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Size of in-house teams and the percentage who expect to grow over the next year UK law firms look set to suffer a blow to the level of work they receive from in-house legal departments. More than half (58%) of the FTSE 350 in-house legal teams surveyed in a report by accountancy firm Grant Thornton plan on increasing the size of their departments over the next 12 months. As a result of this growth, in-house counsel intend to further develop their specialist knowledge, forcing legal firms to adapt to a changing marketplace.

Why companies in both Europe and Asia are looking to the equity-linked market for growth capital

Mexico's new player

Legislative Decree 163 of April 12 2006 (the Decree) on public contracts for works, services and supplies pursuant to Directives 2001/17/EC and 2004/18/EC entered into force on July 2 2006, replacing Legislative Decree 157/1995 and some other related items of law.

Citigroup argues for international regulatory cooperation

Make sure you read the articles of association

In operating specific manufacturing business in Indonesia, there are times when the price of raw material can soar, especially in the period approaching Idul Fitri or Christmas. In such times, manufacturers do not have many options. The high price of raw material causes immediate increase in cash fund needs and results in an imbalance in cash flow. To maintain the flow of production, manufacturers usually seek loans from indirect shareholders, because obtaining a bank loan takes time. As with any other type of loan, the loan from the indirect shareholder applies interest, which is usually charged at the interest rate applied by the manufacturer's creditor bank.

Recently released figures on foreign direct investment (FDI) into Cyprus reveal some interesting features. After rising by 10% in 2004, estimated FDI increased by a further 7% in 2005, to C£541 million.

Microsoft's Greg McCurdy talks to Ben Maiden about plans to increase private antitrust lawsuits in Europe

The Capital Markets Law, and the secondary legislation of the Capital Markets Board (CMB) are the primary sources of legislation governing the Turkish capital markets. Accordingly, mutual funds in Turkey are established pursuant to the Capital Markets Law and CMB's regulations. Under the Communiqué Regarding Mutual Funds, 12 different types of mutual funds can be established in Turkey: (i) bonds and bills funds; (ii) stock funds; (iii) sector funds; (iv) participation funds; (v) group funds; (vi) foreign securities funds; (vii) gold and other precious metals funds; (viii) composite funds; (ix) liquid funds; (x) variable funds; (xi) index funds; and (xii) private funds. The CMB recently announced that amendments to the Communiqué might be made to allow the establishment of hedge funds as a new type of mutual fund in Turkey. The envisaged amendments relate only to the establishment of hedge funds in Turkey and will not affect the sale of foreign hedge funds or other foreign mutual fund units.