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Effective as of July 1 2008, the Czech Republic has transposed into its national legislation Directive 2004/39/EC on markets in financial instruments (Mifid) and Directive 2006/73/EC, implementing Mifid as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of Mifid. The transposition has been effected mainly by way of a complex amendment of the Capital Markets Act. The amendment was promulgated on June 30 2008 (only one day before its effective date), with a delay against the deadline of January 31 2007 for the transposition of Mifid into national legislation. The respective provisions of the national legislation should have been applicable as of November 1 2007.

Foreign investment in Romanian private equity is continuing to grow and to inform management, says Cosmin Stavaru of Bulboaca & Asociatii

Foreign direct investment can be a key factor in a country's ability to achieve economic development, increase employment or increase exports. Attracting foreign investment is of special importance for countries like Bosnia and Herzegovina (BiH), whose transition from a socialist economy to a market economy has been disrupted by conflict. With awareness of this need, BiH is constantly trying to improve its business climate to attract foreign investors.

Reforms by the SEC may discourage companies from talking to agencies

The problem is, you have to convince someone that sukuk are normal bonds

How to create confidence in contracts through the ideas of three philosophers

Banks badly need capital. It can come from private equity if regulation is liberalised

Neither courts nor judges can agree on how insider rules should be implemented

The new structures being used in the wake of Aaoifi comments on sukuk

The recent history of public tenders governed by the State Tender Law has seen controversial developments in Turkey. These resulted in the enactment of a new system in 2002 that initiated a highly restrictive and cumbersome set of rules under the Public Tender Law and related regulations. Unfortunately, the new mandate merely covered the area of public tenders for purchase of goods and services by public institutions from real estate contractors and service providers. Consequently, the old regime established under the State Tender Law remained in force with respect to the sale, barter and leasing of the real property owned by the treasury or under state control, and for the establishment of easement rights on public properties (collectively the Tenders).