Legal Framework

I made a presentation to a group of potential private investors from Asia 15 years ago when they were exploring business opportunities in Latin America and had concerns about Peru’s regulatory framework and legal stability, especially the rules governing foreign investor rights. At that time, our legal economic framework had recently been...

According to the economic climate index (ICE) compiled by the Economic Research Institute of the Munich University (IFO) and The Getulio Vargas Foundation of Brazil (FGV), Peru ranked as the second-best economic climate. In the near term, private investment in Peru may reach its highest level in 25 years. Because of these indicators, it is important...

The Turkish economy has emerged from the world’s most recent financial troubles relatively unscathed. That, coupled with its image as a star performer among emerging markets, has made the country a favourite destination for foreign capital. As a result of both this inflow of foreign capital and the accumulation and livening of domestic capital, the amount of large-scale...

In keeping with the country’s growing social needs and the breakneck pace of technological advances that the world has seen since the turn of the century, the need to amend and improve major codes in the law has become indispensable as of late. The government has been very active in trying to keep the legal environment current, and has introduced...

In corporate management, as in other aspects of life, the simplest way to promote responsible behaviour is to ensure accountability. The new TCC, in its overhaul of the commercial landscape, will initiate serious changes towards facilitating good corporate governance. It will introduce a legal regime that will require clarity in the assignment...