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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.

The Costa Rican Ministry of Economy, Industry and Commerce (MEIC) enacted on March 30 2010 new rules to further regulate the credit and debit cards market, in an effort to bolster consumer protection. These new rules are seen by MEIC as necessary due to the continued evolution of the local market. They also respond to international regulatory trends, following, among others, the US and Australia.

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:

On April 15 2010, the Argentine Minister of the Economy, Mr. Amado Boudou, announced the main terms of the debt restructuring offer for the exchange of debt in default with the bondholders who did not tender their bonds in the 2005 debt exchange. Argentina launched an exchange offer in 2005 which was accepted by bondholders representing 76% of the outstanding debt. This new offer is aimed at the remaining 24% of creditors. The aggregate amount of debt to be restructured would be $18.3 billion.

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

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.

Diego Martín Menjívar Many believe otherwise, but it is not necessary to satisfy a multitude of individual legal acts to produce the full transfer of assets and liabilities of the merged companies to the resulting entity (or acquirer). The asset transfer works by law, using this universal title, and the different rights and obligations of the merged companies are transferred in one single and individual act: The new company or the merging one acquires the rights and all the obligations of the merged companies (Article 315 of the Commercial Code).

European proposals raise many questions, particularly whether the powers being given to the new authorities are legal

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