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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

Will compulsory acquisitions under the amended Korean Commercial Code work in practice?

The LMA’s revised intercreditor agreement has only gone so far in addressing mezzanine creditor concerns. Here’s how to negotiate around the shortfalls

Freddy Karyadi Oene Marseille The Indonesian Minister of Trade recently issued its Regulation Number 53/M-DAG/PER/8/2012 regarding the Implementation of Franchise. It replaced the Regulation of Minister of Trade Number 31/M-DAG/PER/8/2008 regarding the Implementation of Franchise. The main changes in the 2012 Regulation are as follows: