Chile: Chile Moves Closer to OECD Membership

On December 15, 2009 the OECD invited Chile to become its second member in Latin America after Mexico. Chile will formally accept this invitation when an Accession Agreement is signed in the presence of Secretary-General Angel Gurría and…

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Jordan: Prime Minister Encourages Foreign Investment

Samir Rifai, Jordan’s Prime Minister, in speaking with the Jordan Security Commission, said the new income tax law will encourage local and foreign investments and will not be a law focused on “collection”, adding that there will be…

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Australia: ASX Corporate Governance Principles and Recommendations – proposed changes

The Australian Stock Exchange has published a communique in which it sets out a proposal to amend the Corporate Governance Principles and Recommendations to require listed companies, on a comply or explain basis, to adopt and disclose a…

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Canada: Policing Canadian Companies Actions Aboard

In quite staggering fashion, and on the basis of a private members bill no less, the Canadian House of Commons is considering a  bill to withhold federal investment dollars (in the form of loans and loan guarantees from…

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Brazil: Residential Property Mortgages for Foreign Investors Coming

Financial impediments for foreign investors come in many shapes and sizes.  In this instance, Brazil is acknowledging the problem of a dearth of residential mortgage lending, to foreigners looking to acquire a home in Brazil.  Although in theory…

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South Africa, Not Yet Participating in EU Economic Partnership Agreements (EPAs)

South Africa is wary of the obligations that the EU is imposing on trading partners within its Economic Partnership Agreements.  The EPAs result, claims South African Trade and Industry Minister Rob Davies, in inconsistent trade rules between the…

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