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Jaime de la Torre Viscasillas One of the main objectives of the recently approved legislation on the energy sector is to achieve tariff sufficiency, with the aim of solving some of the financial difficulties of electricity companies. Therefore, current and future tariff deficit must be financed and the mechanism approved under Royal Decree 6/2009 is the securitisation of collection rights in favour of a Spanish asset securitisation fund.

Dubai's real estate market has perhaps been under greater scrutiny in the aftermath of the credit crunch than during the boom years of the mid 2000's. After the price falls of late 2008 and 2009, some stability now appears to be returning to the market.

The Corporate Restructuring Promotion Act of Korea has been performing an important role in domestic corporate restructuring ever since it was enacted in 2001. But the Act has also been criticised as a violation of private autonomy and an excessive restraint on property rights. At one point, the issue of whether or not the Act violated the Korean Constitution was raised at the Constitutional Court of Korea. As the Act faces expiration on December 31 2010, there are various discussions on the institutional function and validity of the Act.

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.

Mafalda Monteiro The Payment Services Directive (PSD) was transposed into Portuguese law last November and was received with criticism by consumers associations and other civil society groups in Portugal. Their concerns were mainly related to the fact that the PSD expressly provides for the possibility of merchants to collect charges from consumers on purchases made through point-of-sale terminals. The issue became so important that it was raised in the Parliament by some opposition parties only a few days after the PSD was implemented into Portuguese law.

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:

Glen Rae, global head of capital markets at Bank of America in New York, on how to build a team out of a merger

The German government has dropped its plans to ban all equity trading that creates short positions, but curbs on naked short selling will remain

Following AIG’s rejection of Prudential’s revised bid for AIA, attention is turning to the termination fees that Prudential will pay if the deal fails

Structured notes issued by special purpose vehicles could be a thing of the past in Hong Kong, following new regulations issued by the regulator