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Liability management in China is being restricted by offshore rules. In India, it's the exchange rate. Both may be forced to change

From a pre-1991 position of rigorous regulation, India's foreign direct investment (FDI) has increased exponentially with gradual liberalisation of the economy post-1991, culminating in a boom post-2000. With the paradigm shift in its foreign investment policy, India has become one of the most attractive FDI destinations in the world, drawing nearly $99 billion in investment from 1991 to 2008.

Although most changes are minor, the Acquisitions Directive is very important. It establishes a transparent process for assessing a takeover across the entire EU

An overview of the British Virgin Islands' court system, with some interesting case studies, by Andrew Willins of Appleby

Just two years since Vietnam's accession to the World Trade Organisation (WTO), preparation for further and comprehensive reform in the country's telecommunications sector has been unveiled in the recently released draft law on telecommunications.

Prepare for lift off

Keith Robinson of Appleby follows a case study of hedge fund litigation to demonstrate Bermuda's litigation scene

In October 2008 the Swedish FSA (SFSA) revoked Sweden's largest investment bank's licences to conduct various banking business. Following the SFSA's decision, the Swedish Government, through the Swedish National Debt Agency (SNDA), seized ownership of the bank. Ten minutes after the decision to revoke the licences, the SFSA changed its decision to include only a warning and hence returned the licences to the bank, which allowed it to continue its business. The bank was then owned by the SNDA whereas its former owners – the shareholders of the publicly traded parent company to the bank – were left empty-handed.

The Korean National Assembly passed the amended Monopoly Regulation and Fair Trade Act (MRFTA) of South Korea on March 3 2009. One result of this amendment, among others, is that the deadline to file a pre-closing business combination report with the Korean Fair Trade Commission (KFTC) has been abolished.

In order to meet the transposition deadline of March 21 2009 and to bring into force the laws implementing Directives 2007/44/EC and 2007/64/EC amending Directive 2006/48/EC on the taking up and pursuit of the business of credit institutions, several amendments to the Banking Act have been adopted and entered into force on March 28 2009.