewlett-Packard Co (better known as HP) in a Dutch corporation as indebtedness and denied HP foreign tax credits and a capital loss on the exit transaction.

Eduardo Guevara In 2007, Peru's first gas supply agreement for the development of a fertilizer plant was granted through a private bid. This was the first step in the development of the country's petrochemical industry. Simultaneously the Peruvian government granted certain benefits, including tax stability, based on the long-term investment required for the development of this kind of project. In the following years, new projects appeared for the development of ammonium nitrate plants, as well as an ethane project. Important amounts of investments were announced, and various authorities announced future plants in their regions.

On September 20 2012, the Government of India issued several press notes liberalising foreign direct investment norms in sectors such as aviation and multi-brand retail (MBR). The government thus allowed foreign investors to hold up to 51% of the share capital in Indian companies operating in the MBR sector, and allowed foreign airlines to hold 49% in companies operating scheduled and non-scheduled air transport services. Before this liberalisation, foreign direct investment was prohibited in MBR, and foreign airlines were prohibited from investing in air transport services (though foreign entities other than airlines could make investments in this sector).

What does the Liikanen review tell us about the banking model of the future?

Debate at last month’s Indonesia forum revolved around renewables, the next wave of project financiers, and the need for IPO reforms

Shariah finance is set to arrive in Morocco. Here’s what the industry needs to know

Cash shells are an increasingly popular way to raise funds. But they have divided market opinion

The extension of grandfathering periods under the US Fatca, will help overcome a deadlock that has plagued loan negotiations between foreign financial institutions