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After the recent boom, the Baltic states are experiencing a slowdown. But Sven Papp, Girts Lejins and Irmantas Norkus of Raidla Lejins & Norcous are hopeful about the future

Only offer your exchange-traded fund in France if it harmonised under EU law

But managers need to know what it means

If credit holders have agreements allowing banks to sell a mortgage or pledge for an unlimited price and now face foreclosure, they should seek a good lawyer's advice. But it is better not to sign such agreements in the first place, argues Armands Rasa of BDO Zelmenis & Liberte

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

The Baltic economies offer many opportunities. It is up to investors to make the most of them, say Natalja Sidorenko of Luiga Mody Hääl Borenius, Eugenijus Filonovas of Foigt & Partners Regija Borenius, and Lauris Liepa of Liepa, Skopina Borenius

Romanian laws governing negotiable instruments (that is, bills of exchange, promissory notes and cheques), drafted in 1934, have not been substantially amended since their entry into force. So the current methods of processing a negotiable instrument in Romania do not differ from the methods used in 1930, especially in relation to bills of exchange and promissory notes. While the technology applicable in the banking sector and especially in relation to non-cash payments has evolved, Romanian banks have been unable to make use of any modern means to process a negotiable instrument. The current legal provisions do not grant legal value to the presentment for payment of an electronic copy of a negotiable instrument. Instead the presentment of the original instrument is required.

Russian targets are easy to acquire but a lack of takeover defences makes them vulnerable

Look to financial laws, not the rhetoric about Tibet

The FSA can't regulate short selling. Best to increase disclosure of securities lending