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Private equity firms, Bain Capital and Thomas H Lee Partners have completed the acquisition of Clear Channel Communications.

Those keen to enter the attractive world of Romanian real estate should listen up, says Roxana Negutu of Voicu & Filipescu

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

The very different approaches to disclosing contracts for difference in the UK and US

The most obvious effect of reform is to help domestic funds in China. But foreign funds are also finally being allowed onshore

Rejection of the turnpike PPP would have far-reaching implications

Romania's Accession Treaty to the European Union contains the commitment to transpose and implement, among others, Directive 2005/60/CE on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, as well as Directive 2006/70/CE, which lays down implementation measures for Directive 2005/60/CE regarding the definition of a politically exposed person, the technical criteria for simplified customer due diligence procedures and exemption on grounds of a financial activity conducted on an occasional or very limited basis.

In 2006, the Monetary Authority of Singapore (MAS) and the Ministry of Law launched a joint public consultation on the proposed changes to the unsecured credit rules and the proposed application of these rules (with appropriate modifications) to moneylenders. In 2007, the MAS conducted another consultation on exemption for financial institutions from the maximum credit limit when granting credit to individuals with greater financial means. Following feedback received from the public, the MAS and the Ministry of Law published draft legislations for unsecured credit rules for financial institutions and unsecured lending rules for moneylenders respectively in the Consultation Paper (December 2007) for public comment.

Ana-Maria Miron and Mihaela Ioja of NNDKP offer an overview of the post-EU accession tax regime operating in Romania's real estate market

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.