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Japanese M&A is healthier than you think

The new Finnish Audit Act (Act 459, April 13 2007) and related legislation entered into force on July 1 2007. The Act implements Directive 2006/43/EC, the Statutory Audit Directive, on statutory audits of annual accounts and consolidated accounts, ensuring transparency and quality assurance for statutory audits, and statutory auditors' independence within the EU. The Act also features some small amendments based on national needs and further introduces the international auditing standards adopted by the EU, aiming to achieve a maximum degree of harmonization in all statutory audits throughout the EU.

The most interesting legal stories are often found where a growing economy meets a trenchant or awkward legal system. Here are six of the most fascinating from around the world

Proposed changes to Rules 144 and 145

How to blend civil and common law

Establishing a western-style court

How companies can make sure they deal effectively with shareholder activists

The amended Real Estate Investment Trusts Act (the Reits Act) was passed during the parliamentary plenary session held on June 20 2007. The amendments to the Reits Act will be effective from October 2007.

Home, sweet home

Deal leaves bondholders in the cold