Central & South America

NEW MORATORIUM LAW OF 2014

By means of Law 25 of October 28th of 2014, is granted to the taxpayers, the opportunity of paying the taxes owed on their corporations and foundation of private interest that are not updated, with an exemption of 100% on fines and surcharges imposed up to the 30th September by the General Directorate of Income, until December 31st, 2014.

The government of the Republic of Panama has granted this incentive with the objective of cancelling all the fees due to date.

The omission in the enjoyment of this benefit would result in a 10% surcharge and an additional penalty interest of 2% per month or fraction from January 1, 2015.

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International Lawyers Network Welcomes New Member in Brazil, KLA-Koury Lopes Advogados

New York (October 10, 2014) – On Friday, the International Lawyers Network announced that they welcomed KLA-Koury Lopes Advogados as a representative for Brazil, joining long-time ILN member, Nehring e Associados.

KLA is a young and dynamic full-service law firm, established in 2002 by a select group of talented and highly qualified former partners and associates from some of the most prominent law firms in Brazil, who decided to join efforts and combine their expertise in an innovative endeavor and fresh philosophy on rendering legal services. More…

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Reforma a mercado de distribución de gas por redes incluiría revisión tarifaria en 2015

Autoridad estudiará la integración de empresas, cruce de propiedad y acceso de otros comercializadores a mercado del GN. Proyecto de ley estaría listo el próximo año.

Dentro del diseño de la Reforma al Modelo de Mercado que se hará el próximo año, participarán los mismos equipos que hoy están a cargo del mecanismo y los procedimientos para activar la fijación tarifaria, que hoy no está definida en la ley, y el análisis de la rentabilidad de las empresas. Entre ellos hay especialistas del Banco Mundial (BM), técnicos de la CNE y expertos como el académico y ex ministro Alejandro Jadresic; Gabriel Bitrán, Juan Pablo Montero, Javier Velozo y Andrea Butelman. More…

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CNE expuso sobre cambios regulatorios del gas

El proyecto de ley se espera que esté listo en octubre de esto año,
para presentarlo a comienzos de 2015.

Sobre los pasos a seguir Andrés Romero explicó que se está trabajando con un grupo intergubernamental, conformado por el Ministerio de Energía, la CNE, el Ministerio de Economía y la Superintendencia de Electricidad y Combustibles. También participa un grupo de expertos, entre ellos, Juan Pablo Montero, Alejandro Jadresic, Javier Velozo, Gabriel Bitrán y Andrea Buttelman, además del Centro de Regulación y Competencia de la Universidad de Chile y el Banco Mundial. More…

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Cascadas: Citigroup Global Market presenta recurso ante Corte para que SVS cierre su procedimiento sancionario

Ambas partes ya habían solicitado al regulador que declarara la caducidad de las operaciones, y éste lo rechazó por medio de un oficio reservado. More…

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Financial Services Authority of Seychelles

With effect from the 1st March 2014, the Seychelles International Business Authority (“SIBA”) has been replaced by the Financial Services Authority (the “FSA”), with the coming into force of the Financial Services Authority Act 2013 (the “FSA Act”). The FSA’s new website is: www.fsaseychelles.sc.

While SIBA was both a regulator and a facilitating agency with an outward looking mission to promote Seychelles to the world, the FSA’s mission is predominantly to monitor, supervise and regulate services providers involved in non-banking financial services, which include corporate service providers, trust companies, foundation services providers and other regulated entities falling under the remit of other non-banking financial services legislation.

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Part 2. New regime of Substantial Ownership in the DR

2. Brief International Positions on the Substantial Ownership and Effective Control

2.1. US

As for the United States of America, briefly explained, there remains the restriction for foreigners to participate in the ownership and control of United States airlines, for only shares with voting rights up to 25% of its share capital could be held by non-US.

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Chile creates new stock exchange for start-up companies

Fecha de publicación: febrero 21, 2014

Fuente: Latin Lawyer

1344566105_pdf Chile creates new stock exchange…

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Part 1. New regime of Substantial Ownership in the DR

aila With this post I start a series of 5 posts that will look into the new regime of Substantial Ownership of national airlines adopted in the Dominican Republic, by virtue of Law 67-13, which modified Law 491-06.

The complete series will be divided in 5 short titles:

1. History of substantial ownership and effective control

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Dos nuevos socios en Aninat Schwencke & Cía.

Fecha de publicación: noviembre 15, 2013

Se trata de Rodrigo Ugarte y Arturo Costabal.

Fuente: Revista Capital

1344566105_pdf  Capital Legal, dos nuevos socios

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