Over the last few decades, Oman has been far less exposed to economic vagaries than its regional and global counterparts, principally due to its prudent economic and fiscal policies and early recognition of the need for economic diversification and strengthening of non-hydrocarbon sectors. This approach has focused on areas where the country has...
In the early 1990s Peru changed its overall economic model, transitioning from a state-run, closed, over-regulated and nationalistic economy to an open, investment-friendly free market. From then on, the growth and development of the country started to depend more on private sector performance and less on what the state could or would do.
The Peruvian legal framework continues to develop along the same lines as in the last two decades, promoting foreign investments and competition, while attempting to include the poorest groups in the country’s economic growth. The following text highlights some of the most important recent changes, which have occurred in the areas of mining,...
What immediate reforms in the judicial system would address congestion in the courts and accessibility to litigants?
Prior to the enactment of the Corporation Code in 1980, corporations did not have the express power to merge or consolidate. Nevertheless, this lack of express statutory authority did not deter corporations from concluding de facto mergers or consolidations that enjoyed not only considerable popular support but also explicit judicial recognition....
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