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Liability concerns have scuppered the new type of prospectus in the US

Nini N Halim of Hutabarat Halim & Rekan Lawyers explains new legislation that should help foreign acquisitions in the country

Mark-Oliver Baumgarten and Désirée Wiesendanger of Staiger Schwald & Partner explain how Switzerland's unique regulation affects banks, investors and transactions

Adrian Bulboaca of Bulboaca & Asociatii explains how private equity transactions could take off in Romania

By Johan Kleyn, Jan Louis Burggraaf and Gerard van Solinge of Allen & Overy

Effective as of July 2 2007, the Act on Investment Incentives, which forms the legal basis of the regime of investment incentives in the Czech Republic, has been modified. The original wording of the Act has been effective since May 1 2000, introducing a programme of granting of state aid in eligible regions in accordance with Article 87(3), parts (a) and (b), of the EC Treaty. This regime has been preceded by active support for investments in advanced industrial technologies, implemented in 1998 on the basis of a government resolution. The current regime based on the Act includes corporate income-tax relief, job-creation and training grants, and the transfer of land with infrastructure or owned by the Czech state at a discount.

In addition to the Financial Instruments and Exchange Law (the FIEL) effective September 30 2007, the Japanese Diet has amended various other laws to better protect the interests of consumers who engage in financial transactions. Several of these laws impose additional requirements on persons or entities that regularly engage in sales and other activities involving financial instruments (Financial Transaction Entities) for the benefit of consumers.

The Act is patchy, staggered and costly. It may also, ironically, increase litigation

Nathalie van Woerkom and Carlos Pita Cao of AKD Prinsen Van Wijmen outline Dutch efforts to be more fund-friendly

The Ministry of Economy and Finance recently enacted Circular 63013 of June 22 2007 addressed, inter alia, to regions, cities and provinces pursuant to which such entities should not issue delegations of payment in connection with their derivative transactions.