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Why Hong Kong is the venue of choice for Chinese IPOs

The new Slovenian law on takeovers has been adopted, with the principle goal of implementing Directive 2004/25/EC on takeover bids. Although it follows the main principles of the former Slovenian law on takeovers, the new Takeover Act provides a highly structured set of takeover rules, resolving the ambiguities of the former law. Also, some of the guiding principles were given greater priority, such as the protection of minority shareholders. The Takeover Act includes an elaborate provision on acting in concert, the scope of its application is extended to certain non-public corporations, the threshold limits requiring a mandatory bid for all shares remain low, and buyout remedies are provided for minority shareholders. Lastly, the Takeover Act did away with provisions that were drafted for the specific economic circumstances of a country undergoing a transition process, providing special status to certain quasi state funds.

Similar to the worldwide trend, financial institutions in Turkey are increasingly willing to outsource their financial services, prompted by the need for expertise in the fast-developing information technology sector and cost-efficiency concerns. This trend is also driven by improved foreign investment into the Turkish banking and financial system – foreign investors prefer to set up outsourcing arrangements in Turkey similar to those in their countries or in other jurisdictions where they do business.

In rendering a delisting decision, an Indonesian stock exchange consults with the listing committee for its opinion. If the shares of the listed company are delisted, all types of securities of that listed company will also be delisted from the stock exchange. To decide a delisting proposal, the stock exchange reviews and examines statements and documents submitted by the listed company or other information. It not only takes into account the formal aspects, but also considers the substance of the requirements and the listing committee's opinion.

Romania has enacted legislation to provide a transparent process for public procurements and concessions, promoting competition among economic operators and supporting investments in public projects.

The Financial Instrument Market Law 1995 was recently amended, clarifying the regulatory framework for share buyouts in Latvia.

The Ministry of Finance and Economy (Mofe) in Korea recently announced that the Bill on Financial Investment Services and Capital Markets will be submitted to the National Assembly before the end of 2006.

Cyprus has amended the Cypriot Companies Law to implement Council Regulation 2157/2001 on the statute for a European public limited company, otherwise known as Societas Europaea (SE). The way is now clear for the registration of the first Cypriot SEs.

India is the only country in the world with a ministry – the Ministry of Non-Conventional Energy Sources (MNES) – established exclusively to regulate the development of renewable energies for national development. India ranks fourth among the world leaders in wind power capacity, after Germany, Spain and the US.

Since 2004, the PRC government has adopted various macro-control measures over the real estate market. However, these measures proved to have limited impact partly because of the lack of control over foreign investment.