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  • Daniel Futej Rudolf Sivak The target which Slovakia has to reach by 2020 is to produce 14% of energy from renewable resources (currently about 8.7%). The basic legal framework is governed by the Act on Promotion of Renewable Energy and High-Efficiency Cogeneration No 309/2009 Coll. (RES). This is a so-called feed-in tariff law providing for certain support scheme. As of May 1 2010, with respect to requirements for the building of facilities producing energy, an amendment came into effect which requires that a certificate about the compliance of the investment with the long-term energy policy is issued also for facilities producing electricity from solar sources with a capacity of 100KW and more.
  • Freddy Karyadi Oene Marseille On August 31 2010, the 2003 regulations were replaced when the Ministry of Finance issued the Regulation of the Minister of Finance of the Republic of Indonesia No: 153/PMK.010/2010 regarding Ownership of Shares and Capitalization of Securities Companies. This measure is in line with the General Principles of the International Organization of Securities Commission (Iosco) which provide that in relation to the developing potential risk borne by securities companies, increase of performance of securities companies needs to be conducted continuously with adherence to the prudence principles, such as the original structure of capitalisation and its maintenance.
  • Carlos Fradique Méndez Adriana C Ospina Jiménez The sustained and impressive growth rates of the Colombian economy (Colombian economy grew 4.5% last quarter), its sophisticated institutional and retail investors (especially family offices and pension funds) and reliable legal framework, have all contributed to boost the interest of global leading financial Institutions, asset managers and multi-product investment advisers in the promotion of its products and services to Colombian investors.
  • Chun-yih Cheng The Fair Trade Commission has promulgated guidelines for big enterprises in response to complaints made by the association of small- and medium-sized enterprises (SMEs) regarding belated payments to them by big enterprises. Big enterprises are those enterprises that are not SMEs (as defined in the SMEs Law) and have dominant position in the relevant markets.
  • From October 1 2010, banks, insurance companies, non-bank moneylenders and Financial Instruments Business Operators (including investment advisers and investment managers as well as securities companies; collectively, the FIBOs) under the Financial Instruments and Exchange Act (the FIEA) are required to undertake certain measures for the handling of complaints from and the resolving of disputes with their customers or clients.
  • Anthony Coleby Early 2009 saw the introduction in Kuwait of Law Decree No 2 of 2009 On Enhancing State Economic Stability, otherwise known as the Financial Stability Law. Its aim was to assist the country's banks and investment companies, many of whom had been badly affected by the global economic crisis that had begun with the collapse of Lehman Brothers in September 2008. This briefing covers assistance to investment companies; a future one will cover assistance to banks.
  • The recent US legislation has good intentions, but its exemptions and emphasis on disclosure and standards undermine its purpose
  • The European Supervisory Authorities could wield significant influence over national supervisors and individual firms
  • Peter Schwartz Last month's high yield in London are part of a wider trend in the city to hire capital markets specialists. This month it was Milbank Tweed Hadley & McCloy to step up its operations as it hired Peter Schwartz from US rival Weil Gotshal & Manges.
  • The improvements to the Directive will make it easier to sell cross-border securities from and into Germany