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Ancuta Leach Ioana Iordanescu The former Romanian enactment regulating public-private partnership (PPP) was repealed in June 2006, only four years after its adoption. The enactment had been criticised largely on account of certain of its provisions deviating from the principles enshrined in the Romanian Constitution and overlapping with some of the then existing provisions applicable to concessions and public procurement.

Sweden has, a bit late for some reason, now implemented the Payment Services Directive 2007/64/EC (the Directive). The Ministry of Finance, which is responsible for the implementation of the Payment Services Directive, presented a draft Government bill (lagrådsremiss) on March 9 2010. On June 22 2010, the parliament decided to adopt the new Payment Services Act (Lag (2010:751) om betaltjänster – the Act). It entered into force on August 1 2010.

Though some have raised doubts about an instrument that relies on private residential loans, many expect the new structure to be successful

The new French banking act includes a framework for a novel type of covered bond

Zeynep Lale Mustafa Yazgan Turkey has been dreaming of a nuclear power plant (NPP) on its soil since the early 1960s. Although several tenders have been held since that time, not one has come to fruition. Because the establishment and operation of an NPP is a more delicate and complicated process than for any other type of power plant, NPPs require a comprehensive and detailed legislative framework. It has been a long, drawn-out adventure, and the end is not yet in sight.

Emma Tooley

Dovetailing with the momentous economic reform that has been taking place in Syria over the past few years, the Syrian banking sector has witnessed a number of reforms starting with the enactment of Law No 28 in 2001 that, after forty years of state monopoly, established the framework for private banking activity.

The Lower Mekong River basin is attracting increasing interest on the part of developers of mainstream hydropower projects.

Daniel Futej Rudolf Sivak The target which Slovakia has to reach by 2020 is to produce 14% of energy from renewable resources (currently about 8.7%). The basic legal framework is governed by the Act on Promotion of Renewable Energy and High-Efficiency Cogeneration No 309/2009 Coll. (RES). This is a so-called feed-in tariff law providing for certain support scheme. As of May 1 2010, with respect to requirements for the building of facilities producing energy, an amendment came into effect which requires that a certificate about the compliance of the investment with the long-term energy policy is issued also for facilities producing electricity from solar sources with a capacity of 100KW and more.

Freddy Karyadi Oene Marseille On August 31 2010, the 2003 regulations were replaced when the Ministry of Finance issued the Regulation of the Minister of Finance of the Republic of Indonesia No: 153/PMK.010/2010 regarding Ownership of Shares and Capitalization of Securities Companies. This measure is in line with the General Principles of the International Organization of Securities Commission (Iosco) which provide that in relation to the developing potential risk borne by securities companies, increase of performance of securities companies needs to be conducted continuously with adherence to the prudence principles, such as the original structure of capitalisation and its maintenance.