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The cost of infrastructure development is very high in transition economies like Slovakia, where money needs to be spent on rebuilding the pension and healthcare systems, as well as on reforms of the education, legal and social systems. Governments usually draw revenue from taxes and privatizations. There is also help coming from the European Union's structural funds. But that's not enough to meet the ambitious plans of building highways across the whole country to offer investors good transport routes. In Slovakia, the construction and operation of infrastructure has until recently been the domain of the public sector (and has been financed with public revenue through taxes). However, the idea of including the private sector in government projects came from successful projects in many EU countries, and the Slovak government has decided to follow suit.

The Portuguese financial sector is regulated by three different entities, each with powers to supervise a specific industry: the Banco de Portugal, for the banking industry; the Comissão do Mercado de Valores Mobiliários (or CMVM), for the securities and investment services industry and the Instituto de Seguros de Portugal (or ISP) for the insurance industry.

Singapore Exchange Limited (SGX) has proposed new listing rules aimed at enhancing the competitiveness of its securities market.

Presently, venture capital funds (VCF) registered with the Securities and Exchange Board of India (Sebi) are permitted to invest in equity and equity-linked instruments of offshore venture capital undertakings, subject to a ceiling of $500 million.

The leasing market in Bosnia and Herzegovina (BiH) has experienced a high growth rate over the past few years despite the absence of adequate legislation. Leasing agreements have been regulated by the Law on Obligations and Law on Ownership of the BiH constituent entity (the Federation of Bosnia and Herzegovina ("FBiH") or the Republika Srpska (RS)) where the leased property was located. Since these laws were not fully adapted to the demands of the leasing market, the legal rights of the parties to leases remained unclear.

Corporate counsel lose legal privilege

Up all night calling investors

How to structure the fund of tomorrow, onshore and denominated in renminbi

Equity China National Building Material Company raised $340 million through a Hong Kong share placement last month. The placing of new and existing H shares represents 19.9% of the existing H share capital of the PRC state-owned construction materials producer. Slaughter and May's Hong Kong office acted for CNBM on the placing. Benita Yu and Celine Koh led the team. The firm previously represented CNBM in its initial public offering in May 2006. Linklaters advised placing agent Morgan Stanley in the transaction.

US lawyers defend rules-based system