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Declining stock prices and liberalised takeover rules encourage public-to-private transactions in Finland, say Jan Ollila and Anders Carlberg of Dittmar & Indrenius

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A Rosetta Stone for investors

The system may not be able to adjust to liberal capitalism

Economic interests are preventing the EU from restricting Russia's oil and gas monopoly

A new section to IFLR surveys in-house counsel and private practice

EMEA Austrian firm CMS Reich-Rohrwig Hainz has merged with finance boutique Dallmann & Juranek. The two firms will combine under the CMS banner, and will have 120 lawyers across nine countries. The move comes after Reich-Rohrwig launched offices in Slovenia and Serbia earlier this year.

Turkish law provides shareholders of a joint stock corporation with certain rights fairly typical of those found in virtually all corporate codes throughout Europe and North America. These include voting rights in general assembly of shareholders' meetings, rights to collect dividends, pre-emptive rights, the right to subscribe for new shares, and the right to collect liquidation proceeds. While some of these rights are strictly attached (that is, personal) to the shareholder, some of them are also available to pledges of shares or usufruct rights holders.

On December 10 2007, Dubai issued the Joint Properties Ownership Law (Number 27 of 2007, the Dubai Strata Law) contemplating the rights and obligations pertaining to jointly-owned properties (also known as condominiums or strata property). The law applies to jointly-owned property such as apartments, townhouses and master planned villa communities.

Debt Three firms have advised on the first ever shariah-compliant mandatory exchangeable sukuk issue. Linklaters advised the issuer Tabreed on the Dh1.7 billion ($463 million) sukuk, while Allen & Overy advised the arrangers Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered Bank. Walkers advised the Cayman Islands special-purpose vehicle.