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

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

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.

In-house counsel give their honest opinions on fair value, Sox, ratings agencies and the future of CDOs

Hungarian legislation on the employment of foreign workers has been amended several times in recent years. In general, the employer has to apply for a work permit before it intends to employ a foreign worker in Hungary. However, several exemptions from this rule now exist due to Hungary's admission to the EU. The new provisions of Decree 8/1999 of the Minister of Social Affairs and Labour on the Occupation of Foreign Workers and Act IV of 1991 on the Promotion of Employment, entered into force on January 1 2008.

Look to financial laws, not the rhetoric about Tibet

But managers need to know what it means

The Baltics are privatising essential industries, but still retain a degree of control. Zilvinas Zinkevicius, Ermo Kosk and Martins Gailis of Lawin ask how far governments will open the doors to investors

The Latvian-Dutch tax treaty makes tax planning easier in the volatile Latvian market. It is an ideal solution, says Sindija Lasmane of BDO Zelmenis & Liberte

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