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As part of the continuing changes in Bosnia and Herzegovina's (BiH) laws as it moves towards the EU, the parliament has adopted the Public Procurement Law (Procurement Act). The EU's Public Procurement Programme for Bosnia and Herzegovina assisted with implementing the new law, by preparing guidelines and organising seminars and programmes for the new officers of the Public Procurement Agency and Public Review Body. The Procurement Act is based on EU policies designed to ensure that public funds are used in the most cost-effective and transparent manner, and to ensure fair and active competition among potential suppliers; the Agency estimates that each year KM27 million ($21.2 million) is paid in bribes to public officials involved in public tenders.

The awards results from Asia and Europe. Linklaters will be very happy, but it didn't have the best cufflinks

The much-disputed issue of the unconstitutionality of Article 510d of the Civil Procedural Code was recently submitted to the Constitutional Court. In the past several First Instance Court judges have been reluctant and indeed some have refused to apply that article, citing different grounds. Until this case was brought to the Constitutional Court no unified decision with a binding effect which had been passed, to provide guidance as to how the article should be interpreted.

UCLA professors Lynn Stout and Iman Anabtawi argue that activist hedge funds should have fiduciary duties

Last night, Shearman & Sterling won law firm of the year at the IFLR Americas awards at the Waldorf Astoria in New York

The Aeroméxico takeover shows that the Mexican system can cope with hostile takeovers, say The M&A Group at Creel y Garcia-Cuellar

There is a danger that regulation will slow down deals, argues Kiro Kirov of Cerha Hempel Spiegelfeld Hlawati

Ukrainian developments will lead to fund growth according to Lavrynovych & Partners

How Linklaters justified its international firm of the year award

IFLR tips its hat to muffins, jelly beans and cufflinks shaped like insects