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The new Slovenian Public-Private Partnership Act entered into force on March 7 2007. The new Act systematically regulates the system in which government services and private business ventures are funded and operated through a partnership between government and one or more private sector companies. The Act implements Directive 2004/18/EC on the coordination of procedures for the award of public works contracts, public supply contracts and public service contracts and next to "construction works concessions" regulates also "service concession", which is entirely excluded from EC secondary legislation.

As of February 1 2007, an amendment of the Slovak Commercial Code, published in the collections of laws under number 19/2007, came into force. The amendment: (i) tightens the obligations of companies with respect to their company seats, (ii) regulates the voluntary publication of data and deeds in languages other than the Slovak language with respect to third parties, (iii) relates to entrepreneurs who offer their goods or services on the internet, and (iv) stipulates some changes with respect to joint stock companies.

In March a record number of lawyers from around the world were rewarded as part of IFLR's annual awards celebrations. Read all about all the winners in Europe, the Americas and Asia

Why so many companies renegotiate M&A

Australia wrestles with the disclosure of equity derivatives

ABS takes off in eastern Europe

United States

Ravi Kulkarni, Haigreve Khaitan and Avaantika Kakkar of Khaitan & Co say the many opportunities available in India make it an ideal destination for venture capital

Law 247/2004 on the capital market and Regulation 32/2006 issued by the Romanian National Securities Commission (NSC), regarding the financial investment services, which replaced the Regulation 15/2005, stipulate the principle of freedom to provide investment services and activities within the territory of Romania by the investment firms authorised in a member state of European Union.

The main purpose of investment companies is to acquire and sell investment assets with funds from the placement of shares representing its capital stock among investors; likewise it can contract services and carry out activities contemplated in the law upon which it is based (the Investment Companies Law). Given the importance of this figure, the structure and organization held by the bulletins and provisions issued by the National Banking and Securities Commission, the latter has decided to enact the General Provisions Applicable to Investment companies and the persons who render Services thereto in order to achieve the compilation and update of the earlier provisions which regulated such companies, thereby seeking at all times to encourage compliance and observance. These provisions general provide: (i) a new classification of investment companies; (ii) an assessment of risk coverage and maximization of earnings; (iii) that the operation of financial derivative instruments allow a better diversification of the assets of the company; (iv) for the accounting standards to adjust to national and international standards; and (v) to establish requirements to help obtain better financial information.