Search results for

Octavio Olivo Villa In April, the President of Mexico submitted to Congress an initiative to amend Mexico's Competition Law, Federal Criminal Code and other federal laws, to strengthen the powers of the Federal Competition Commission so as to make meaningful progress with antitrust enforcement in Mexico. The enforcement tools and powers of the Commission under the current Competition Law have proved insufficient to effectively safeguard economic competition and freedom of trade and prevent monopolies, monopolistic practices and other restrictions on the efficient market of goods and services in Mexico.

On April 1 2010, an amendment to Article 6 (the special provisions) of the Act on Special Measures Concerning Taxation of Japan (Law No. 26 of 1957) became effective. The special provisions removed the time period limitation on the exemption from income tax imposed on interest payable outside Japan to non-resident individuals or foreign corporations, in respect of bonds issued by Japanese corporations outside Japan (minkan kokugaisai, or Japanese Eurobonds). Accordingly, such interest will no longer be subject to Japanese taxation (the exemption) so long as certain statutory requirements for the exemption are met.

John J Rapisardi Binghao Zhao China's Enterprise Bankruptcy Law (EBL) is coping with business failures as the recession progresses. In the case of very large companies, the EBL has begun to have some impact and prevented complete chaos from taking hold. The EBL also makes China the first Asian country to adopt a US-style bankruptcy regime. Like Chapter 11, the EBL treats local and foreign creditors equally and creditors with security over the entity's assets enjoy a priority status in repayment to the extent of the secured collateral. Previously, the Enterprise Bankruptcy Law of the People's Republic of China (For trial implementation) – which was in existence prior to the enactment of the EBL – focused on liquidating assets and lumped all creditors together, putting them behind employees and most unsecured domestic claimants.

Jose Mondaca Manola Quiroz In recent times Chile has been a leader in Public Private Partnership (PPP) initiatives, with public work concessions amounting to roughly $8 billion and ranging from tollroads and airports to prisons and hospitals. Recently, the Chilean Concessions Law was subject to the following amendment:

The Competition Commission of India’s Kaushal Sharma explains how the regulator reworked its merger regulations

The SEC is more favourable to non-Gaap measures, but it would benefit from following European recommendations too

The possibility of governments disclaiming debts incurred by past regimes is more relevant than ever. The answer lies in salt bonds, revolution and war

India’s most innovative deals have finally been recognised, in the country’s first IFLR-dedicated ceremony

Should the Prospectus Directive be amended to ensure more disclosure from EU sovereigns selling bonds?

New rules for rating agencies in the US will add uncertainty to deals, increase costs for issuers and threaten the revival of the structured finance