Deeds, not words: Honduras is prepared to attract more
investments (*)
Within the structure of the National Investment Promotion
Program, Honduras has defined a new Legal and Institutional
framework to attract and protect investments.
By means of this program the country offers to domestic and
foreign investors a package of laws among which we find The Law for
the Promotion and Protection of Investment and the PPP´s
Law.
With The Law for the Promotion and Protection of Investment that
has been recently approved by the National Congress and has been
signed by the President of the Republic during the event
"Honduras is Open for Business," the state declares the
promotion of investment as a primary concern.
This law provides new tools that enable...
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In recent months Argentina has been experiencing both formal and informal additional foreign exchange restrictions both to purchase in the country and to transfer foreign currency abroad.
Through two new regulations, the Ministry of Economy and the Central Bank reduced the terms for the liquidation of foreign exchange proceeds from exports.
Until March 30, 2012, Brazilian
financial institutions did not require the approval of the
Brazilian Central Bank or other authorities to directly or
indirectly invest in the capital stock of other legal entities
either in or outside Brazil.
On April 24, 2012, the Board of
Directors of the Central Bank of Brazil (Banco Central do
Brasil – Bacen) decided to adopt new rules for
merger and acquisition (M&A) transactions involving two or
more financial institutions or other similar entities duly
authorized to operate in Brazil by Bacen, and from now on Bacen may
require that the efficiency gains resulting from this type of
operation be shared with the consumers.
The "Novo Mercado" is a listing segment created by the Brazilian Securities, Commodities and Futures Exchange ("BM&FBOVESPA S.A – Bolsa de Valores, Mercadorias e Futuros" – BVMF) and designed for shares issued by companies that voluntarily undertake to abide by good corporate governance practices and transparency which are more rigid than those already required by the Brazilian legislation and by the Brazilian Securities and Exchange Commission ("Comissão de Valores Mobiliários" - CVM).
By means of Decree No. 7683, of
February 29, 2012 (Decree 7683/2012), published in the Official
Gazette of the Union of March 1st, 2012, the Brazilian
Federal Government decided to increase from two to three years the
term of the foreign currency loans which are subject to the tax on
exchange transactions (IOF) at the rate of 6%.
On April 25, 2012, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) issued CVM Instruction No. 521 (CVM Instr. 521/2012), regulating the activity of credit risk rating (classificação de risco de crédito) in the Brazilian securities market, with emphasis on registration and recognition requirements, information disclosure, and rules of conduct and internal controls of the credit rating agencies (CRAs).