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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 UK rules were rushed and should not be permanent. The US wasn't much better

Structured finance documentation has been revealed as inscrutable and ambiguous

On June 4 2008, the Seoul High Court (Court) handed down a decision on a criminal case brought by the Prosecutor's Office concerning a leveraged buyout (LBO) transaction. This was the third and final decision after the case was taken to the Court by the Korean Supreme Court on two occasions. The heart of the issue was the question of when a director may be held liable for a breach of fiduciary duty in the context of approving financial arrangements commonly used in LBO transactions.

How the international organisation convinces securities commissions to change their rules

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

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

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