Editorial IFLR


EDITORIAL Managing editor: Lucy McNulty lmcnulty@euromoneyplc.com +44 207 779 8596


Editor: Danielle Myles dmyles@legalmediagroup.com +44 207 779 8381


Staff writers: Gemma Varriale gvarriale@euromoneyplc.com +44 207 779 8740


Ryan Bolger rbolger@euromoneyny.com +1 212 224 3407


Ashley Lee ashley.lee@euromoneyasia.com +852 2842 6915


Divisional director: Danny Williams Managing director: Tim Wakefield Head of sales: Richard Valmarana Production editor: Richard Oliver Sub editor: Phil Taylor


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Associate publisher Latin America Roberto Miranda rmiranda@euromoneyplc.com Tel: +44 207 779 8435 Global ex Lat Am Denny Squibb Tel: +852 2842 6945 denny.squibb@iflrasia.com Business Development – Europe & North America Liam Sharkey Tel: +44 (0)207 779 8384 lsharkey@iflr.com


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This report states the law as at December 1 2012. It is not a substi- tute for detailed local advice.


It is presented as a special supplement to the December/January 2013 issue of International Financial Law Review © Euromoney Institutional Investor 2012.


For additional copies of this supplement and more information on International Financial Law Review, including a sample copy, call Richard Valmarana, on Tel: +44 20 7779 8154; or e-mail: rvalmarana@legalmediagroup.com


Directors: Sir Patrick Sergeant, The Viscount Rothermere, Richard Ensor (managing director), Neil Osborn, Dan Cohen, John Botts, Colin Jones, Tom Lamont, Diane Alfano, Christopher Fordham, Jaime Gonzalez, Jane Wilkinson and Martin Morgan.


Focusing on a wide spread of investment targets, from Indonesia and Mozambique to Panama and the UAE, it outlines the investment opportunities and disadvantages in some of the world’s newest markets. The chapters in this guide will help investors looking to these jurisdictions.


We hope you find this guide a helpful resource and one you turn to often


Lucy McNulty Managing editor


international financial law review


Nestor House, Playhouse Yard, London EC4V 5EX e-mail: [initial][surname]@euromoneyplc.com Customer service: +44 20 7779 8610


Nestor House, Playhouse Yard, London EC4V 5EX e-mail: [initial][surname]@euromoneyplc.com Customer service: +44 20 7779 8610


New markets, new rules


Foreign direct investment (FDI) into emerging and frontier countries has remained a significant engine of growth even as the global economic picture has weakened.


Indeed, according to a recent survey by the World Bank’s Multilateral Investment Guarantee Agency, FDI to developing countries is expected to rebound in 2013 to exceed pre-2008 highs.


The December 2012 World Investment and Political Risk report notes that foreign investments into developing markets are estimated to have reached $600 billion in 2012. While 2013 flows are pre- dicted to increase to $700 billion.


Until recently, Southeast Asia was the greatest beneficiary of FDI. But Latin America and the Caribbean are fast pulling ahead, seeing a 35% increase in FDI in 2011.


What’s more, the financial crisis has meant that many jurisdictions are loosening their regulation of FDI. India is perhaps the most recent example here, with the country’s beleaguered coalition government this month winning a major battle to allow foreign multibrand retailers to open shop in the country.


But FDI rules in other countries remain as strict as ever. The continuing sovereign debt crisis and recession in the eurozone present their own fair share of new challenges.


This IFLR supplement presents all the legislation, regulation, rules and legal issues for companies looking to invest in emerging and frontier markets in one place.


www.iflr.com


IFLR|FOREIGN DIRECT INVESTMENT 001


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