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Entering the Philippine Market: Comparing Models

By Dezan Shira & Associates, Posted: 14th September 2017 08:36
Under the Foreign Investment Act, 1991, which was amended in 2015, a vast majority of industries in the Philippines are completely open to overseas investment, allowing 100 percent foreign ownership in most cases. The country managed to attract over US$ 7 billion of FDI in 2016, 25 percent more than the previous year. The UNCTAD World Investment Prospects survey positions the Philippines as the 11 ... Read more...

Electronic Contracts in China Can Improve Efficiency with Strong Controls

By Dezan Shira & Associates, Posted: 4th September 2017 08:15
The concept of a paperless office is trending in Chinese workplaces. For companies that want to cut costs, and make operations more efficient, electronic contracts seem to be an attractive alternative for traditional paper contracts that can be difficult to organize and store.   However, contract disputes over the validity of electronic contracts have become more ... Read more...

Sky’s the Limit – the Spaceflight Scheme and Bill

By Claire Pidancet, Posted: 1st September 2017 09:07
On 26 April 1962, the United Kingdom made history by becoming only the third country in the world to successfully launch and operate a satellite, Ariel 1, in conjunction with NASA. In doing this, the United Kingdom placed itself at the front of the “space race” with the ability to stand alongside and compete with the two superpowers of the day.   ... Read more...

Laying Foundations for Growth: The Future of Vietnamese Infrastructure

By Dezan Shira & Associates, Posted: 31st August 2017 08:13
With the signing of several free trade agreements, Vietnam is expected to see significant uptakes in trade with nations around the globe. In addition to presenting opportunities for investors and promising to increase wealth for Vietnam’s growing middle class, the ramping up of global interconnections is likely to increase strain on national infrastructure. Although presenting a salient ... Read more...

Canadian Investments into India Grow – Appeal of Expanding Economy, Stability, and Reforms

By India Briefing, Posted: 23rd August 2017 08:53
Canadian foreign direct investment (FDI) into India reached an estimated US$14 billion in 2016. Much of this inflow came from large asset management companies and pension funds, which see India as an ideal destination for stable, long term inves ... Read more...

Tourism Industry in the Philippines: Part II

By ASEAN Briefing, Posted: 15th August 2017 08:31
In the second part of this article, I will discuss the various sectors of the Philippine tourism industry. The first part of the article, covering the opportunities and incentives for foreign investors in the tourism industry, can be read here. ... Read more...

Indian Investment in Vietnam – How to Structure Operations for Success

By India Briefing, Posted: 8th August 2017 08:34
India and Vietnam relations have been marked by growing economic, commercial, and strategic engagement in the last few years. India ranks amongst the top ten trading partners of Vietnam. By 2020, both countries aim to achieve trade worth US$15 billion. Major areas of focus include hydrocarbons, power generation, renewable energy, infrastructure, tourism, textiles, footwear, medical and pharmaceuti ... Read more...

New RBI Guidelines on Issuance of Masala Bonds

27th July 2017 08:03
In June, the Reserve Bank of India (RBI) notified significant policy changes regarding the issuance of ‘masala bonds’, bringing them in alignment with the other elements of the External Commercial Borrowings (ECBs) framework. ... Read more...

Outsourcing Options for FDI into China

By China Briefing , Posted: 25th July 2017 08:41
Gone are the days of China foreign direct investors simply choosing between an RO, WFOE, or JV. Now they are presented with a range of options and acronyms that even the most determined investor may become bewildered: PEO, EOR, VIE, HRO, ASO, BPO, etc., not to mention the traditional Dispatch and Secondment.   These alternatives have developed with the growth of ... Read more...

Haitian Legal Landscape for Foreign Investments

By Attorney Ludwig LEBLANC , Posted: 20th July 2017 08:52
I- Key Sectors   Haiti offers a lot of investment opportunities across many sectors. Through its unique geographical location, legal framework, bilateral and international agreements, Haiti is considered to be a bridge between North America, South and Central America, the Caribbean and Europe.   Des ... Read more...

M&A Trends and Enhanced Employee Protection

By Seiya Kai & Shigeki Tatsuno, Posted: 23rd June 2017 08:34
M&A activity in Japan has been experiencing an upward trajectory in recent years. This, in turn, has turned the spotlight on the rights of employees’ in Japanese companies undergoing corporate restructuring. This article discusses the latest M&A trends in Japan and the recent enhancement of related employees’ rights under Japanese law. ... Read more...

Vietnam’s Aquaculture Exports to Reach US$13 billion by 2020

By Vietnam Briefing, Posted: 24th May 2017 08:45
According to the Vietnam Sea Culture Association, exports of marine aquaculture produce are predicted to reach US$12-13 billion (VND 276-299 trillion) by 2020 and US$30-35 billion (VND 690-805 trillion) by 2030. To achieve their goals, the Ministry of Agriculture and Rural Development (MARD) has approved a project to increase competitiveness in seafood sector with financial support from the State ... Read more...

Da Nang Emerging as Southeast Asia’s Next Startup Hub

By Vietnam Briefing, Posted: 19th May 2017 08:35
According to a new JLL report, Da Nang is one of the fastest emerging startup cities in Southeast Asia. Other cities in the region include Penang in Malaysia, Chiang Mai in Thailand, and Bali and Bandung in Indonesia. Driven by low cost, a robust engineering talent pool, and government support, the port city is known for attracting established players in the tech field but increasingly is ... Read more...

Labuan: Offshore Opportunities in Malaysia

By ASEAN Briefing, Posted: 12th May 2017 08:17
Labuan is an offshore, Malaysian island, which has the benefit of low tax regimes while still retaining the protection of Malaysia’s laws and regulations. This means Labuan entities benefit from nearly all the Double Taxation Agreements (DTAs) Malaysia has signed with over 70 countries while profiting from tax exemptions under the Labuan International Banking and Financial Center (IBFC). ... Read more...

ASEAN Market Watch: Indonesia Automotive Market, Malaysia-India Trade, and ASEAN Manufacturing Sector

By ASEAN Briefing, Posted: 7th April 2017 08:07
Indonesia: Largest car market in ASEAN   In 2016, 3.16 million cars were sold in the ASEAN region, according to the latest data from ASEAN Automotive Federation. Around 1.06 million cars, 33 percent of the total car sales, were sold in Indonesia. Thailand follows at second place with 768,788 cars. However, Thailand leads in terms of c ... Read more...

Singapore’s FDI Outlook for 2017: Recent Trends and Key Industries

By ASEAN Briefing, Posted: 29th March 2017 08:30
Singapore offers investors an attractive and stable macroeconomic environment. Rapid industrialization, coupled with pro-FDI policies, has transformed the city-state into a highly attractive location for foreign capital. According to 2016 UN World Investment Report, Singap ... Read more...

Strong Growth Prospects for Luxury Market Investors in India

By India Briefing, Posted: 21st March 2017 08:18
India is embracing luxury at its best. This increasing sense of ‘brand-consciousness’ among Indians is principally attributed to the country’s burgeoning aspirational and younger middle class. At the same time, increased internet penetration has also contributed to this consumer behavior, allowing consumers to search and satisfy their desire to own and po ... Read more...

TPP is Dead, What’s Next for Vietnam?

By Vietnam Briefing, Posted: 9th March 2017 08:37
Following the withdrawal of the United States from the Tran-Pacific Partnership (TPP), the spotlight has shifted quickly to the future of foreign investment in members such as Vietnam – the party once projected to be the agreement’s greatest beneficiary. While TPP’s failure has and will continue to put a damper on investment and trade between Vietnam and members of th ... Read more...

Challenges and Opportunities for Businesses and Investors in the U.S. Lower Middle-Market

By Brett Hickey, Posted: 3rd March 2017 09:07
There are challenges and opportunities for investors and business owners in the U.S. lower middle-market. This is largely driven by the supply-demand imbalance from (i) over 175,000 businesses that have between $10 million and $150 million in annual revenues and (ii) a limited amount of capital focused on this marketplace. This supply-demand imbalance is mainly driven from the labour inefficiencie ... Read more...

The BEPS Action Plan in China and Hong Kong: Impact Assessment for Foreign Enterprises

By China Briefing, Posted: 23rd February 2017 08:29
In October 2016, Hong Kong’s government issued a consultation paper for implementing measures to counter base erosion and profit shifting (BEPS) in the region. BEPS refers to tax planning strategies that exploit discrepancies in tax laws in order to shift profits to jurisdictions where there are lower tax rates, often tax havens. While some methods are illegal, ... Read more...

Investing in Hanoi’s Hoa Lac H-tech Park

By Vietnam Briefing, Posted: 15th February 2017 08:09
Established in 1998, Hanoi’s Hoa Lac High-tech Park (HHTP) was Vietnam’s first high-tech park and is currently the country’s largest. While Vietnam has over 190 industrial parks and plans to increase this number to 500 by 2020, HHTP is one of only three national-level high-tech parks, alongside Saigon High-tech Park and Danang High-tech Park. The HHTP was ... Read more...

Investing in the Philippines: What to Expect in 2017

By ASEAN Briefing , Posted: 8th February 2017 09:00
The Philippines garnered substantial international attention in 2016, owing largely to President Rodrigo Duterte’s unexpected rise to power, his litany of controversial remarks, and contentious war on drugs campaign. Lost in the Philippines’ political drama, however, was the country’s strong economic performance. The Philippines posted a robust 6.8 percent GDP growth ... Read more...

Protecting investments – the growing role of third-party funding in investor State arbitration

By Giorgio Francesco Mandelli & Robert Kovacs (Volterra Fietta, London), Posted: 30th January 2017 08:28
When evaluating foreign investment opportunities, a range of critical factors have traditionally come into play. Those factors include, but are not limited to, the initial capital outlay necessary for the investment, the regulatory environment (including the applicable fiscal regime) into which the investment would be made, the perceived risks (political and/or expropriatory) of investing in a par ... Read more...

Motoring Ahead: Investing in India’s Automotive Industry

By India Briefing , Posted: 19th January 2017 08:25
India is a global leader in the automotive sector, backed by its domestic production capacity, market size, and exports. On average, the country’s automobile sector boasts of an annual production of around 24 million vehicles; the sector also employs over 29 million people (directly and indirectly). Breaking down its global position by industry segment, India is the world’s lar ... Read more...

China’s Wastewater Treatment Industry: Opportunities for Foreign Investors

6th January 2017 08:40
In recent years, China has increased its focus and efforts towards combating the high levels of environmental pollution in the country, the result of its accelerated economic growth. In 2012, China declared war on pollution, and put aside RMB 3.7 trillion for the battle, with over half of the funds reserved for water pollution. The 13th Five Year Plan targets this issue, and in 2015, t ... Read more...

Revolutionary Change in Administration of Foreign Investment in China

By Jiang Jiang Esq., Posted: 19th December 2016 08:26
China’s legal regime on foreign investment went through revolutionary changes recently. In September 2016, the Standing Committee of the National People’s Congress, China’s permanent legislature, promulgated amendments to four laws governing foreign investment, namely, the Law of the People's Republic of China on Wholly Foreign-owned Enterprises, the Law of th ... Read more...

The Benefits of Cluster Manufacturing – China’s Advantage

By China Briefing, Posted: 16th December 2016 14:22
As wages continue to rise in an increasingly service oriented economy, China looks to manufacturing clusters to bolster the nation’s labor-intensive industries.  Offering clear lines of communication and reduced transportation costs, cluster manufacturing provides economic stability by bringing together an array of businesses from across the supply chain. ... Read more...

Emerging Technology – A Look Back at 2016

By Imogen Rowley , Posted: 21st November 2016 08:22
Oculus Rift. Facebook live streaming. Throngs of people so transfixed by Pokemon Go they fail to notice Justin Bieber lurking in their midst. Reusable space rockets. FitBits and BrainBits and FitBarks. Food scanners that tell you how many calories are sitting in that custard slice. Smart fridges. Smart lawn sprinklers. Smart office chairs. 2016 has seen all manner of weird and wonderful tech, from ... Read more...

Analyzing Myanmar’s New Foreign Investment Law

By Asean Briefing, Posted: 14th November 2016 08:13
The Myanmar Investment Commission (MIC) recently announced that the country’s new Investment Law will come into force for the financial year starting April 2017. The Investment Law, which passed the lower house of Myanmar’s legislature on September 28th and the upper house on October 5th, was signed by President Htin Kyaw on October 18th and represents further liberalization of ... Read more...

China-Philippine Relations: Implications for Foreign Investment

By China Briefing, Posted: 27th October 2016 08:16
As Philippine president Rodrigo Duterte wraps up his controversial state visit to China, his string of inflammatory comments has continued and intensified, drawing concerns from foreign investors throughout emerging Asia. Known for his crude insults directed at world leaders and comparing himself to Adolf Hitler in his drive to eliminate drug dealers and users from the country, Duterte is now rais ... Read more...

Evaluating the Changes Made to China’s FIE Establishment Procedures

By China Briefing, Posted: 25th October 2016 08:17
Critical amendments to the establishment of foreign invested enterprises (FIEs) in China came into effect on October 1, 2016, essentially replacing the previous administrative approval process with a simplified filing system that reduces processing times from around 12 working days to 3. Mostly conducted online, the scheme was originally piloted in China’s free trade zones and will now b ... Read more...

Industry Spotlight: India’s Dynamic Solar Energy Sector

20th October 2016 08:28
All around the world, a decisive shift has emerged in favor of the adoption of renewable energy sources. Reflecting this, is the international consensus that fell behind the Paris Agreement in record time. As of October 5, 79 countries have ratified the Convention to the historic climate accord, including India, which signed it on October 2. Having surpassed the required ratification threshold, th ... Read more...

Understanding Vietnamese Land Rights

By Vietnam Briefing, Posted: 27th September 2016 08:55
Once a foreign investor has decided on Vietnam as a location to establish operations, the next big step is identifying where and how to obtain land for the business. In Vietnam, private ownership of land is technically not permitted, but the law allows ownership of a right to use land—called the Land Use Right (LUR). While this may seem like an inconvenient system, other countries such a ... Read more...

China Implements New Unified Work Permit Pilot Scheme

By China Briefing, Posted: 22nd September 2016 08:35
On September 9, 2016, the State Administration of Foreign Experts Affairs’ (SAFEA) made an announcement that the existing Foreign Expert Permit and Alien Employment License will be merged into a single permit. The new permit will introduce a tiered classification system for foreign workers as well as a streamlined online application and tracking system in order to attract m ... Read more...

City Spotlight: Investing in India’s Jaipur

By India Briefing, Posted: 20th September 2016 08:14
Jaipur is the capital and largest city of the North Indian state of Rajasthan. Known as the ‘Pink City’, Jaipur completes the ‘Golden Triangle’ tourist circuit along with India’s capital New Delhi (100 square miles) and Agra in Uttar Pradesh state (90 square miles). The administrative district of Jaipur has a total geogra ... Read more...

City Spotlight: Investing in Hangzhou

By China Briefing, Posted: 13th September 2016 08:14
Traditionally overshadowed by metropolises such as Shanghai and Beijing in China’s international events, Zhejiang Province’s capital city of Hangzhou is finding itself in the global spotlight as it prepares to host the upcoming G20 Summit. Hangzhou has made considerable press recently for the Chinese government’s intense efforts to beautify the city and ease congestio ... Read more...

Vietnam Updates Fines for Investment Violations

By Vietnam Briefing, Posted: 8th September 2016 08:12
Vietnam’s recent change in leadership with Prime Minister Nguyen Xuan Phuc taking office has opened the gateway for legislative change. Signed on June 1, 2016 and effective starting July 15, 2016, Decree 50 is one adjustment that investors should be sure to understand. Detailing penalties for administrative violations in a variety of business and investment related situations, the decree ... Read more...

City Spotlight: Investing in India’s Lucknow

By India Briefing, Posted: 1st September 2016 07:59
Lucknow is the largest city and capital of India’s most populous state, Uttar Pradesh (UP). Nicknamed the ‘City of Nawabs’ for when it was the seat of power of the Nawab of Awadh in the 18th and 19th centuries, Lucknow today is an important Tier-II city in India. Situated 500 km southeast of New Delhi, it is an established administrative center of UP. New projects suc ... Read more...

Recent FCPA Cases Apply Principles Contained in DOJ’s Pilot Program

By Ellen Zimiles, Jay Perlman & Joseph Campbell, Posted: 12th August 2016 08:16
In recent years the Foreign Corrupt Practices Act (“FCPA”) has garnered significant attention from multinational companies, government prosecutors and investigative agencies, defense attorneys, compliance personnel, accountants, and others. In the United States, the U.S. Department of Justice (“DOJ”) and the Securities & Exchange Commission (&ldq ... Read more...

Highlights of Vietnam’s New Decree for Investment Violations

By Dezan Shira & Associates, Posted: 9th August 2016 08:04
The recent ascension to office of Nguyen Xuan Phuc, Vietnam’s new Prime Minister, has opened the gateway to several legislative changes. One such change is Decree 50, signed on June 1, 2016 and effective starting July 15, 2016, which details updated penalties for administrative violations in planning and investment for businesses and investors. The decree covers the adm ... Read more...

South China Sea Arbitration Implications on ASEAN Investors: an Overview

By ASEAN Briefing, Posted: 3rd August 2016 08:12
In a landmark case, the Hague’s Permanent Court of Arbitration delivered a unanimous decision earlier this month supporting the Philippines in its territorial dispute with China over part of the South China Sea. The case brought by the Philippines was the first time the Chinese government had been brought before an international court. &am ... Read more...

China Introduces Wide-Sweeping New Transfer Pricing Rules

By Dezan Shira & Associates, Posted: 29th July 2016 08:25
On June 29, China’s State Administration of Taxation (SAT) issued the “Announcement on the Administration of Related-party Transactions and Contemporaneous Documentation (SAT Announcement [2016] No. 42)”, which introduces a three-tiered documentation framework that will replace its current transfer pricing documentation rules. ... Read more...

Brexit Implications for ASEAN Based Investors

By ASEAN Briefing , Posted: 30th June 2016 08:24
In a victory that stunned analysts around the world, the UK has voted to exit the European Union (EU) by a margin of 52 to 48 percent. In addition to producing significant implications for investors across Europe, the interconnected nature ... Read more...

Setting Sail in the Sea of Java: An Introduction to Indonesian Aquaculture

9th June 2016 08:33
As the world’s largest archipelago, Indonesia is among the most important producers of aquaculture globally. In 2001, Indonesia ranked fourth in aquaculture output and has since increased its fishery exports to US $4 billion in 2015. Though Indonesia’s aquaculture industry has begun to make strides, it is still far from realizing its full potential.   ... Read more...

Key issues to consider for investors looking into Turkey

By Ayhan Üstün, Posted: 8th June 2016 09:50
As an important emerging market, Turkey has been perceived as a relatively volatile but promising investment environment. The investors that have previous experience in Turkey are, to a certain extent, used to the local political and economic challenges which may also represent certain opportunities. However, Turkey has recently passed through a more stressed period in 2015 due to recurring electi ... Read more...

The State of ASEAN Aviation in 2016

By Dezan Shira & Associates, Posted: 12th May 2016 08:06
As ASEAN pursues greater regional integration and the development of a single economic bloc, advancements in the region’s aviation industry are essential to boost economic connectivity and tourism. In addition to promoting free movement of labor, liberalization will open the industry to unfettered competition between airlines and allow for regional expansion of national carriers. Half th ... Read more...

How to Establish a Startup in India

By Dezan Shira & Associates, Posted: 10th May 2016 09:25
A host of incentives have been unveiled by the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) government that seek to promote the growth of startups in India. Economic goals are at the core of the government’s reforms, which include ease of doing business, job creation, promotion of skill development, and entrepreneurship. Towards this a national policy fram ... Read more...

Exclusive Q&A on Foreign Investment

By Ronald A. Oleynik & Antonia Tzinova , Posted: 5th May 2016 09:55
What are the main advantages of investing in your jurisdiction?   The United States is one of the most open investment environments in the world.  No single industry sector is closed to foreign investment, however, there are restrictions on transactions that impact “national security.”  Various U. ... Read more...

Exclusive Q&A on Foreign Investment with Mohamed Idwan

28th April 2016 09:01
What are the main advantages of investing in your jurisdiction?   Consumer-oriented sectors appear to be the most attractive investment opportunities at present. This is due to the rapidly growing middle class, and an overall gradual shift in the Indonesian economy from being an exporter of natural resources to an economy that is incr ... Read more...

Exclusive Q&A on Mining with Darrell Podowski

21st April 2016 09:12
Have there been any recent regulatory changes or interesting developments? In June 2015, the Federal Government of Canada implemented the Extractive Sector Transparency Measures Act(the “Act”). The Act requires entities in the extractive sectors to disclose payments made to government entities through a number of new repor ... Read more...

Emerging Opportunities in Vietnamese Healthcare

By Dezan Shira & Associates, Posted: 7th April 2016 10:32
With a rising consumer class threatening to overwhelm health services throughout the country, investment in Vietnamese healthcare presents exciting opportunities in a sector previously closed to foreign investment. For those considering investments of this nature, a clear understanding of where advantages lie and how to tap into them remains a integral component of establishing s ... Read more...

The ASEAN Trade in Goods Agreement (ATIGA): Local Content Requirements

By Dezan Shira & Associates, Posted: 17th March 2016 10:12
In light of significant reductions in tariffs between ASEAN members and the steady harmonization of regulation through the ASEAN Economic Community, regionally oriented value chains have risen significantly in terms of profitability. For those considering investments of this nature, it’s important to understand not only the tariff reduction schedules that have been negotiated, but more i ... Read more...

How Foreign Investors Can set up a Company in the United States

By Garrett Sutton, Posted: 16th March 2016 10:58
Sutton Law Center and its affiliate Corporate Direct work with foreign individuals, trusts and companies that want to invest in the United States. The U.S. is a big market with many opportunities. Our doors are open for foreign investors.   In most cases, the entity you use to protect your U.S. assets will be determined by your home country’s tax system ... Read more...

Public Private Partnerships in Vietnam – Part 1: Industry and Contract Structures

By Dezan Shira & Associates, Posted: 15th March 2016 09:42
With annual growth projected to surpass 6 percent in 2016 and maintain an average over 4 percent until 2050, opportunities have never been greater for investment in Vietnam’s aging and often inadequate infrastructure. In the following article, we examine importance Public Private Partnerships (PPPs) as a means of investment, and take a look at sector specific opportunities as we ... Read more...

Make In India: An Opportunity for Foreign Investors

By Dezan Shira & Associates, Posted: 9th March 2016 10:36
February 13-18 marked India’s inaugural ‘Make In India’ week held in Mumbai. Following Prime Minister Modi’s launch of the Make In India campaign in September 2014, the Indian government has consistently pursued its vision to invigorate the country’s manufacturing sector, which accounted for only 17 percent of India’s gross domestic produ ... Read more...

Understanding Franchising as a Model for Foreign Investment into India

By Dezan Shira & Associates, Posted: 2nd March 2016 10:16
On February 5, 2016, Domino’s Pizza opened its 1000th store in India, making India the only country outside of the U.S. with 1,000 Domino’s stores.  Dunkin’ Donuts opened with one store in India in April 2012; the company now has 67 Dunkin’ Donuts restaurants in the country.  Last year, Anytime Fitness Gym unveiled plans to open 50 more out ... Read more...

In Depth: The Singapore – Thai DTA

By Dezan Shira & Associates, Posted: 29th February 2016 10:11
Singapore, long known for its exemplary investment climate and lucrative trading arrangements, continues to improve upon its competitiveness with the implementation of an updated Double Taxation Agreement (DTA) with Thailand. Minimizing investors exposure to taxation in multiple jurisdictions, this DTA, along with Singapore’s many others,  is a critical components in attracting ... Read more...

Who Loves the Sun? Investing in China’s Solar Energy Market

By Dezan Shira & Associates, Posted: 24th February 2016 09:53
With 14 of the world’s 55 gigawatt solar panels installed in the country, China became the largest solar panel market in 2015. This rapid expansion of investment into solar energy can be attributed to the generous incentive programs that the country offers, as well as the government’s five-year plan to hit 100 gigawatt installations by 2020. Other studies, such as one ... Read more...

Exclusive Q&A on Outsourcing with Dominique Kindt

23rd February 2016 10:50
How are outsourcing transactions regulated in your jurisdiction?   There are no specific outsourcing regulations in Belgium except for industry specific rules and regulations (e.g. in financial services, pharmaceuticals) where “being in control of outsourcing” is required.  & ... Read more...

Exclusive Q&A on Infrastructure with Teresa Empis Falcao

16th February 2016 08:37
What markets are currently providing the best opportunities? The European market is providing good opportunities for infrastructure investment, not only because of its long history of private investment in infrastructure, but also as a result of a stable and supportive regulatory and political setting with the governments in man ... Read more...

Unlisted Infrastructure: Appetite and Prices on the Rise

By Andrew Moylan, Posted: 11th February 2016 08:29
Over recent years, the alternative assets industry has grown in both size and prominence, with many investors making increased allocations to private capital and hedge funds.  While the unlisted infrastructure fund market is relatively small in comparison to more established alternative asset classes, such as private equity and real estate, the market is growing.  Assets under ma ... Read more...

Labor Case Study: Terminating a Manager in China

By Dezan Shira & Associates, Posted: 9th February 2016 10:41
When it comes to hiring and firing in China, foreign managers and investors should not hold preconceived ideas about the strictness of China’s laws. Highly publicized cases of worker exploitation might give the impression that China unambiguously favors employers, but this is not so. In fact, China’s laws for firing employees are considerably more rigid than those in the U.S.&l ... Read more...

Spain-Vietnam Trade Relations And Further Opportunities For Growth

By Dezan Shira & Associates, Posted: 5th February 2016 09:53
Vietnam, the fastest growing economy in ASEAN, will be on the radar of more investors in 2016. The country has a large low-cost labor force and fast growing economy that have made it an attractive alternative to more expensive manufacturing markets such as China. In 2015, Vietnam agreed to the TPP, became integrated within the ASEAN Economic Community, and signed a number of important FTAs. 2016 w ... Read more...

Mauritius: Best of Breed Fund Jurisdiction

By Rizwana Ameer Meea, Posted: 4th February 2016 09:46
The primary focus of fund managers is to efficiently deploy investment monies.  It is thus crucial that a fund vehicle is domiciled in a jurisdiction that allows pooling of capital effectively and safely and the timely distribution to investors.  Choosing the right financial center to domicile for your fund is always important but sometimes tricky.  Given a choice, fund ... Read more...

The Guide To Corporate Establishment In Singapore

By Dezan Shira & Associates, Posted: 26th January 2016 09:54
Renowned for its highly skilled workforce and competitive business environment, Singapore is a valuable entry point to ASEAN, and filled with investment opportunities for firms seeking to establish themselves within Southeast Asia.   One key advantage of establishment within the citi ... Read more...

Doing Business in India: Outlook for 2016

By ASEAN Briefing, Posted: 22nd January 2016 09:52
As 2015 came to a close, the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government was eager to emphasize its successes over the last 18 months. Speaking at the ASEAN Business and Investment Summit in late November, Prime Minister Narendra Modi said his government has brought down inflation while increasing GDP growth and foreign investment.  He stressed that whil ... Read more...

Easy Riding – Investment Opportunities in Vietnam’s Motorcycle Industry

By Dezan Shira & Associates, Posted: 19th January 2016 09:55
Vietnam is a country where motorcycles are both massively built and sold. Vietnam is not only a huge market where manufacturers can carve out their share – in fact, some recent trends are prompting foreign investors to use Vietnam as an export base throughout the whole Asian region. Knowing the characteristics of the Vietnamese market of motorcycles, on the one hand, and the latest data ... Read more...

Doing Business in India: Outlook for 2016

By Asia Briefing, Posted: 13th January 2016 09:40
As 2015 came to a close, the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government was eager to emphasize its successes over the last 18 months. Speaking at the ASEAN Business and Investment Summit in late November, Prime Minister Narendra Modi said his government has brought down inflation while increasing GDP growth and foreign investment.  He stressed that whil ... Read more...

An Update on the EU-Vietnam Free Trade Agreement Discussions

By Dezan Shira & Associates, Posted: 6th January 2016 09:48
After engaging in talks for 2.5 years, the European Union and Government of Vietnam agreed to the text of the most comprehensive FTA ever to be concluded with a developing country earlier this year. The agreement presents not only opportunities for investors and businesses alike, but on a political level it also establishes a new era in trade relations, which will bind the two partners closer toge ... Read more...

Myanmar Opens New Stock Exchange – Beginning Of New Economic Era?

By Dezan Shira & Associates, Posted: 4th January 2016 09:07
On December 9, 2015, Myanmar’s new stock exchange – the Yangon Stock Exchange (YSX) – opened with big expectations. However, despite the grand opening and the US $24 million investment, the bourse will not be operational until February of 2016, or later. So is this really the beginning of a new economic era, or is the new move by the administration being rushed before ... Read more...

Fighting product piracy at trade fairs

By Dr Magnus Hirsch & Christoph Mayerhöffer, Posted: 11th December 2015 10:00
Trade fairs are irreplaceable for business.  It’s the place to maintain long-standing business relationships, make promising contacts and collect new ideas and inspiration.  But not all discoveries are pleasant as not all competitors rely on fair competition. And the corrupt gain as is well known through counterfeiting.  In particular if an unscrupulous competi ... Read more...

Getting into Asia – the India Option

By Asia Briefing , Posted: 3rd December 2015 12:38
Many businesses in China are currently examining their other options in Asia. China’s GDP growth is probably at about the three percent mark nationally, with some provinces almost certainly experiencing lower and even negative growth. But growth dynamics in Asia are still very much a regional, rather than national, issue. Evaluating growth and where your best options lie is a skill that ... Read more...

China’s Annual Audit and Compliance Requirements

By Dezan Shira & Associates, Posted: 30th November 2015 09:00
According to PRC Company Law and other relevant regulations, all Foreign Invested Enterprises (FIEs) in China, including Wholly Foreign Owned Enterprises (WFOEs), Joint Ventures (JVs), Foreign Invested Commercial Companies (FICEs), and Representative Offices (ROs), are required to comply with the statutory annual audit and other compliance processes. ... Read more...

Indonesia’s New SEZ Tax Incentives Explained

By ASEAN Briefing, Posted: 23rd November 2015 09:54
On November 5th, Indonesia unveiled its sixth economic stimulus package since September, the most recent incentive aimed at revitalizing its under-performing economy. The new stimulus package aims to attract foreign direct investment to the special economic zones (SEZs) around the country. Special economic zones are defined as areas where natural resources, mined in or around the zone, are process ... Read more...

Close Ties: FDI Flows from Italy into Vietnam Reveal Key Economic Relationship

By Erasmo Indolino, Posted: 13th November 2015 10:46
Italian investors are showing an increasing interest in Vietnam. The number of investments in the Southeast-Asian country are increasing year by year, as well as the size of overall trade between the two economic partners. According to the latest data provided by the Vietnamese-language website of the Foreign Investment Agency belonging to the Ministry of Planning, at the end of last September Ita ... Read more...

Making Sure Your Commercial Contracts Protect Your Business

By Rhian Osborne , Posted: 11th November 2015 10:22
Commercial contracts are key to making sure your products and best interests of your business are protected.  Terms and Conditions of Sale (T&C’s) and Master Service Agreements (MSA’s) are the most commonly used commercial contracts in the pharmaceutical and biomedical supply chains.   Knowledge of the content of these documen ... Read more...

Investment Opportunities in Portugal

By Pedro Simões, Posted: 3rd November 2015 08:45
In 2011 and 2012 the economic climate proved challenging in Portugal with a large number of businesses closing down.  Since 2013 the situation has improved, however companies continued to close. It is only now, in 2015, that we have witnessed more companies opening than closing. The cost of services and the real estate market has suffered, and is still suffering ... Read more...

Terminating an Employee in Vietnam

By Steven Elsinga, Asia Briefing, Posted: 29th October 2015 12:51
Being a socialist country, it may come as little surprise to foreign investors that Vietnam’s labor laws are employee-friendly. This is reflected in the degree of protection employees have from termination. In this article, we will explain when an employee may be terminated, which procedures need to be followed, and discuss severance payment.   ... Read more...

Exclusvie Q&A On Bankruptcy & Restructuring With Colin Blessley

28th October 2015 10:19
Which industries offer the best restructuring opportunities for investors and advisors? The UK economy over recent months has shown that it is one of the best-performing in the G7 coming out of the recession. However, this encouraging performance masks some underlying issues that need to be remedied for long-term economic sustainability. ... Read more...

Indonesia to Implement Policy Package to Strengthen Lackluster Economy

By ASEAN Briefing , Posted: 21st October 2015 08:46
As Indonesia continues to struggle with an economy that refuses to strengthen adequately, President Joko Widodo has launched a policy package intended to jumpstart economic growth in the country.   The Indonesian economy has been faltering for some time now, with the country’s currency (the rupiah) falling to its lowest level since the 1997-98 Asian Fin ... Read more...

MACEDONIA – Regulation tailored for Investors

By Filip Chichevaliev & Ilija Ilijovski, Posted: 20th October 2015 09:13
During the past 10 years, Macedonia has focused entirely towards the needs of the Investors.  This focus has inspired major changes in its legislation in order to achieve a more “Investor friendly” status.  Currently Macedonia has the best climate for Investment on the Balkan and probably in Europe.   This achievement began w ... Read more...

Invest in Morocco

By Zineb Idrissia Hamzi, Posted: 14th October 2015 08:17
The process of modernisation of the legal framework for investment in Morocco has been accelerated over the last 20 years and is increasingly adhering to international requirements and standards.   The legislator has adopted a new Commercial Code, to secure business transactions and to reassure local or foreign investors, local or foreign, and conducted the compl ... Read more...

Challenges and Hopes for FDIs in Ukraine

By Ihor Olekhov, Posted: 12th October 2015 08:13
Ukraine's economy is very much dependent on foreign investment and international trade.  However, the volumes of foreign investment and international trade of Ukraine have declined significantly over the last several years primarily because of either poor regulation in Ukraine or an inability of the Ukrainian Government to protect the interests of Ukrainian exporters in foreign ma ... Read more...

Exchange Control Restrictions On Non-Residents Establishing A Business In Sri Lanka

By Kandiah Neelakandan, Posted: 8th October 2015 08:36
Non-Residents cannot invest in a company in Sri Lanka, carrying on any one or more of the following businesses: Money lending Pawn Broking Retail Trade with a capital investment of less than US$ 1 million Coastal fishing In certain other ar ... Read more...

Foreign Investment and International Trade

By Ihor Olekhov, Posted: 24th September 2015 11:21
Ukraine's economy is very much dependent on foreign investment and international trade.  However, the volumes of foreign investment and international trade of Ukraine have declined significantly over the last several years primarily because of either poor regulation in Ukraine or an inability of the Ukrainian Government to protect the interests of Ukrainian exports in foreign mark ... Read more...

Eurasian Economic Union (EAEU) plans FTA expansion within ASEAN

By Maxfield Brown, Posted: 22nd September 2015 08:56
The Eurasian Economic Union is actively working to improve its trade relationships with ASEAN members ahead of the ASEAN Economic Community’s completion this December.   Speaking on the sidelines of the 47th ASEAN Economic Ministers meeting, Russian Economic Development minister Alexei Ulyukayev revealed EAEU plans to “accelerate the (FTAs) pr ... Read more...

Programming a Cybersecurity Policy for the Investment Adviser

By Matthew Cohen & Gregg S. Buksbaum, Posted: 15th September 2015 10:47
A speaker at a recent broker-dealer compliance seminar quipped that there are two types of people in the world: those who have been victims of cybercrime and those who don’t know yet that they are victims of cybercrime.  Last year ended with the high-profile hacking of Sony Pictures surrounding the release of its film “The Interview, but the hack of Sony Pictu ... Read more...

Foreign Investment Bound: China’s Railways on Track for Growth

By Elizabeth Leclaire, Dezan Shira & Associates, Posted: 2nd September 2015 09:41
Spanning a total length of over 12 thousand kilometers, China’s high-speed railway network is the longest in the world, dwarfing the world’s second longest network of high speed trains, located in Spain, by almost four fold. In 2013, traffic on Chinese high-speed railways surpassed 214 billion passengers per kilometer, more congested than that of the rest of the wor ... Read more...

Establishing a Liaison Office in India

By Dezan Shira & Associates, Posted: 27th August 2015 09:18
Liaison offices (LOs) are a popular option for foreign investors exploring the Indian market for the first time. In contrast to other business structures, LOs allow foreign companies to establish a light footprint in India while keeping their financial, legal and administrative commitments low. Like representative offices (ROs) in China, foreign companies that establish LOs in India can build busi ... Read more...

Shifting Sands in MENA

By Guy Taylor & Kevin McManus, Posted: 26th August 2015 09:42
An insight into the changing tax landscape in the Middle East as the region looks beyond its reliance on oil and gas exports and also starts to take stock of broader international focus on the level of taxes paid by corporate groups.    Ronald Regan once said “the government’s view of the economy could be summed up in a few short phra ... Read more...

China Investment Roadmap: the Commercial Real Estate Sector

By China Briefing, Posted: 25th August 2015 09:26
The latest issue of China Briefing Magazine, titled “China Investment Roadmap: the Commercial Real Estate Sector” is out now and available to subscribers as a complimentary download in the ... Read more...

Investors Missing Out on Benefits of Vietnam’s Free Trade Agreements

By Vietnam Briefing, Posted: 20th August 2015 10:39
HCMC – Vietnam has a range of free trade agreements (FTA) in place, and even more currently in the negotiation phase. However, many investors are still unaware of the potential benefits of these trade deals for their businesses. In fact, many investors are unaware that Vietnam even has an applicable FTA that could be of use to them. Over the past few years, Vietnam has been ... Read more...

The UAE: A Franchise Haven, Heaven, or Both?

By Mark Edwin Bisch & Wicki Andersen, Posted: 11th August 2015 09:18
Franchises are quite common in the UAE.  Operations for many well-known international brands, and regional concepts, are found throughout the UAE, including many food and beverage, retail and even hospitality franchises.  With a generally affluent, young, and entrepreneurial population, the UAE is a natural fit for franchise operations.  The UAE is also considered a good ... Read more...

How to Establish a Business in India

By Dezan Shira, Posted: 6th August 2015 08:49
India is well-positioned to take advantage of the rising cost of doing business in China and other countries in Asia. In contrast to many other Asian markets, foreign investors find government support for industry, low labor costs and a massive unified market in India. Foreign companies can take advantage of these conditions to reduce operating costs, diversify workforces or supply chains, and acc ... Read more...

Indian Insurance Sector – Turning a Corner

By Mrinal Ojha, Posted: 30th July 2015 09:57
India started with the liberalisation of the insurance sector at the turn of this century with the foreign direct investment (FDI) with Indian Insurers (and intermediaries like insurance brokers) being opened up to 26%.  Foreign investors were assured that the next phase would follow soon and increase the FDI to 49%.  After a long (and rather frustrating) wait since the steps tow ... Read more...

Grounds for Investment: Opportunities in Southeast Asia’s Coffee Industry

By Kimberly Wright, Dezan Shira & Associates, Posted: 28th July 2015 08:31
Southeast Asia has an ideal climate for coffee cultivation. While Vietnam has traditionally led the way for coffee production in ASEAN, other countries in the ten-nation bloc are steadily growing as coffee exporting nations. In particular, Indonesia, Laos and Thailand are markets that are both under-saturated and open to foreign investment. In this article, we provide an overview of t ... Read more...

Luxembourg for Private Funds

By Jean-Christian Six, Posted: 17th July 2015 12:12
The term “private fund” does not bear a specific legal meaning in Luxembourg.  However, Alternative Investment Funds (AIFs) that do not offer their shares or units to the public at large and that are reserved for investment by sophisticated investors are frequently referred to as “private funds”.  Examples of private funds include for insta ... Read more...

Applying for Permanent Residency in Singapore – What a Foreigner Needs to Know

By Amelia Tsui, Dezan Shira & Associates, Posted: 16th July 2015 11:03
Known as one of Asia’s more stable and well-developed countries, Singapore has increasingly become an attractive business environment for many prudent foreigner business professionals and investors. A contributing factor to Singapore’s success is the government’s strong incentives program for foreign talent to commit to the country. ... Read more...

Australia: The State of Private Equity

By Nathan Cahill, Head of Alternative Investments, Minter Ellison, Posted: 9th July 2015 11:33
2015 has been an interesting year for private equity in Australia with fundraising and investor activity in Australia and broader Asia creating some strong new themes and trends.    The Economic Backdrop   The Australian economy has been operating in a post-resources boom environment of subd ... Read more...

Exploring New Opportunities in China’s Aviation Industry

By Elizabeth Leclaire, Dezan Shira & Associates, Posted: 8th July 2015 11:11
The rapid development of China’s aviation industry has created new investment opportunities for foreign companies looking to enter the Chinese market. Within the next 20 years, China is predicted to witness ten percent annual growth in demand for air transport (compared to two percent U.S. growth), US$64 billion worth of governmental investment into China’s airport ... Read more...

Exclusive Q&A on Private Equity with Nathan Cahill

7th July 2015 11:51
Can you talk us through the regulatory framework in your jurisdiction, outlining any recent changes or interesting developments?   Changes introduced to Australia’s $5m Significant Investor Visa (SIV) Program from 1 July 2015 will include a mandated allocation of at least $500,000 per investor into a registered venture capit ... Read more...

The Dissolution of Petral

By Mirza A. Karim, Karen Mills & Margaret Rose, Posted: 2nd July 2015 09:32
  Indonesia's state-owned oil and gas company, PT. Pertamina (“Pertamina”) has officially halted the operation of its Singapore-based subsidiariy, Pertamina Energy Trading Limited ("Petral"), and is currently working on efforts to liquidate Petral’s subsidiaries, Pertamina Energy Services Pte Limited (“PES& ... Read more...

Foreign Investment in the Philippines – to be or not to be?

Tom Platts & Emma Nicholls, Posted: 26th June 2015 11:50
The Bangko Sentral ng Pilipinas ("BSP"), the central bank of the Philippines, reported earlier this year that inflows from foreign direct investment ("FDI") surged to an all-time high in 2014 to US$6.201 billion, up 66% annually, reflecting strong investor confidence in the jurisdiction.  The 2014 result also topped the upwardly revised $4.4 billion for ... Read more...

State by State – ASEAN and Wisconsin Trade

Chris Devonshire-Ellis, Posted: 25th June 2015 09:26
For a north-eastern State a long way from South-East Asia, the trade relationship between Wisconsin and ASEAN is remarkably robust, with a growing element of the dairy industry now finding its way to new export markets in Asia. In 2012, Wisconsin exported US$1.14 billion in goods and services to ASEAN nations, of which some US$900 million were cons ... Read more...

From intentions to implementation: the long ESG road

By Arti Prasad-Naidu, QIC, Posted: 11th May 2015 09:04
“Man does not live by bread alone” is among the most famous phrases in the globe canon.  It conveys the deeply held belief that there is more to life than immediate material comfort to the exclusion of all other values.   Deeply held moral beliefs inspired anti-slavery movements in the 19th Century and in more r ... Read more...

Social Investments: a good long-term home for your liquid cash or risk capital

By Monica Middleton & Kawien Ziedses des Plantes, Posted: 8th May 2015 14:32
In 2015, cooperative Oikocredit celebrates its 40th anniversary as one of the world’s leading private social investors.  Reporting another year of solid results from ... Read more...

Doing Business In Present Ukraine: Challenges And Opportunities

By Dmytro Fedoruk & Andriy Olenyuk, Posted: 29th April 2015 09:16
Ukraine has always been regarded as a land of extensive potential and neglected opportunities.  Despite having a favourable geographical location, fertile agricultural lands, low-cost but high-skilled labour and large consumer markets, Ukraine has for long been unable to build up on its strengths and develop into a sustainable economy with a comfortable business environment.  Now ... Read more...

Investing for Sustainable Responsible Impact: Puerto Rico Case Study

By Myrna M. Rivera, CIMA, Posted: 27th April 2015 08:57
Socially Responsible Investing (SRI) is evolving.  While investors following the SRI style still conduct positive and negative screens to include or exclude companies from their portfolios, new approaches now provide them with opportunities to be more proactive and comprehensive when investing for financial and social returns.  SRI driven investments offer a more dynamic approach ... Read more...

Next Generation of Sustainable Investments

By Hermann Klughardt, Posted: 24th April 2015 11:19
At the beginning of 2013 Berkshire Hathaway invested US$2.5 billion in photovoltaic power plants.   “Up to now we have €1 billion in renewable energy and we will invest another €1.5bn in the coming years” said Holger Kerzel, Managing Director of MEAG in an interview 2014.  Also the worldwide leading reinsurance group ... Read more...

Australian Economic Update-Divergent Forces

By Martin Fowler, Posted: 1st April 2015 09:15
Overview Australia’s medium term economic prospects have become increasingly uncertain. There are any numbers of factors responsible for the current predicament including, but not limited to, the following: - The failure to address systemic imbalances in the housing market -  The RBA& ... Read more...

Foreign Investment Opportunities in India’s Growing Biotechnology Industry

By Nishant Maddineni, Posted: 31st March 2015 09:33
India’s biotechnology industry is growing at an exponential rate, with the country’s bio-economy valued at US$4.3 billion at the end of 2013 – up from US$530 million in 2003. As a result, India now has the third largest biotech industry in the Asia-Pacific region and the most US FDA-approved plants after the U.S. With strong support from the Indian government, the ind ... Read more...

Vietnam Ripe for Green Investment

By Dezan Shira & Associates, Posted: 27th March 2015 08:52
Vietnam is a pioneer among developing countries, taking a leadership role in green growth. From 2012, the Green Growth Strategy has aimed to develop Vietnam into a low carbon economy and to enrich natural capital. The strategy marks the direction in sustainable economic development with the objectives of restructuring the economy and applying advanced technology to improve living standards. The in ... Read more...

Asian Investment in Europe’s Shipping Sector, Part 1: Trends and Intra-Asian Trade

By Rebecca Choong Wilkins, Posted: 12th March 2015 09:07
As growth stagnates, the European shipping sector is confident that the Asian market will remain a reliable lifeline. According to HSH Nordbank’s recent survey ‘Shipping goes to Asia 2015’, Europeans are increasingly optimistic that Asian capital will rejuvenate the industry this year.   The survey sampled 500 executives from its int ... Read more...

Vietnam’s Trade Position in Asia in 2015

By Dezan Shira & Associates, Posted: 25th February 2015 10:29
HCMC – Vietnam sits in a prime position in Asia vis-à-vis free trade agreements (FTAs) and trade organization memberships. Very few other countries in the region are included in such a plethora of trade agreements. See below for a visual representation of Vietnam’s position.   Looking briefly at the key FTAs for Vietnam, if they wer ... Read more...

Corporate Sale-Leaseback Investing: Stable, Strong Returns In A Volatile Market

By Philip F. Blumberg & David Blumberg, Posted: 16th February 2015 09:49
In an environment where major international economies are lagging in growth, and in some cases, as in Europe, contracting, the US continues to be the leading world economy in terms of size, growth, and safety.  Such a scenario makes US investments far more attractive to both domestic and international investors seeking stability, growth, and strong dollar denominated returns. < ... Read more...

Philippine Economic Growth Looks Strong in 2015

By Dezan Shira & Associates, Posted: 12th February 2015 09:24
The Philippines has become one of the fastest growing economies in Asia, with an annual GDP growth rate of 6.1 percent in 2014 – the second highest in the Asia-Pacific region after China. This healthy growth is due to strong economic fundamentals and a faster than expected GDP growth of 6.9 percent in the fourth quarter of 2014.   The strong fourth quar ... Read more...

UCITS V: New Rules

By Jonathan Burger, Posted: 6th February 2015 08:45
On 23 July 2014, the European Union adopted Directive 2014/91/EU (UCITS V) of the European Parliament and of the Council amending Directive 2009/65/EC (UCITS IV) on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) regarding depositary functions, remuneration policies and administrative sanction ... Read more...

Vietnam & Singapore Establish Strategic Partnership

By Dezan Shira & Associates, Posted: 4th February 2015 08:40
SINGAPORE – As investment and trading partners, Singapore and Vietnam have proven to be an unstoppable combination – with 2014 bilateral trade up 20.3 percent year on year. Vietnam’s strategic location, low-cost labor, burgeoning consumer class, and incentives to foreign investors have made Vietnam an attractive destination for Singaporean foreign direct investment (F ... Read more...

Private Equity LATAM 2014

By Daniel Serventi, Posted: 3rd February 2015 09:15
Many of the fundamentals driving the economic upswing over the last several years deteriorated in 2014.  Among them was a stagnating and lackluster recovery in several of the developed economies, in particular across Europe and Japan.  While the accelerating strength of the US recovery provided a counterpoint, slowing growth in Japan and Europe had a marked impact on many LatAm e ... Read more...

Trends in Australia-ASEAN Trade and Investment

By Nishant Dixit, Posted: 2nd February 2015 12:05
In 2014, Australia and the Association of Southeast Asian Nations (ASEAN) celebrated forty years of diplomatic relations. In that time, bilateral trade between Australia and several ASEAN member-states have seen enormous progress, but relations with others remain surprisingly slow.   Australia is a signatory to the regional ASEAN-Australia-New Zealand FTA (AANZFT ... Read more...

China Releases Draft Foreign Investment Law, Signaling Major Overhaul for Foreign Investment

By Dezan Shira & Associates, Posted: 29th January 2015 09:18
  The Chinese Ministry of Commerce released the draft of the proposed new Foreign Investment Law to solicit public opinions. The proposed law will significantly reduce barriers to foreign investment, whilst at the same time increasing scrutiny of foreigners trying to evade the regulations on investing in restricted industries. The new law introduces five major changes. ... Read more...

“Programming a Cybersecurity Policy for the Investment Adviser”

By Matthew Cohen & Gregg S. Buksbaum, Posted: 28th January 2015 09:16
A speaker at a recent broker-dealer compliance seminar quipped that there are two types of people in the world: those who have been victims of cybercrime and those who don’t know yet that they are victims of cybercrime.  Last year ended with the high-profile hacking of Sony Pictures surrounding the release of its film “The Interview,(1)” but the hack of Sony ... Read more...

It Took 20 Years… But The Norwegian Mass Market Is Finally Open To European Hedge Fund Managers

By Klaus Henrik Wiese-Hansen, Posted: 26th January 2015 09:02
Investment funds for sale to the general public – in other words, open-ended collective investment structures of which shares may be redeemed on a regular basis and of which investment objectives are financial instruments – have traditionally been strictly regulated in Norway.  A provisional act from 1970 provided the first regulatory requirements for marketing of Norw ... Read more...

European Long Term Investment Funds – A Missed Opportunity?

By Simon Burns, Posted: 19th January 2015 08:54
A brief look at the history of financial shocks shows the prominent role often played by market participants seeking to gain significant returns in a short time frame.  For example, speculative behaviour by Dutch investors in the 17th Century resulted in what became known as 'Tulip mania'.  Demand for the national flower’s bulbs grew to such levels that ... Read more...

Key Industries for Investment in ASEAN

By Matthew Zito, Benedict Lynn and Emily Liu, Posted: 12th December 2014 09:48
As ASEAN continues its transition to greater economic integration with the implementation of the ASEAN Economic Community in 2015, the region is seeing strong growth in a number of industries. Among the key business areas are electronics, info ... Read more...

Republican Congress Could Shape Obama’s Legacy on U.S. Investment in China

By Andrew Salzman, Posted: 20th November 2014 09:15
With the Republican Party reclaiming a majority in the U.S. Senate, it is fair to ponder what this will mean for American businesses with an international presence, such as in China. With their Senate takeover, Republicans now have a majority in both houses of U.S. Congress. This could lead President Obama to place a greater emphasis on foreign policy during his last two years in office.& ... Read more...

AIFMD in Luxembourg: Passporting Regime & Reporting Timetable

By Jonathan Burger, Posted: 5th November 2014 08:56
Over the last 25 years Luxembourg has built up its position as the most popular domicile for undertakings for collective investments in transferable securities (“UCITS”).  At the same time Luxembourg has developed a strong track record in alternative investment funds structure such as hedge funds and funds of hedge funds, private equity vehicles and real estate funds.& ... Read more...

A Guide to India’s Special Economic Zones

By Samuel Wrest, Posted: 30th October 2014 09:03
India’s special economic zones (SEZs) are certain localities which offer tax and other incentives to their resident businesses. Although India’s SEZs are relatively new, they now form a significant part of its appeal as both a sourcing and manufacturing destination. In this article, we examine how these zones function and highlight some of the key& ... Read more...

Looking For Growth? Forecasts for Asia 2015

By Chris Devonshire-Ellis, Posted: 17th October 2014 08:55
As the IMF recently released a report stating that growth in the United States and the Eurozone is likely to be 3.3 percent and 1.3 percent, respectively, next year – highlight ... Read more...

Slovenia’s Prospects Rise With The New Government

By InvestSlovenia Team, Posted: 29th September 2014 08:54
Slovenia’s attractions for foreign investors include its position at the intersection of traditional trade routes, its well-developed physical and ITC infrastructure, its value chains, supplier networks and clusters… And what matters most when a country is on track to excellence is its ability to evolve.  The global economic crisis did not spare Slovenia, bu ... Read more...

Investing in China’s Financial Services Industry

By Roy K. McCall, Posted: 11th September 2014 09:45
Up until 2013, China’s inbound investments exceeded outflows. But that’s about to change. In 2014, China is becoming a net outbound investor. This trend signals an increasing opportunity to expand outbound investment choices and services for Chinese investors – already well understood by bulge bracket M&A advisors, law firms and Big 4 accountants. For China&am ... Read more...

New Circular Allows Foreign Investors to Open Direct Investment Capital Accounts in Vietnam

By Dezan Shira & Associates, Posted: 8th September 2014 08:22
HANOI – On August 11, the State Bank of Vietnam issued Circular 19/2014/TT-NHNN to provide detailed instructions on the management of foreign currency FDI operations in the country. This Circular serves as explanation to Decree 70/2014/ND-CP, which will go into effect from September 25th2014. According to the new regulations, foreign inve ... Read more...

The Singapore Business Advantage

27th August 2014 11:02
Singapore possesses one of the most open economies for international trade and investment.  Foreign investors have often lauded Singapore’s pro-business environment, modern infrastructure, highly educated and skilled labour force and robust economic and legal system.  Singapore is often considered the “heart of Asia” for international corporations lo ... Read more...

Traps & Tips When Venturing Overseas To Do Business

By James Tng, Posted: 21st August 2014 09:04
The world is now a global marketplace, and technology has accelerated this.  The barriers that used to apply to accessing skilled labour and selling into a country have been broken by outsourcing and selling online.  Cloud technology has pushed the envelope on what can be done remotely and businesses are being forced to adapt to this change.   M ... Read more...

Foreign Investment Laws Can Impact-Deals

By Ilene Knable Gotts & Lori Sherman, Posted: 13th August 2014 09:25
Cross-border transactions have become commonplace in today’s global economy.  More than 30% of global M&A in 2013 involved acquirors and targets in different countries, including $134.5 billion of acquisitions in the U.S by non-U.S. acquirors.  In the first half of 2014 alone, $127 billion worth of acquisitions in the U.S. were made by non-U.S. acquirors.&nb ... Read more...

Raise or Fold: Changing the Registered Capital of a Company in China

By Rainy Yao, Maria Kotova and Matthew Zito, Posted: 11th August 2014 08:56
In China, the Company Law stipulates that all enterprises, foreign-invested or otherwise, must register a fixed level of operational capital with the relevant authorities—deemed the company’s “registered capital”—as part of the basic corporate establishment process. Owing to strict foreign exchange controls, a ... Read more...

Are You Choosing The Right Forex Broker?

By Webb Ward, Posted: 18th July 2014 08:52
Foreign Exchange Market is an exciting business proposition marked by the presence of dynamic traders and as well as brokers. Owing to the high competition in the market, there are several brokers offering multiple advantages to a trader. However, finding the broker who/which will suit your needs the most is not that easy. You might as well be required to sift through a number of web and print adv ... Read more...

The New 2014 India Budget in Foreign Investment and USD Terms

By Chris Devonshire-Ellis, Posted: 17th July 2014 09:02
The new Indian Budget for the fiscal year 2014-15 was presented by Finance Minister Arun Jaitley yesterday. While many commentators thus far have concentrated on the lack of any significant changes in the existing tax regime, there are a number of interesting pointers as to trends that foreign investors would be wise to track as these are now set to become a longer term Government driven policy. T ... Read more...

Getting Started with Forex Trading

By Webb Ward, Posted: 11th July 2014 09:29
A growing number of people are looking to foreign currency trading as a way to improve their finances. The world of forex is interesting and dynamic, and it offers unprecedented potential for returns. Many analysts are concerned that the FTSE 100 is close to topping out. They think that while the index may break through to an all-time high at some point this year, once that high is reached we will ... Read more...

Regional Trends and Developments in Australia

By Robert Toth, Posted: 8th July 2014 08:45
The current business environment in Australia is extremely positive with GDP growth in the Australian economy in the first quarter of 2014 in the region of 3.5 per cent.   Retail sales figures show an increase of 6.2 per cent over the past 12 months with increases in the retail sector particularly in the food and hospitality, household goods, clothing and footwea ... Read more...

Business Optimism on the Rise in Vietnam

By Dezan Shira & Associates, Posted: 7th July 2014 09:31
HANOI - According to the World Bank, new reforms for employing workers, increasing access to credit and investor protection measures have made it easier to do business in the country. Circulars concerning  ... Read more...

Investing in an Online Presence in Asia

Alberto Vettoretti, Posted: 2nd July 2014 09:40
Asia is fast on its way to becoming the largest e-commerce market in the world. Internet penetration is growing by leaps and bounds, and the region’s youth population increasingly prefers to interact with companies and retailers over the internet rather than with more traditional forms of physical shopping and communication. Alongside these developments, Asia’s fast-growing mid ... Read more...

New Rules for ISAs: What You Need to Know

By Webb Ward, Posted: 20th May 2014 09:24
The government often makes changes to the limits and regulations for savers, and Budget time is the moment for reform to be pushed through. The changes apply to savers all over the country but perhaps those in London should pay particular attention to the benefits of the new ISA savings regime - the percentage of adults who have ISAs is smallest in London (along with the North East) at 45.4 percen ... Read more...

Calls for Asia to Invest in More Bilateral Deals Rather Than the TPP

By Dezan Shira & Associates, Posted: 6th May 2014 08:33
Obama’s Asian failings mean region is more confident about developing by itself The Asian Development Bank (ADB) has suggested that the time spent on negotiating “mega” trade deals such as the Trans-Pacific Partnership (TPP) would be better spent consolidating more bilateral trade agreements. J ... Read more...

Can Investments Hurt Your Credit Score?

By Webb Ward, Posted: 5th May 2014 09:02
The main motivation for making a sensible investment is of course the raw financial benefit that it brings.  Hopefully the investment, whether it lies in shares, bonds, property or otherwise will turn in a profit.  However, an often overlooked side effect of investment activity is the impact that it can have on your credit rating.  Of course, this can be crucial in acces ... Read more...

Alternative Options For Delisting Under Turkish Law

By Gülperi Yörüker, Posted: 23rd April 2014 09:09
There are two alternative options for delisting of a public company quoted in Istanbul Stock Exchange which have been stipulated under the new Communiqués of the Capital Markets Board of Turkey (“CMB”).  The “Communiqué on Common Principles regarding the Significant Transactions and the Retirement Right” of the Capital Markets ... Read more...

Stocks on the Rise in 2014

By Webb Ward, Posted: 15th April 2014 08:39
Growth may still be slow in most leading economies, following the ravages of the past few years. This type of slow-paced progress can make people sceptical about investing in stocks and shares. However, there are some diamonds among the rough and a variety of companies which look well set for impressive growth in 2014. If you are looking to invest in a well-known corporation, where st ... Read more...

Foreign Law Firms Registered in China

Dezan Shira & Associates, Posted: 3rd April 2014 08:27
BEIJING – The ability to practice law and provide opinions on matters of Chinese law is regulated and overseen by the Chinese Ministry of Justice (MOJ). Foreign law firms who wish to advise on such matters must obtain approval from the MOJ and obtain a license to practice in order to do so. That said, there is a tendency amongst less professional or trustworthy ... Read more...

Vietnam Set to Open First Online Bitcoin Trading Floor

By Dezan Shira & Associates, Posted: 1st April 2014 08:51
HANOI – The Israeli Bitcoin exchange Bit2C announced this week that it will partner with Bitcoin Vietnam Co. Ltd. to open Vietnam’s first online Bitcoin trading floor, VBTC, before the end of April 2014. Created in 2009, Bitcoins are a peer-to-peer virtual form of currency able to be bought or sold on online exchanges. While the value of a single Bitcoin is very vo ... Read more...

Malta launches Citizenship by Investment

By Marilyn Mifsud, Posted: 14th March 2014 08:54
By virtue of Legal Notice LN 47/2014, the Government of the Republic of Malta grants, after a rigid and thorough due diligence process, naturalisation by investment to reputable individuals and their dependantswho will make a noteworthy contribution to the social and economic development of the country.   Legal Notice 47 of 2014 came into force on 4 February 2014 ... Read more...

Malta Company Formations

By Adrian Gabarretta & Matthew Mizzi, Posted: 12th March 2014 08:52
Malta is an independent member state of the European Union centrally located in the Mediterranean, benefiting from good international connections to major European cities and financial centres, including London, Frankfurt and Paris, and a modern communications infrastructure.  A robust legal system and an attractive onshore tax regime form the bedrock of the country’s success in ... Read more...

Asia’s First Bitcoin ATM Opens for Business in Singapore

By Jeremy Alexander, Posted: 4th March 2014 08:48
Amidst the uncertainty created by the Mt. Gox shutdown, the first Bitcoin ATM allowing cash-to-virtual currency transactions opened in Singapore yesterday. Created by Tembusu Terminals and claimed to be the first ATM of its kind in Asia, the machine accepts transactions of as little S$2 (US$1.58) and dispenses QR codes. These QR codes will then be accepted at around thirty outlets throughout Singa ... Read more...

Funds Of One

By Gregg S. Buksbaum , Posted: 19th February 2014 08:46
Hello again.  When I previously contributed to Corporate LiveWire a year ago, I wrote about “funds of one” from an introductory perspective and laid out certain benefits and drawbacks in structuring these vehicles.  While the basic architecture ... Read more...

The Italian Transposition of AIFM Directive

By Prof. Filippo Annunziata & Avv. Andrea Conso, Posted: 12th February 2014 08:57
Collective asset management was for long characterised by a lack of specific regulation at European level: in particular, for a long time the European Legislator addressed aspects representing a limited “slice” of the matter (as “harmonised” funds), without providing an organic regulation embracing the whole sector of asset management.  On this basi ... Read more...

Volatile Indian Gold Market Looms Ahead of the Diwali Festival

Courtesy Of Bullion Vault, Posted: 23rd January 2014 09:18
The Indian government’s recent imposition of a stricter anti-import policy on gold has pushed premiums on gold investment bars to a record high but compelled many jewellers to introduce promotions in order to cope with struggling sales.  Premiums on gold investment bars have this week risen above $120 per ounce over the London price, a new record high ... Read more...

Bitcoin’s Future in Asia

By Edward Barbour-Lacey, Posted: 22nd January 2014 09:21
Created in 2009, Bitcoins are a peer-to-peer virtual form of currency able to be bought or sold on online exchanges. Additionally, the coins can be “mined” using high-performance computers and complex algorithms. While the value of a single Bitcoin can be very volatile (the price often swings wildly), the total value of Bitcoins in the world is estimated to be around US$7.5-10 ... Read more...

UFXMarkets Will Now Offer Online Bitcoin Trading

By Webb Ward, Posted: 17th January 2014 09:22
If you are interested in forex trading online, you know that the change in value of various currencies is the centerpiece to your trading options. The market is always going up and down, and you have to figure out which currencies are going to rise if you want to earn while doing this. Traditionally, traders can use currencies like the US dollar (USD), the Euro (EUR) or the pound (GBP). However, & ... Read more...

Equity investors are re-emerging from the UK down-turn as backers of companies with promising growth prospects

By David McClelland, Posted: 15th January 2014 09:20
CDD can deliver a comprehensive understanding of the health and character of a potential investment business, allowing equity investors to navigate the transaction process and determine deal attractiveness.   Private equity investors are re-emerging from the UK down-turn as backers of companies with promising growth prospects that have weathered the previously mu ... Read more...

Australian Economic Outlook - How to Squander a Once in a Lifetime Boom

By Martin Fowler , Posted: 9th January 2014 09:11
In December Treasurer Joe Hockey revealed that the budget deficit was most likely to be near $50 billion.  In a $1.5 trillion economy this works out at around 3% of GDP.  In theory, deficits can be good for an economy when they make up for a shortfall in private demand and provide the impetus for the private sector to grow at a faster rate – better to spend money stimul ... Read more...

Three Factors That Could Hamper Gold’s Recovery in 2014

By Tony Davis, Posted: 8th January 2014 08:58
Gold has grabbed the headlines thus far in 2014 and appears to be headed toward a positive year, with an increase of nearly 2.5% at the time of this writing.  This is following a year in which the price of gold had its worst performing year in 32 years.  While we bel ... Read more...

China Regional Focus: Hangzhou, Zhejiang Province

By Yao Lu, Posted: 7th January 2014 09:31
Hangzhou, whose name translates to the “heaven of the earth”, is the capital of Zhejiang province. The city is located in the southern part of the Yangtze River Delta, the western end of Hangzhou Bay, the lower reaches of the Qiantang River, and the southern end of the Beijing-Hangzhou Grand Canal. It is a financial center in the south wing of the Yangtze River Delta, and a tra ... Read more...

Legal Aspects of the 3D Printing Revolution

By Mark Schonfeld, Posted: 6th January 2014 09:24
Until recently, the manufacturer of an object required a factory for mass production, a substantial investment in equipment, inventory and materials, and a brick-and-mortar retail site to sell product.  All this has changed with the advent of 3D printing.  This disruptive technology will change the way we live because it will enable consumers and small businesses to manufacture p ... Read more...

Argentina’s New Securities Law

By Patricia S. López Aufranc & Beatriz F. Breccia, Posted: 2nd January 2014 08:51
At the end of November 2012, the Argentine Congress passed Law 26,831 (the “Securities Law”), which abrogated Law 17,811, enacted in 1968.  In July 2013, the Argentine Executive Branch issued implementing Decree 1023/2013, and in September 2013, the Argentine Securities Commission, which is the governmental agency that supervises the securities market (Comisi ... Read more...

2013 Changes in Indian FDI Policy

By Dezan Shira & Associates, Posted: 28th November 2013 11:35
Navigating foreign investment in India can be daunting. The World Bank’s Doing Business 2014 report ranks India among the most difficult countries in which to start a business – 179th out of 189 countries analyzed. As such, forei ... Read more...

Vietnam’s Airline Industry Takes Off

By Dezan Shira & Associates, Posted: 15th November 2013 15:08
According to the International Air Transport Association, over the next year Vietnam should become the world’s third-fastest growing market for international passengers and freight. It will also be the second-fastest growing market for domestic passengers.   In addition, Vietnam’s Department of Aviation has predicted that the country will see ... Read more...

Opening China’s Capital Account – An Irresistible Force Meets an Immovable Object

By Chris Devonshire-Ellis, Dezan Shira & Associates, Posted: 13th November 2013 15:21
Over the past three weeks in the United States I have been meeting with many businesspeople, lawyers, VC firms and hedge funds, and when it comes to China, the first questions I’m asked almost always concern reform in China – specifically over the opening up of China’s capital account. Such a move, if it happened, would permit free flow of the RMB into and out of Chin ... Read more...

Available Incentives for Exporting and Selling to China

By Eunice Ku, Dezan Shira & Associates, Posted: 11th November 2013 14:25
Many countries have specialized agencies and schemes that provide assistance and incentives for exporting locally manufactured products and that help mitigate the risks inherent in exporting, e.g., buyers’ default of payment. We summarize some of them below. United States The U.S. Export Assistance Centers ... Read more...

China Passes U.S. to Become World’s Top Oil Importer

By Dezan Shira & Associates, Posted: 7th November 2013 14:17
According to the U.S. Energy Information Administration, last month China imported more oil than any other country in the world, including the United States. China had to import 6.30 million more barrels of oil than it produced domestically, while the United States only imported 6.24 million barrels.   China’s new status will have a number of important ... Read more...

China Regional Spotlight: Hefei, Anhui Province

By Alex Tangkilisan, Dezan Shira & Associates, Posted: 5th November 2013 14:12
Dubbed the ‘City of Science and Education’ due to its more than 200 universities and research centers/laboratories scattered throughout the city, Hefei is the capital of the Anhui Province in Eastern China.   The city itself has five counties and four districts under its jurisdiction, and has a population of over 7.52 million. It is also serve ... Read more...

International EconomIc Outlook – A Light on the Hill

By Martin Fowler, Posted: 4th November 2013 14:40
The pace of global growth has broadly accelerated since our July commentary.  The United States has added over two million jobs in the past year and robust corporate profits have driven share-markets higher.  The slowdown in China has at least been temporarily reversed with another round of stimulus reviving the rate of growth to above 7.5%.  In addition, the Eurozone ca ... Read more...

EU-based Real Estate Funds Investing in Norwegian Real Estate – Tax & Corporate Law Developments

By Oyvind Hovland, Posted: 1st November 2013 09:10
There has recently been certain changes in Norwegian international tax and corporate law that are positive and potentially negative to EU established real estate funds investing in Norwegian real estate.  In this article this will be illustrated by looking at foreign investors that via Luxembourg established real estate funds invest in Norwegian real estate owned by Norwegian ... Read more...

EETC: The Next Generation of Debt Financing for Airlines around the Globe?

By Mehtap Cevher Conti, Posted: 25th October 2013 09:09
Through the use of enhanced equipment trust certificates (“EETCs”), some non-U.S. airlines have recently been able to access the U.S. capital markets as a source of fairly inexpensive capital to finance their fleet expansions.  The EETC structure has in effect allowed non-U.S. airlines to obtain financing from a group of U.S. investors that may not otherwise be seeking ... Read more...

Investment in Renewable Energy in Lithuania and Other Baltic States: Legislative Update

By Vilius Bernatonis & Jelena Piatina - Tark Grunte Sutkiene , Posted: 23rd October 2013 09:07
Renewable energy generation projects have been attractive for small to medium scale investments in the Baltic States for the past several years.  The countries are seeking to meet their 2020 energy mix targets and have continuously supported renewable energy generation.  Generous support through feed-in tariffs and comparable structures has been granted to wind power, biomass hea ... Read more...

India Develops Information Technology Investment Region

By Dezan Shira & Associates, Posted: 18th October 2013 08:45
Hyderabad is soon to be home to a new Information Technology Investment Region (ITIR) following last week’s approval by the Cabinet Committee on Economic Affairs for new ITIR developments.   The ITIR, which will include special economic zones and industrial parks, is expected to become a key information technology hub in the region and will focus on acc ... Read more...

Using Vietnam to Target the Emerging ASEAN Region

By Dezan Shira & Associates, Posted: 17th October 2013 08:54
Boasting more than half a billion people, abundant natural resources, and a strategic geographical location, the Association of Southeast Asian Nations (ASEAN) has the potential to become a leading global economic force in the near future.   Growing at an annual rate of 5 percent over the past decade, the ASEAN region – made up of Brunei, Cambodia, Indo ... Read more...

Finnish Interest Deduction Rules to Tackle Leveraged Buy-outs

By Einari Karhu, Posted: 16th October 2013 09:25
Because of their economic nature as investment vehicles and collective asset unity, investment funds and institutional investors are usually treated as tax-exempt or fiscally transparent vehicles.  Therefore any additional tax burden at the level of investment object is an additional cost to the investors.   Finland has recently introduced its version of ... Read more...

China’s Outbound Investment – It’s Going into Asian Infrastructure Development

By Chris Devonshire-Ellis, Posted: 15th October 2013 09:30
Western MNCs need to be more savvy about Asia if they want to participate   It’s been a busy week for Chinese politicking as the nation has enjoyed its National Week Holidays. No rest for President Xi Jinping certainly, who has been running around Southeast Asia before speaking at the  ... Read more...

India Develops Information Technology Investment Region

By Dezan Shira & Associates, Posted: 2nd October 2013 09:16
Hyderabad is soon to be home to a new Information Technology Investment Region (ITIR) following last week’s approval by the Cabinet Committee on Economic Affairs for new ITIR developments.   The ITIR, which will include special economic zones and industrial parks, is expected to become a key information technology hub in the region and will focus on acc ... Read more...

Investing in sub-Saharan Africa since the Financial Crisis

By Hugh Naylor, Posted: 1st October 2013 09:05
In 2008 investors woke up to the realities of the debt-fuelled extravagancies of the noughties and, for many people, the financial world metaphorically stopped turning.  At the time Africa was riding a commodities-driven boom, a process which helped turn it from Tony Blair’s “scar on the conscience of the World” to the poster boy for emerging markets investme ... Read more...

China Relaxes Foreign Investment Rules for Shanghai Free Trade Zone

By Dezan Shira & Associates, Posted: 18th September 2013 08:55
The Standing Committee of China’s National People’s Congress passed the “Decision on Authorizing the State Council to Temporarily Adjust the Administrative Examination and Approval Items under Relevant Laws in China’s (Shanghai) Free Trade Zone (hereinafter referred to as the ‘Decision’)” on August 30, which suspends several adm ... Read more...

Binary Option - Why Do Brokers Play a Vital Role?

By Webb Ward, Posted: 28th August 2013 08:37
Regardless of whether you are a first time trader in binary option or have been trading for several years now, binary brokers do play a vital role in every step.  They will guide you in selecting the right asset to trade, given the fact that not all assets perform in the same manner in any given market condition.  So, they know it best which assets to choose in a particular trade ... Read more...

China’s Bilateral Investment Treaties

By Chris Devonshire-Ellis, , Posted: 18th July 2013 10:11
China has over 80 of these agreements in place, yet they remain somewhat obscure. What are these BIT agreements and what benefits do they bring to the 80 nations that signed them?   China has been entering into bilateral investment treaties (BITs) with other countries since the early 1980s, when the nation began its path to reforms under the ... Read more...

Australian Economic Outlook – Winter of our Discontent

By Martin Fowler, Posted: 9th July 2013 08:45
Overview   The latest national accounts show that the Australian economy grew by 0.6% in the March quarter and by 2.5% over the year.  The main contributors to growth over the year have been mining (0.8 pp), financial and insurance services (0.6pp), and healthcare (0.4pp).  Annual growth in household consumption over ... Read more...

International Economic Outlook – Running to Stand Still

By Martin Fowler, Posted: 5th July 2013 08:39
Overview   Up until mid-May global share markets were posting strong gains.  Much of these gains emanated from conventional and unconventional monetary policy initiatives orchestrated by Central Banks eager to promote growth and ward off a perilous deflationary spiral.  The main purpose of these initiatives has been ... Read more...

Special Economic Zones in Myanmar

By Collin Baffa, Posted: 3rd July 2013 08:47
Myanmar has seen rapid economic growth following its recent democratic and economic reforms, which included the repealing of Myanmar’s export taxes, decreasing import taxes and providing greater access for foreign direct investment. FDI into Myanmar increased from US$300 million in 2009-10 to US$20 billion in 2010-11, with its GDP rising from a rate of 5 percent in 2009 to over 6 percent ... Read more...

Vietnam and China Ink Bilateral Trade and Investment Initiatives

By Dezan Shira & Associates, Posted: 28th June 2013 08:53
China and Vietnam have signed several bilateral trade and infrastructure agreements during a visit by the Vietnamese President Truong Tan Sang to Beijing this week.   This is Vietnam’s first official visit since Premier Li and President Xi took office in China earlier this year. President Sang welcomed the invitation to visit China, saying the two count ... Read more...

Key Sectors for FDI in India: Airports and Ports

By Dezan Shira & Associates, Posted: 25th June 2013 08:27
Continuing with our series of key sectors for foreign direct investment (FDI) in India, this article will provide an overview of foreign investment in airports and ports throughout India. As the government prioritizes the development and refurbishment of national infrastructure, investment into India’s airports and ports is an increasingly attractive option for investors looking to tap i ... Read more...

Understanding Development Zones in Asia

By Chris Devonshire-Ellis, Posted: 17th June 2013 08:31
With the success of China’s special economic zone in Shenzhen in the 1980s, development zones across Asia have proliferated as catalysts for economic reform and foreign investment.   While the Shenzhen example originated as an entire city area cordoned off from the rest of China in case the experiment with capitalism went wrong, the concept, while not n ... Read more...

China & Mexico Talk of Strategic Partnership Deal, But Much Remains to be Done

By Chris Devonshire-Ellis, Posted: 12th June 2013 08:58
Chinese President Xi Jinping has been in Mexico the past three days and has been meeting with the Mexican President Enrique Peña Nieto ahead of Xi’s much anticipated visit to meet President Barack Obama of the United States. Xi and Peña Nieto, following their meetings, released a statement saying that both were prepared to “take their relationship to a new ... Read more...

Expected Amendment to Procedural Rules on Allotment of Shares

By Tsuyoshi Shimizu & Mayuko Tsujimoto , Posted: 4th June 2013 08:31
The legislative council of the Ministry of Justice of Japan compiled an outline of the proposed amendments to the Companies Act of Japan in September 2012, and such proposed amendments include an amendment to the procedural rules on allotment of shares.   Background of Amendment   Under the existing ... Read more...

China Regional Spotlight: Lanzhou, Gansu Province

By Yao Lu, Dezan Shira & Associates, Posted: 20th May 2013 08:49
Lanzhou, once known as the “Golden City,” has been an important regional commercial center and transportation hub since as early as the Han Dynasty. The city used to be a major link on the ancient Silk Road and has played a vital role in the cultural and economic exchange between China and countries to its west throughout Central Asia, the Middle East and Europe. Today, Lanzhou ... Read more...

China’s Investment in Europe Continues to Rise

By Sondre Ulvund Solstad, Posted: 10th May 2013 09:43
Chinese companies increased their investments in Europe by as much as 21 percent in 2012, solidifying its position as the main destination of Chinese Outward Foreign Investment (ODI). In total, Europe was the recipient of US$12.6 billion of Chinese investment last year, which now represents approximately 33 percent of all Chinese ODI.   The rationale for increasi ... Read more...

China’s Drop in FDI Signals Shift in the Global Supply Chain

By Chris Devonshire-Ellis, Posted: 9th May 2013 09:11
Export manufacturing moves on while sales-driven structures move in   The 2012 drop in foreign direct investment in China is pointing out that manufacturing capacity is being rethought by MNCs considering global trade as a whole. The drop – some 4 percent from FDI figures in 2011 – is down to a number of issues, not least ... Read more...

Hong Kong or Singapore for Holding Asian Investments?

By Dezan Shira & Associates, Posted: 7th May 2013 08:27
The reasons for using an intermediary company when investing into China or Asia from say the United States, Europe or Australasia are to take advantage of various tax treaties that exist, to provide minimal corporate income tax exposure with options for future dividends repatriation, and to legally hold more risky investments at arm’s length from the parent company in the event of any ma ... Read more...

Key Sectors of FDI in India: Roads and Railways

By Dezan Shira & Associates, Posted: 1st May 2013 09:33
The Indian government has clearly indicated that infrastructure development remains the nation’s top priority. Recognizing that a steady supply of power along with efficient transport infrastructure will help revive the Indian economy and boost productivity, the government has set up plans to increase gross capital in infrastructure over the next several years to over U ... Read more...

Letters from America: China Losing Its FDI Luster as Asia Takes Prominence

Chris Devonshire-Ellis, Dezan Shira & Associates, Posted: 15th April 2013 08:55
I’ve attended two prominent annual U.S.-Asia investment events this past week, namely the Hot Markets Watch in Cincinnati, and the Asia-Pacific Business Outlook in Los Angeles. These events are high level, attracting many American ... Read more...

The Emergence of Vietnam and India as China Alternatives

By Chris Devonshire-Ellis, Dezan Shira & Associates, Posted: 3rd April 2013 09:13
China is not the only solution for export-driven manufacturing, and Asia’s trade evolution is determining that business models move on for adventures elsewhere.   At the turn of the 21st Century, there were two main schools of commercial thought with regards to China. The most popular was that China represented a massive market to s ... Read more...

Setting Up a Foreign-Invested Enterprise in Vietnam

By Dezan Shira & Associates, Posted: 26th March 2013 09:00
By continually issuing favorable policies and incentives aimed at attracting inflows, and deciding to decrease the country’s corporate income tax levels from January 1, 2014, it is clear that Vietnam’s government is intent on taking a proactive approach to foreign direct investment. Enterprises and individuals interested in taking advantage of the country’s friendly i ... Read more...

China Expands RMB Qualified Foreign Institutional Investors Pilot Program

By Dezan Shira & Associates, Posted: 22nd March 2013 09:43
As part of China’s efforts to internationalize its currency, China initiated the “RMB Qualified Foreign Institutional Investors Pilot Program (RQFII Pilot Program)” at the end of 2011, which allows qualified foreign institutions to invest offshore RMB back into Mainland China’s capital market.   So far, China’s St ... Read more...

Using Singapore as a Base for Asia Expansion

By Dezan Shira & Associates, Posted: 19th March 2013 08:56
As a financial and services hub, Singapore is the de facto financial capital of the Association of Southeast Asian Nations (ASEAN). For companies interested in doing business with ASEAN, the place to start is Singapore.   Companies in Singapore enjoy a low corporate income tax rate of 17 percent, no tax payable on dividends earned externally from its borders, and ... Read more...

Consequences of the Dodd-Frank Act: New Private Fund Reporting Requirements

By Heather Cruz, Mark D. Young, Maureen Donley, Geoff Bauer & Daniel Konar II, Posted: 14th March 2013 09:39
The Dodd-Frank Act greatly increased the reporting requirements applicable to private investment funds and their advisers. In recent months, both the SEC's and CFTC's new reporting forms have become effective.  Now that the initial round of filings is complete for the largest advisers, we expect that their experiences will prove instructive for advisers preparing their fir ... Read more...

Portuguese Investment Funds: Current Market Scenario & Incoming Opportunities

By Pedro Simões Coelho & Pedro Bizarro, Posted: 4th March 2013 09:59
These days, articles about Portugal in the international economic press are often packed with references to austerity measures, economic downturn and the international assistance programme.  The authors of this article agree that any realistic assessment of the Portuguese economy must acknowledge that the decaying economic conditions have taken their toll.  However, they will ado ... Read more...

Happy Birthday UCITS, Happy Birthday ALFI!

By Anouk Agnes, Posted: 1st March 2013 09:21
25 years ago, in March 1988, Luxembourg was the first country to transpose the European UCITS Directive into national law.  Since then, the country has held a leading position in Europe for the domiciliation, the administration and the distribution of cross-border investment funds.  To support this development, ALFI - the Association of the Luxembourg Investment Fund Industry - w ... Read more...

Private Equity Latin America

By Daniel Serventi, Posted: 27th February 2013 09:06
Latin America has continued to see significant PE activity over the last several months, as local and global firms are drawn to the region’s compelling domestic growth story.  This is despite the deceleration of the global macroeconomic environment that has challenged growth over the near-term and led to significant policy interventions designed as countermeasures against econom ... Read more...

Reasons for Staying in China, and the Emergence of One Billion Consumers

By Chris Devonshire-Ellis, Dezan Shira & Associates, Posted: 26th February 2013 08:53
The massive rise of Chinese middle class wealth brings the “one billion consumers” myth far closer to reality   The issue with any new, emerging market lies within a study of its demographics. In the early 1990s, China had plenty of young, energetic men and women that had just reached the working age, in addition t ... Read more...

Working Towards AIFMD Readiness in the Netherlands

By Floor Veltman, Joris van Horzen & Joost Achterberg, Posted: 18th February 2013 09:06
Background   The events of the financial crisis have demonstrated the impact of alternative investment fund managers (“AIFM(s)”) on the European financial market and the shortfall of adequate regulations.  As a result in 2009 finance ministers from the G20 countries agreed to oversee and regulate hedge fun ... Read more...

AIFMD – A Good Deal for Malta

By Laragh Cassar, Posted: 12th February 2013 09:56
Malta has been, for the past number of years, an attractive fund domicile, particularly due to the Professional Investor Fund (PIF) regime, which regulates most forms of collective investment undertakings, including hedge funds and private equity funds.  Indeed, Malta has emerged as a jurisdiction for funds, complementary to traditional European fund domiciles, such as Luxembourg and Irel ... Read more...

ASEAN-India Free Trade Area Part I: Introduction

By Dezan Shira & Associates, Posted: 11th February 2013 10:00
The ASEAN–India Free Trade Area (AIFTA) is a free trade area consisting of the 10 member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed in Bali, Indonesia, on October 8, 2003, and the final agreement was signed on August 13, 2009. The free trade area came into effect on January 1, 2010.   ... Read more...

Fund of One

By Gregg S. Buksbaum , Posted: 7th February 2013 12:46
Although not a new phenomenon, in the post-Madoff world there is an increasing desire for institutional investors in hedge funds to seek customised solutions from fund managers in order to gain more transparency, reduce liquidity risk, and influence portfolio construction in ways that cannot necessarily be achieved through a typical co-mingled investment pool.  These solutions primarily t ... Read more...

Luxembourg: A Must Consider Platform For Business

By François Petit, Posted: 5th February 2013 08:38
A solid political environment with a strong reputation for pro-business legislation and administration together with a tradition of strong investor protection in Luxembourg have contributed to the creation of a business-friendly environment and the development of a leading international financial centre.  Luxembourg offers companies exceptional opportunities for doing business in Europe a ... Read more...

Vietnam as a Manufacturing Base for Sales to China

By Dezan Shira & Associates, Posted: 4th February 2013 08:44
One of the great enigma’s concerning managers across Asia today is Vietnam’s trade relationship with China, its massive northern neighbor with which it shares an 840-mile border.   This is a timely question to examine, not least because Vietnam is one of Asia’s “Tiger Economies” and, although it has suffered over ... Read more...

Gibraltar: The Key to Unlocking Europe

By James Lasry & Anthony Jimenez, Posted: 1st February 2013 09:04
A New Era for European Funds   The global funds industry is currently in a state of transformation; world-wide regulatory and legislative changes are leading the global fund sector into a new era of increased regulation and enhanced investor protection.  Gibraltar has emerged from the reshaped regulatory landscape as a seriou ... Read more...

Distribution in Switzerland: Challenges & Solutions

By Daniel Haefele , Posted: 30th January 2013 09:43
Distribution to Swiss Investors becomes more difficult and more expensive in the light of the new regulations.  Outsourcing legal representation to a high-quality local service provider and access to an extensive distribution network are key.    Currently Swiss (financial) intermediaries are being affected by a wave of new ... Read more...

Proposed Amendment to the Investment Trust and Investment Corporation Act of Japan

By Osamu Adachi & Takahiko Yamada, Posted: 29th January 2013 08:50
Investment funds established in Japan using an investment trust structure (the "Investment Trusts") or an investment corporation structure (the "Investment Corporations") are subject to the Investment Trust and Investment Corporation Act of Japan (the "ITICA").  The ITICA also governs investment funds established in other countries (su ... Read more...

The European Directive on Alternative Investment Fund Managers (AIFMD) and non-EU fund Managers

By Donnacha O’Connor , Posted: 23rd January 2013 10:11
July 22, 2013, the transposition deadline for the AIFMD, is a very significant date in the regulatory calendar, not only for EU managers of non-UCITS funds, but also for non-EU fund managers who are raising capital in the EU, or have aspirations to do so.   While the AIFMD applies to EU based fund managers and will subject many of them to mandatory registration w ... Read more...

An Introduction to Foreign-Invested Commercial Enterprises in China

By Dezan Shira & Associates, Posted: 22nd January 2013 09:30
Foreign-invested commercial enterprises, commonly known as FICE, are fast becoming an ideal way for foreign investors to enter China’s Mainland market. Previously, foreign companies could only form trading companies on their own if they registered in the country’s Free Trade Zones. However, as part of China’s WTO commitment to let foreign-invested enterprises exercise ... Read more...

China’s Current Business Environment: It’s Not Tough, Just Comply

By Dezan Shira & Associates, Posted: 15th January 2013 09:44
Recent media commentary has been suggesting that the business environment in China has worsened for foreign investors over the past year. Although China is still evolving as an emerging market, I disagree with the basic premise that it is becoming tougher, and even unwelcoming, to foreign investors.   A sense of foreign investors being singled out for specific ab ... Read more...

Chinese Outbound Foreign Direct Investment Faces Rigorous Scrutiny

By Dezan Shira & Associates, Posted: 14th January 2013 09:02
Times are changing for the global financial community. China was the largest investor in developing economies in 2010 and 2011, with total outbound foreign direct investment (OFDI) amounting to US$60 billion annually and projected to reach US$150 billion by 2015. Furthermore, Chinese leaders have now officially prioritized Chinese outbound investment over the historical ... Read more...

China Approves Plan for Creation of the Central Plains Economic Zone

By Dezan Shira & Associates, Posted: 7th January 2013 08:37
To support the balanced development of different regions within the country, China’s State Council officially approved the “Planning for a Central Plains Economic Zone (2012-2020) (guohan [2012] No.194, hereinafter referred to as the ‘Planning’)” on November 17, 2012. The proposed economic zone would cover the entirety of Henan Province, as well as ... Read more...

Main Corporate Trends Driving the Energy Practice

By Raposo Bernardo’s Energy Department, Posted: 3rd January 2013 09:54
The classical energies continue their normal growth rate, with a lot of regulatory work and some important transactions.  But it was the renewable sector, since about 2005, who gave rise to an irreversible boom in the energy market, leading to energy practice spin off as well as the creation of large specific departments in this area.  The renewable energy experienced a fantastic ... Read more...

Structuring Investments in China

By Maarten Roos, Tony Lu & Robin Tabbers, Posted: 17th December 2012 09:05
Continued uncertainty in Europe and the US is leading more international companies to expand activities in China, both in terms of sourcing, and – increasingly – by selling directly on the Chinese market.    The key question to this new boost of investment is how to optimally structure an investment int ... Read more...

China to Support Equity Contributions Through Scientific Results

By Dezan Shira & Associates, Posted: 10th December 2012 08:50
With the view to promote equity contributions made through scientific results and scientific innovations, China’s Securities Regulatory Commission (CSRC) and the Ministry of Science and Technology (MOST) jointly released the “Guiding Opinion regarding Capital Contributions in the Form of Scientific Results and Determination of the Relevant Equity Rights (hereinafter referred to ... Read more...

Da Nang Offers Massive Tax Incentives for Dutch Businesses

4th December 2012 10:07
Da Nang Hi-Tech Park is the newest among three high-technology zones in Vietnam, besides Hoa Lac Hi-Tech Park in Hanoi and the Ho Chi Minh City Hi-Tech Park. Da Nang City is calling for foreign investment in its hi-tech park by promising attractive incentives. The Vice Chairman of Da Nang Phung Tan Viet presented in front of the Dutch business representatives in an event ... Read more...

Intra-Asian Trade Flows to Help Global Economy Top US$100 Trillion by 2020

By Dezan Shira & Associates, Posted: 3rd December 2012 08:27
A report by the United Overseas Bank (UOB) of Singapore has indicated that the global economy will increase by 73 percent over the US$63 trillion seen in 2010 to reach US$109 trillion by 2020, with Asian trade flows one of the key factors contributing to this robust growth. Wit ... Read more...

China’s Long-term Plan to Import Thousands of Highly-Qualified Foreigners

By Dezan Shira & Associates, Posted: 30th November 2012 10:09
With the recent issuance of the “Circular on Issues of Facilitating Visas and Residence Permits for Highly-Qualified Foreigners’ Entry into China (MHRSS Circular [2012] No. 57),” more atte ... Read more...

China Overtakes U.S. as World’s Leading FDI Destination

By Dezan Shira & Associates, Posted: 26th November 2012 08:52
China surpassed the United States to become the world’s largest recipient of foreign investment in the first half of 2012, according to the Global Investment Trends Monitor released by the United Nations Conference on Trade and Development (UNCTAD) on October 23, 2012. For the first six months of 2012, global foreign direct investment (FDI) totaled US$668 billion, down 8 per ... Read more...

Keeping to core principles: Cameroon's success in satisfying IMF regulation

By Philip Forsang Ndikum, Posted: 23rd November 2012 10:27
Cameroon is a member of Communauté Economique et Monétaire de l'Afrique Centrale (CEMAC), a group of six countries with a common central bank, Banque des États de l'Afrique Centrale (BEAC).  The Commission Bancaire de l'Afrique Centrale (COBAC) is the national and supranational watchdog for finance within CEMAC. &nb ... Read more...

Uganda: Developing Infrastructure in Emerging Markets

By Brian Kaggwa, Posted: 22nd November 2012 10:05
Given the state of public sector resources around the world, governments seek to enhance resources by attracting private sector participation and Uganda is no exception.  Such participation may be somewhat unstructured but there is a changing trend with the establishment of formal systems.  Presently the Uganda Public Private Partnerships Bill is tabled before parliament awaiting ... Read more...

Guangzhou Releases Circular to Promote Development of MSMEs

By Dezan Shira & Associates, Posted: 21st November 2012 10:12
The Guangzhou People’s Government released the “Circular on Several Policies to Promote the Development of Micro, Small and Medium-sized Enterprises (MSMEs) (shuifu [2012] No.34, hereinafter referred to as ‘Circular’)” on November 1, which clarifies the preferential policies on supporting the development of MSMEs in th ... Read more...

Royal Mail Reports Profits

By Haider Ali, Posted: 20th November 2012 09:36
The Royal Mail have helped add to the minute feeling of glee that the UK’s economy may be picking up after reporting a gargantuan increase in profits after six months.   Significant to this was the growth in the number of parcel deliveries being made around the country.  However the bread and butter of the company has not bucked the trend and continued to decli ... Read more...

Oil Could Hit Highs Over Iran War

By Haider Ali, Posted: 16th November 2012 10:22
The reliance on oil for small businesses to function and help facilitate growth in economically advanced countries like the United States and the United Kingdom cannot be underestimated in today’s turbulent climate.  What nobody wants right now is a hike in prices, which is sure to be the case should the oil taps of Iran turn off as a response to attacks on their nuclear install ... Read more...

China to Join RCEP, Creating Massive Free Trade Area with ASEAN, India, and Japan

By Dezan Shira & Associates, Posted: 14th November 2012 09:29
China is set to commence negotiations to create a 16-nation trade bloc, known as the Regional Comprehensive Economic Partnership (RCEP), with its launch expected to be formally announced at the ASEAN summit in Phnom Penh later this month. The RCEP will include the 10 members of the Association of Southeast Asian Nations (ASEAN) plus China, India, Japan, South Korea, Australia and ... Read more...

Russia to Introduce Mandatory Language Test for Foreigners

By Dezan Shira & Associates, Posted: 13th November 2012 09:11
Foreigners who work in residential housing and utilities, retail trade, and services will be required to pass a basic Russian-language test under a bill that the State Duma approved on October 23rd in a key second reading. The head of the Federal Migration Service, Konstantin Romodanovsky, called the measure practical and rejected the idea that it was discriminatory. ... Read more...

Mauritius: Offshore Opportunities in 2012

By Graham Sheward, Posted: 7th November 2012 09:02
What factors are attracting companies and wealthy individuals to the Mauritius?    Mauritius is internationally recognised for its continuity of government and rule of law.  The island has enjoyed enduring political stability ever since gaining independence in 1968 with a democratically-elected government every five ... Read more...

Project Financing In India

By Tanuj Sud, Posted: 2nd November 2012 09:56
Introduction – Macro Economic Considerations/Initiatives for Project Finance:   With a Gross Domestic Product (GDP) averaging around 6-8% in the recent past, and growth prospects enhanced by progressive liberalisation and a relatively stable political and financial system, capital inflow and mobilisation in India continues t ... Read more...

Vietnam Releases Legal Document on Foreign Investment in Education

By Dezan Shira & Associates, Posted: 31st October 2012 10:00
Decree No. 73/2012/ND-CP regarding education management for foreign cooperation and investment was promulgated in September. Accordingly, the forms of foreign investment allowed in education include 100 percent foreign-capitalized educational institutions and associated educational institutions between domestic investors and foreign investors.   Foreign investors ... Read more...

Hainan as an International Tourist Destination

By Dezan Shira & Associates, Posted: 29th October 2012 08:47
Hainan Island, China’s smallest and southernmost province has lagged far behind others in the region in terms of economic development. In 2011, the region’s GDP reached RMB252.26 billion, making it the fourth smallest economy in the entire country. However, the province boasts enormous economic potential.   Labeled as the “Oriental H ... Read more...

Diligencing Transactions In Sub-Saharan Africa

By Hugh Naylor, Posted: 26th October 2012 11:54
As Europe suffers stagnant growth and the weak recovery in the US appears to be grinding to a halt investors and corporations continue to focus on the high growth opportunities presented by emerging markets.  Amongst these Africa is increasingly becoming a favourite.  Consistent growth over the last decade, albeit from a low base, combined with greater economic and political stab ... Read more...

Newly Adopted Turkish Commercial Code & Its Innovative Provisions on Mergers & Acquisitions, De-Mergers & Form Conversions

By Emine Basci Devres & Simge Akyüz, Posted: 25th October 2012 10:08
Due to their structures, mergers and acquisitions, de-mergers and form conversion transactions of corporations within the Turkish law system concern and comprise more than one field of law.   Within this broad legal spectrum, the concerned transactions have their reflections and consequences most common among others in law of obligations, commercial law, capital markets law and c ... Read more...

What Are My Options for Investment into India?

By Dezan Shira & Associates, Posted: 24th October 2012 10:50
Foreign investment into India can come in a variety of different legal entities. Your choice of entity depends on the kind of work you plan to do during your time in the country. Below we discuss the functions and establishment requirements of each of the five entities that can be established as a business enters India. Specifically, the five entities are as follows: ... Read more...

Foreign Investment In Tanzania

By Hon. Nimrod E. Mkono M.P. & Ofotsu A. Tetteh-Kujorjie, Posted: 19th October 2012 09:51
The United Republic of Tanzania, made up of Mainland Tanzania and Zanzibar, is endowed with substantial mineral wealth and has a population of close to 43 million people.  It is one of the most promising emerging markets in the region, offering a unique combination of developed economic infrastructure, a vibrant emerging market economy and a clear policy of openness to foreign investment. ... Read more...

Reforms in India: Government Clears FDI in Insurance and Pension

By Dezan Shira & Associates, Posted: 17th October 2012 08:49
The Government of India on October 4, 2012 approved moving the FDI cap in insurance to 49 percent while also approving the introduction of certain official amendments to the Pension Fund Regulatory and Development Authority Bill (2011). The decision has been taken by the Cabinet headed by the Prime Minister of India. Now, with the Cabinet approving the scheme, the Insura ... Read more...

Arctic Drilling: The New Oil Front

By Haider Ali, Posted: 5th October 2012 08:36
Drilling beyond the frozen shores of the Arctic was unfathomable for a variety of reasons from yesteryear. Logistical problems compounded with a lack of infrastructure all made the dream of searching for riches in this region very unfeasible. Throw into the mix the torrid winters, entrepreneurs would feel that investing there would not garner the returns shareholders and speculators would want.< ... Read more...

Reforms in India: Government Allows FDI in Multi Brand Retail

By Dezan Shira & Associates, Posted: 27th September 2012 09:41
The Indian government has allowed 51 percent foreign direct investment (FDI) in multi-brand retail, a major reform awaited by many multinational retail chains. The move permits global firms such as Walmart, Metro, and Carrefour to establish shop with a local partner and sell directly to consumers for the first time, which could transform India’s US$450 billion retail market and drop infl ... Read more...

Honda Expanding in the United Kingdom

18th September 2012 09:24
 The United Kingdom’s economy has received a much needed shot in the arm with the news that Japanese car giant Honda has decided to make a whopping investment of £267m. The investment programme at its UK car plant in Swindon will help create many more jobs in order to boost their production needs.   Upon the good news Honda said in a ... Read more...

Luxembourg: A Preeminent Jurisdiction For Structuring Your Investments

By Christine Beernaerts, Posted: 12th September 2012 09:41
I. Introduction   Luxembourg’s geographical size belies its long-standing tradition as an international hub for business.  By the end of 2010, Luxembourg had over EUR 2,199 trillion in net assets under management placing the country as the second largest fund centre in the world.  It is also f ... Read more...

Distribution - What You Need To Succeed In The Swiss Financial Marketplace

By Daniel Häfele, Posted: 10th September 2012 10:05
Possibly it is the much-lauded political stability, or maybe it’s the fine view over Lake Zurich or the excellent chocolate that attract investors in droves to Switzerland.  In any case, the Swiss financial centre is attractive to both international and domestic investors alike.  At year-end 2010 assets under management in Switzerland totaled around Sfr 5,50 ... Read more...

Emerging Asia Looking Attractive As China Data Looks “Rushed”

By Chris Devonshire-Ellis, Posted: 21st August 2012 08:55
As Emerging Asia releases its Q1 figures, there are a whole bunch of stats that spring out, not least the continuing GDP growth throughout the region. However, digging deeper, some surprising trends seem to e developing concerning China and the neighboring countries that are increasingly competing with it. I’m the first to admit I’m not an economist, so readers may ... Read more...

Investment Opportunities In Emerging Technologies

By Haider Ali, Posted: 15th August 2012 09:00
With the property bubble coming to an abrupt halt, turning to emerging technologies may be worth the ticket to long term financial gain.    With Apple having a chokehold on the technology market - having developed their existing products like the iPhone and the iPad into a successful series selling tens of millions of units worldwide - we h ... Read more...

Asset Tracing Within Corporate Funds

By Haider Ali, Posted: 8th August 2012 08:27
Tracing assets within corporate funds can quite rightly ruffle feathers.  Often bereft of sentiment, corporate guys with corporate funds interspersed with friends in high places can make it quite thorny for assets within corporate funds to be traced at all.  A lot is dependent on corporations and how they set up funds and for what purpose.   ... Read more...

How To Grow Your Business Globally

Q&A with Mona Pearl, Posted: 1st August 2012 09:32
1. What Are 3 Top Reasons Middle Market Companies Positioned For Growth In Global Markets?   Middle market companies are more flexible, innovative and able to change and adapt much faster than the large multinationals.  That is a combination of size, layers of management as ... Read more...

A new wave of FDI into Vietnam

By Rosario Di Maggio, Posted: 27th July 2012 10:04
Although it is still too early to tell, many observers agree that the worst of Vietnam’s economic dip is over, its economy will bounce back in the coming years, and a new wave of foreign direct investment is likely to flow into the country. We can definitely confirm a strong interest among foreign investors with regards to investment into Vietnam ... Read more...

FDI Opportunities in India’s Infrastructure Development

By Dezan Shira & Associates, Posted: 16th July 2012 08:42
The paramount indicator of a country’s economic status is measured by its GDP. India, the second-most populated country in the world with more than 1.1 billion people, has emerged as one of the fastest growing economies in recent years. It is a republic with a federal structure and well-developed self-governing judiciary with political consensus in reforms and stable democratic environme ... Read more...

North Dakota’s Black Gold

By Haider Ali, Posted: 13th July 2012 10:14
For decades on end North Dakota sat on the periphery as one of America’s states that was regarded as a sleeping giant.  Primarily it’s vast array of land made North Dakota a great opportunity for farmers to exploit its land for agricultural purposes.  But for the last ten years they have managed to have low employment rates and a booming housing ec ... Read more...

Co-Investing in China with Chinese Partners

By Chet Scheltema & Frank Yang, Posted: 10th July 2012 09:44
Foreign investors and domestic Chinese investors have traditionally been unable to co-invest in mainland business ventures, except by means of the joint venture or unofficially sanctioned structures. With the introduction of several new legal entities, this restriction has been lifted and foreign and domestic investors may now freely co-mingle their resources in one enterprise. These s ... Read more...

The United States Still The Economic Beacon of the World

By Haider Ali, Posted: 6th July 2012 09:10
European financial markets seem to be in a state of flux due to a variety of ingredients that have managed to combine to create a disastrous recipe of epic proportions.  Much of the economic policies coming out Germany have led to the likes of Spain and Italy, both economic powerhouses in their own right, head towards the path of bailout monies from the European Central Bank.& ... Read more...

Gold & Silver: Time To Invest In Metals

By Haider Ali, Posted: 29th June 2012 09:30
In the midst of economic tumult, the Bank of England is suggesting more “Quantitative Easing” to help alleviate a contracting economy.  Interspersed with low interest rates, which are only benefitting bankers who are lending to each other and not to small businesses; this is the recipe for an inflationary disaster.  Adding to the myriad of confusio ... Read more...

Jamie Dimon Smug In The Face of Senate “Grilling”

By Haider Ali, Posted: 27th June 2012 09:51
The Chief Executive was supposed to face an interrogation of sorts from senators comprised of both sides of the political spectrum looking for an explanation behind the two billion dollar trading loss by JP Morgan.  Instead we were left with a man at the peak of his powers in the financial world walking away with his reputation unblemished and feckless politicians illustrating ... Read more...

Vietnam Ranks Coastal Economic Zones

By Tran Que Chi, Posted: 18th June 2012 09:30
Under a classification scheme conducted by Vietnam’s Ministry of Planning and Investment (MPI) in order to prioritize investment, Chu Lai in Quang Nam and Dung Quat in Quang Ngai have been listed as the country’s first-rate coastal economic zones. Mr. Vu Dai Thang, head of the Economic and Industrial Zones Management Department under the ... Read more...

India’s Foreign Institutional Investor Inflows Highest Since 2001

By Dezan Shira & Associates, Posted: 13th June 2012 09:27
The current economic trends affecting the global market have not been overly positive recently, even in countries such as China and India. For the latter, GDP growth for of 5.3 percent for the January to March 2011-2012 period was the lowest in nine years. This was a bit of a surprise considering forecasts estimated a level closer to 6 percent. Although thi ... Read more...

SEBI Regulations 2012: Broadening the Horizon for Private Equity Funds

By Sofia Liska, Posted: 7th June 2012 09:58
The fund industry in India will soon enter the next phase of its evolution now that the Securities and Exchange Board of India (SEBI) has released the 2012 alternative investment fund (AIF) regulations, which they aligned to work with both international developments and the Indian economy. Little will change for funds currently governed by the venture capit ... Read more...

The Sharemarket Myth of the “New Normal”

By Martin Fowler, Posted: 6th June 2012 09:13
With the Australian share market oscillating in a trading range of around 4,000 to 4,400 points for several years now, it is little wonder that investors are beginning to doubt old rules of thumb in favour of the concept of the "new normal".  One increasingly common example is the multiple of earnings or price to earnings ratio (PE).  The price to ea ... Read more...

ASX Reforms To Boost Capital Raisings In Listed Small to Mid Cap & Resource Sectors

By Clive Cachia, Posted: 25th May 2012 10:23
The Australian Securities Exchange (ASX) is continuing to promote itself as a hub for global resource investment.  It is proposing several reforms to address the capital-intensive needs of small to mid cap energy and resources companies.  These include changes to the current capital raising and admission requirements.  The ASX has also provided useful advance ... Read more...

7 Secrets of Success for Real Estate Investors

By Al Cooper, Posted: 21st May 2012 08:50
There's a lot of money to be made in real estate, and since most don't like to see one percent returns on their bank CDs, many are starting to jump into the real estate investing game because of the nice returns. The problem with real estate investing is that if you make one wrong move, you could quickly be thousands of dollars in the hole. Like any industry, there are ... Read more...

China RO vs. FICE

By Dezan Shira & Associates, Posted: 14th May 2012 09:25
Recent changes to China’s tax treatment of representative offices (ROs) have started to infringe on the viability of using an RO as a vehicle for “investment” into China in terms of increasing financial pressure. While often stated as being an “investment” vehicle, alongside wholly foreign-owned enterprises (WFOEs) and foreign-invested commercial e ... Read more...

China Releases 12th Five-Year Plan for Foreign Trade Development

By Xiaolei Gu, Posted: 8th May 2012 09:07
China’s Ministry of Commerce released the 12th Five-Year Plan (FYP) for Foreign Trade Development last week, which aims at an annual growth of 10 percent during 2011-2015 and a total of US$4.8 trillion by 2015. The 12th FYP outlines the fruitful achievements made during the 11th FYP, analyzes the new domestic and international environment for foreign trade, and ... Read more...

Get Easy Online Money to Get Out of Debts

By Allen Smith, Posted: 25th April 2012 09:15
  To put it bluntly, who doesn’t want to earn a little extra money, especially, while dealing with an outstanding debt amount? Well, everyone, I guess.  One of these most efficient and reliable vehicle to achieve this goal is building and generating money online to pay off debts and ... Read more...

Brazilian Business Opportunities Under Updated Taxation System

By Gerd Foerster, Posted: 18th April 2012 10:22
Amongst the several advantages of doing businesses in Brazil, the most important are related to the Brazilian territorial size and its population.  Possessing an almost continental extension, being the fifth largest country of the world in area and with a population of approximately 200 million inhabitants, Brazil has a consuming market of more than 120 million people. ... Read more...

Treasury Departments are the First Line of Defense

By Tom Cleveland, Posted: 16th April 2012 09:51
At one time in the not too distant past, international commerce was primarily the private playground of large corporate enterprises.  Transaction sizes were large, supported by expensive “letter-of-credit” processes involving a host of bankers, lawyers, finance professionals, and shipping companies.  In today’s modern era of globalisation ... Read more...

Why triparty repo is the answer to your prayers

By Pascal Morosini, Global Head of GSF Sales and Relationship Management, Clearstream, Posted: 10th April 2012 09:47
Look after your P&L – receive collateral for your cash and re-use it for additional revenue The introduction of EMIR (and Dodd Frank), Solvency II, CRD IV, MiFID/MiFIR and others will require many systemic changes for all players in the financial market, both financial and non-financial institutions. The shock of the crisis prompte ... Read more...

Understanding Jersey Property

By Tony del Amo, Posted: 29th March 2012 12:37
Le Gallais & Luce traces its heritage back to the last years of the 19th century, making it almost certainly the oldest law firm in Jersey.  However, in order to survive, it has always ensured that its staff is on the cutting edge of changes to the law and the legal system. Today, approximately half of its turnover derives from p ... Read more...

2012 FII Inflows into the Indian Market

By Dezan Shira & Associates, Posted: 6th March 2012 09:54
Overseas investors have invested about Rs. 14,000 crore into the Indian equity market so far this month and experts expect this positive trend to continue in the future as well. Since the beginning of 2012, foreign institutional investors (FIIs) have infused a total of Rs. 24, ... Read more...

Global Investment Fund Industry Hit by A Regulatory Tsunami

By Marc Saluzzi & Susanne Weismüller, Posted: 5th March 2012 09:57
Since the outset of the financial crisis, the financial services industry has been faced with a host of regulatory initiatives, which it has to analyse, comment on as part of consultation procedures and finally put into practice.  The cumulative impact of various regulatory initiatives on the global investment fund industry is uncertain and should be analysed, in order ... Read more...

Choosing the Right Acquisition Vehicle: Delaware Limited Liability Companies as the Vehicle of Choice

By Steven Daniels & Faiz Ahmad , Posted: 28th February 2012 10:50
The choice of acquisition vehicle, and more broadly speaking the choice of investment structure, can profoundly impact a fund's experience with an investment in a variety of significant, and often economically relevant, ways.  Historically, most businesses were organized as corporations.  Over time, however, the trend ha ... Read more...

Consolidation of Investment funds expected to rise

By Kavita Patel & Andrew Stilton, Posted: 24th February 2012 13:02
It is likely that there will be a continuing move towards investment funds consolidation over the next few years, particularly venture capital trusts (VCTs) and conventional investment trusts. In the case of VCTs, this is likely to result, in part, from proposed changes to the VCT rules which were set out in the draft 2012 Finance Bill published in December ... Read more...

Guernsey: The leader in private equity fund administration

By Fiona Le Poidevin, Posted: 23rd February 2012 09:56
Guernsey has an investment fund industry with a heritage that stretches back half a century.  The sector has seen a gradual yet sustained shift where the balance of business has moved from being largely retail, equity-traded/cash-based schemes to predominantly institutional, alternate and niche funds.  This experience means that the Island has built a wealth of expertise ... Read more...

The History of Private Equity & Venture Capital

By Jake Powers, Posted: 20th February 2012 09:24
Investors have been acquiring businesses and making minority investments in privately held companies since the dawn of the industrial revolution.  However with a few exceptions, private equity in the first half of the 20th century was the domain of wealthy individuals and families. Early H ... Read more...

Shenzhen and Xiamen Further Encourage Equity Investment

By Dezan Shira & Associates, Posted: 17th February 2012 12:07
Local governments of several Chinese coastal cities are offering further incentives to equity investment enterprises, as private equity (PE) investment has emerged as one of the most important capital-raising avenues for small and medium-sized enterprises in those areas. Shenzhen: PE Development Fund ... Read more...

Professional Officers - a well-established regulated status in the Isle of Man

By Ita Mc Ardle, Posted: 16th February 2012 10:21
AIFMD - Isle of Man assured and confident that it can be part of the structure from initiation. In the wake of the financial crisis that exploded from 2008 onwards and the effects of that on funds one issue has been the subject of harsh exposure.  That is the corporate governance of funds suffering exposures and, more pa ... Read more...

When will the Property Freeze begin to Thaw

By Claire Keeney, Posted: 15th February 2012 10:10
Given European wide austerity measures and economic uncertainty, it is expected that 2012 will be a difficult year for the commercial and retail property fund sectors.  The sovereign debt and financial crisis continues to negatively impact financial markets, specifically within Euro dominated countries in the Eurozone.  Relative inaction by some European policymakers app ... Read more...

Private Equity in Luxembourg

By Nicolas Palate , Posted: 14th February 2012 09:59
Despite the current economic slowdown, Private Equity remains a key feature of the economic landscape, playing a major role in the business economy as it represents a fundamental source of support to unlisted companies, throughout their lifecycle.  It also permits direct and indirect investment in and promotion of innovation and new technologies, and as a result stimulates growth ... Read more...

Shadow Banking by Investment Funds

By Steven T. Kolyer, Posted: 13th February 2012 09:52
The scope and volume of credit and credit intermediation services being provided by banks and banking institutions has been going through a period of stress and contraction while the need for such services continues to exist and, in many markets, grow.  Opportunities exist, and will continue to expand, for non-banks – particularly private, unregulated funds a ... Read more...

Regulatory Developments in the marketing of securities and financial services within Bahrain, Kuwait and the UAE

By Zeeshan A. Ahmedani & Salim Azzam, Posted: 9th February 2012 10:40
Introduction Foreign firms marketing securities to local investors in countries of the Gulf Cooperation Council (the "GCC") (in particular, Bahrain, Kuwait, Oman, Qatar and the  United Arab Emirates) are subject ... Read more...

Gibraltar – Regulatory changes

By James Lasry, Posted: 8th February 2012 10:02
After nearly seven years, Gibraltar’s Experienced Investor Fund regime is being updated and modernised in a continuation of the partnership between the industry, the Financial Services Commission (the FSC or Regulator) and the Government of Gibraltar.  Prior to 2005, Gibraltar’s fund industry comprised a handful of funds regulated under the, then, F ... Read more...

Private Equity: Can Responsible Investment Deliver Enhanced EBITDA?

By Malcolm Preston, Lauren Koopman & Phil Case, Posted: 2nd February 2012 10:29
The evolution of the sustainability agenda Corporate response to sustainability issues has evolved as companies recognize the fi­nancial impacts.  Sustainable development - the notion of being able to continue current operations indefinitely - requires the concurrent management of economic ... Read more...

Investing in Australia

By Robyn Schofield, Posted: 1st February 2012 10:17
With a flat corporate tax rate of 30% (applying to both revenue and capital gains), Australia is far removed from the zero or low tax jurisdictions traditionally considered to be "tax havens".  Nonetheless, the Australian Government has long desired to establish Australia as a financial services hub and the past decade has s ... Read more...

A New Avenue- a new beginning for QFIs

By Prachi Loona & Dhaval Vussonji, Posted: 27th January 2012 10:45
In a move to boost investments and increase investor base in times of significant foreign outflows and rupee volatility, in August 2011, Qualified Foreign Investors (QFIs) were allowed to invest in the units of mutual funds.  This was taken a step further when the Finance Ministry vide its press release dated 1st ... Read more...

Recent key developments – securities finance

By Svetlana London, Alexander Yurchik & Victoria Semernaya , Posted: 26th January 2012 10:47
  Introduction Looking back over the past three years we can see that the securities legal framework is constantly improving in Russia.  Various changes and innovations were introduced in 2009 – 2010.   ... Read more...

Irish Funds Industry Update

By Andrew Bates, Posted: 24th January 2012 09:40
Notwithstanding the ongoing international economic crisis, the Irish funds industry continues to thrive with latest industry statistics highlighting that Irish domiciled fund assets have now passed the Euro 1 trillion mark.  New fund launches have steadily increased, with many existing industry participants launching alternative type ... Read more...

Why India Matters

By Dezan Shira & Associates, Posted: 18th January 2012 09:48
Much has been made of comparisons between China and India, much of it driven by the fact that the two nations are (occasionally reluctant) neighbors, their size, population and simultaneous development and progression. For two nations so large, sometimes at polar opposites, yet at the same time offering potentially comparable market sizes, is unprecedented in history. ... Read more...

Venture capital vital to our nation's hi-tech survival

Dr Katherine Woodthorpe, Posted: 12th January 2012 10:40
The vital role that innovation plays in our nation’s development is, rightly, well recognised. But what is not well understood is how management expertise and capital move ideas and concepts from laboratories, garages and backrooms into innovative, commercially viable products and services, adding to the economic well-being ... Read more...

2012 Foreign Investment Industrial Guidance Catalog Promulgated

Dezan Shira & Associates, Posted: 5th January 2012 10:28
China’s National Development and Reform Commission and Ministry of Commerce promulgated the 2012 Foreign Investment Industrial Guidance Catalog on December 24, 2011, which will take effect from January 30, 2012. The new Catalog replaces the previous version released in 2007. ... Read more...

The changing face of the BVI

By Calum Mckenzie, Posted: 14th December 2011 09:51
The BVI has long been recognised as the ‘go-to’ domicile for the incorporation of offshore companies. There is no question that this can be attributed in large part to the basic tenet of the jurisdiction being tax neutral, highly cost efficient and offering a good degree of privacy within which to conduct business affairs. However many other far less successful jurisdi ... Read more...

China Looking Forward – Road Bumps Ahead

By Chris Devonshire-Ellis, Posted: 30th November 2011 10:54
This is my executive summary following the Economist Newspaper’s annual China Summit in Beijing. Kindly note the views expressed are my own, and are derived from my own experience of running a MNC business in China, as well as taking into account comments made during the summit. They do not reflect the views of, are not contributed to, and are not endorsed by the Economist Group ... Read more...

Best Practices to Structure Investments into China

By Maarten Roos, Posted: 22nd November 2011 10:33
Part I: How to choose between a Representative Office, a Joint Venture and a Wholly-owned Subsidiaries In 2008 when the global financial crisis struck, European companies put on hold most of their plans to develop the business in China – preservation of cash was a greater priority. The recent unc ... Read more...

Singapore as a Holding Domicile for Your China Operations

By Chris Devonshire-Ellis, Posted: 21st November 2011 09:42
Both Hong Kong and Singapore provide viable domiciles for a holding company…But what are the differences? Singapore doesn’t usually come onto the radar for most folks when it comes to holding China investments, but in the changing dynamic ... Read more...

Doing Business in Paraguay 2011

By Oscar A. Mersan , Posted: 17th November 2011 10:20
The Financial Times Business Ltd., stated in “The Banker Supplement” September 2010 Edition: “PARAGUAY: GREEN AND GROWING” and the Sudameris Bank of the Abbey Group inserted in said Supplement an ad highlighting titled “THE SUN S ... Read more...

Cayman Islands Lead The Way For Change

By Anne Todd , Posted: 16th November 2011 10:58
2010 – 2011 was a very busy period for the advisory committee and legislators who engaged in amending the Cayman Islands Companies Law with an eye to removing the stumbling blocks which have troubled lawyers and clients alike in recent times.  The Companies (Amendment) Law, 2011 (the "Law") resolves these issues and some of the most important changes are highl ... Read more...

Investing In Belgium - Even In Times Of Crisis

By Thierry Afschrift, Posted: 15th November 2011 09:23
The global economic crisis is primarily due to the financial crisis which started on 2007, before reaching its higher point during the second half of 2008. As for the purely financial crisis, it attacked the capacity, and will, of the banks to lend money, a fact that had negative repercussions on the consumers and, generally, on the economic activity. ... Read more...

SEC Approves NASDAQ's BX Venture Market- a New Listing Option for Smaller Companies

By Michael R. Littenberg , Posted: 14th November 2011 09:43
The NASDAQ OMX Group recently received approval from the SEC to launch its new listing market, the BX Venture Market.  The BX Venture Market is intended to serve as a new listing alternative for early stage and smaller companies that do not qualify for a NASDAQ Capital Market listing, bridging the gap between the over-the-counter markets and NASDAQ's existing listing venues. ... Read more...

Contemplating a listing in Hong Kong via a reverse takeover? Keep HKEx close to avoid disappointment

By Conrad Chan & Vivian Tse, Posted: 10th November 2011 09:29
Hong Kong’s proximity to the PRC market, sound legal system and regulatory framework, free flow of capital and advanced clearing and settlement infrastructure have made it an attractive listing place for companies which have strong PRC connections or are planning to tap into the PRC market. There are various ways for compani ... Read more...

Inefficiency Within The Private Equity Mid Market

By Céline Fillistorf, Posted: 9th November 2011 10:28
Private Equity is associated with a number of things - illiquidity, excess remuneration, high returns and high risk, exclusivity, entrepreneurship, Facebook, and the list goes on depending whom one asks.  The asset class has been around long enough to be firmly established as a leader in the investment arena, producing higher long-term performance than any other asset class. & ... Read more...

THE TIGER STOPS ROARING: What is Happening with Chinese Public Companies?

By Lance Jon Kimmel, Posted: 2nd November 2011 11:05
One of the bright spots on the public company scene in recent years has been the rise of Chinese companies going public in the U.S. The sheer size of the ever-growing Chinese domestic market was certain to present an almost endless supply of companies with millions of dollars of predictable revenue and profit.  It seemed too good to be true and by mid- to late-2010, it started to ... Read more...

Understanding Italy’s many-sided economy, and catching investment opportunities.

By Ichino Brugnatelli e Associati, Posted: 31st October 2011 10:10
Although Italy is often considered as a peripheral Country, its economy is still one of the most developed in the world.  It employs millions of people across diverse industries: no need to list world famous Italian brands and products. Thanks to its mild climate, natural beauty and rich history and culture, this Country is t ... Read more...

Restrictions on M&A Transactions under German Foreign Investment Law - A Brief Guide

By Nico Abel, Posted: 26th October 2011 10:32
For many decades, Germany has consistently experienced significant inbound investment and it is widely recognised that foreign investment has been a considerable contributor to growth and prosperity in Germany.  Investment from the US has always been strong and continues to account for a large share of foreign investment.  More recently, cash rich strategic investors fro ... Read more...

Takaful opportunities in Europe: A global growing phenomenon

By Sohail Jaffer, Posted: 21st October 2011 09:34
While the financial sector is recovering slowly, Shari’ah compliant finance is rising as one of the fastest growing segments of global finance.  Estimated at USD1trillion currently, the alternative finance has been growing exponentially at double digit rates for over a decade and has spread across all financial components including insurance.  The nascent insur ... Read more...

Adding Insult to Injury: Investors in Madoff Feeder Funds Are Targets For Claw Back Suits

By Timothy W. Mungovan, Stephen LaRose and Joel Cavanaugh, Posted: 5th October 2011 09:07
Investors in Madoff feeder funds who redeemed capital prior to the disclosure of the fraud in December 2008 (“Redeeming Investors”) face increasing litigation risk.  While almost three years have passed since the Ponzi scheme was exposed, Redeeming Investors should not assume that the passage of time has reduced their litigation risk.  Redeeming Inves ... Read more...

Portugal – Investment hub for emerging economies

By Catarina Goncalves, Posted: 21st September 2011 10:42
Economy diplomacy will play a big part on the recovery of the Portuguese economy for the next few years.  Portugal is focused on positioning itself as a hub for investments in emerging economies, such as Angola, China, India and Brazil, given the existing strong historic links, not to mention the same language in some of the cases. Strong treaty ... Read more...

Concerns Grow over China’s Presence in Europe

20th September 2011 10:00
Both Chinese and European newspapers have been reacting strongly to a land purchase plan in Iceland announced recently by Chinese industrialist Huang Nubo, but in different ways. While Chinese newspapers put up proud headlines highlighting the potential deal that would take up a staggering 0.3 percent of Iceland, European countries questioned whether the business plan is a purely commerci ... Read more...

Romania – Emerging Market with “Tax Appeal”

By Andrei Dumitrache, Posted: 19th September 2011 10:00
Whenever called to give a few words on doing business in Romania, I always dedicate a substantial part of that to the Romanian corporate tax system.  The reason is besides any personal bias, Romania does not lack a certain “tax appeal” making it a desirable target for entrepreneurs with an appetite for emerging markets.  ... Read more...

Macroeconomic Evaluation of China’s Consumers

By Simon Sheung and Lena Xia of Asia Briefing, Posted: 16th September 2011 10:10
With China’s economic rise, a new type of consumer is being born. Incomes are rising, consumers are feeling increasingly optimistic about their financial futures and new consumer demographics are emerging. The Global Financial Crisis in 2008 had caused economic downturn in most of the world, yet it did virtually nothing to c ... Read more...

Establishing a Foreign Investment Commercial Enterprise in China

By Dezan Shira & Associates, Posted: 31st August 2011 09:17
As part of its World Trade Organization accession process, China ratified regulations that permit foreign companies to establish fully operational wholly foreign-owned enterprises that can distribute, act as an agent, retail and wholesale domestically, source domestically, and import and export, and as of 2005, do so all over China.  These companies, known as foreign-invested com ... Read more...

China Revises Foreign Investment Catalog

Dezan Shira & Associates, Posted: 24th August 2011 09:10
Following the principles in the State Council document “Opinions on Further Improving the Work of Utilizing Foreign Investment,” China’s National Development and Reform Commission (NDRC) has recently added a number of changes to the “Foreign Investment Catalog.” Initially introduced by the NDRC and the Ministry of C ... Read more...

Italy – How to take advantage of an undoubtedly profitable marketplace

By Carlo Fossati, Franco Tofacchi & Maria Clavarino, Posted: 8th August 2011 10:39
Italy normally reminds you of not worrying, being happy, easy life-style, and, if anything, holidays.  It is still a destination reached by people from all over the world either for business or for leisure or, possibly, for both.  Furthermore, it has one of the highest per capita incomes in Europe, especially in its most affluent regions.  Sounds like you can be ... Read more...

Impact of the Private Fund Investment Advisers Registration Act on Non-U.S. Private Fund Managers

By Jason E. Brown and Lisa M. Ragosta, Posted: 3rd August 2011 11:56
Non-U.S. private fund managers traditionally had been exempted from registration as investment advisers with the U.S. Securities and Exchange Commission (“SEC”) due to the “private adviser exemption” under Section 203(b)(3) of the Investment Advisers Act of 1940 (the “Advisers Act”).  Under this exemption, an adviser was ... Read more...

Establishing a WFOE

27th July 2011 11:39
The wholly foreign-owned enterprise has become the investment vehicle of choice for the international investor wanting to manufacture service or trade in China.  In addition to the WFOE’s expansive business scope, its unrivaled popularity arises from multiple other factors:   100 percent foreign ownership and ... Read more...

Islamic Insurance: Takaful concept and outlook

By Ahmed Ali Alvi & Samer Hijazi, Posted: 20th July 2011 10:09
The need for Islamic Insurance: The growth of conventional life and non-life insurance remains underdeveloped in the Muslim world. This is because conventional insurance incorporates several elements that are outlawed by the Shariah. For instance, it has an element of gharar, or uncertainty, embedded in th ... Read more...

Private equity in the energy market

By Kavita Patel, Posted: 27th June 2011 13:38
Corporate finance has a huge part to play in the success of the UK energy market not least because bank funding can be difficult to obtain for renewable projects – it is common knowledge that major UK banks have shown a reluctance to be involved in this market.  Combined with the fact that there are very exciting profits available, Martineau’s city-facing Corp ... Read more...

Mid-market blooms: Opportunities in the Indian SME space

By Nusrat Hassan & Santosh Pai, Posted: 22nd June 2011 11:48
Small and Medium Enterprises constitute almost 90% of the industrial enterprises in India.  Together they contribute 45% of the country’s industrial output and 40% of its total exports.  This vast segment is comprised of private enterprises which report annual turnover figures between Rs. 10 crore (US$ 2.2 million) and Rs. 700 crore (US$ 155 million).   ... Read more...

Social Policy Provisions of the Dodd-Frank Act Create Compliance Difficulties for Public Companies

By Robert L. Kohl, Posted: 12th May 2011 18:42
Two sections of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), which attempt to implement social policy goals by means of public company disclosure, will impose particularly costly compliance burdens on these companies.    & ... Read more...

What does the future project for investment in new technology?

By Nasareo Lazzaro, Posted: 18th April 2011 21:35
Modern day technology has had a massive impact on the way we live our lives and is constantly developing and changing the world around us.  The people behind the latest technological advancements are usually backed by wealthy investors and high profile institutions.& ... Read more...