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Why the European Commission's attempt to amend the law on contractual obligations will raise the ire of English lawyers, by Stuart Dutson

Mark Johnson and Tim Edgar set the enforcement challenge of Hong Kong's SFC in an international context

Last year, the Electricity Generating Authority of Thailand (EGAT) was corporatized on June 24 2005 by conversion to a public limited company. Two Royal Decrees were published, one stipulating powers, rights and benefits of EGAT pcl, and one repealing the Electricity Generating Authority of Thailand Act.

Entrepreneurs in Switzerland thinking of selling the businesses they have built up over a lifetime can relax again. So can the Swiss MBO and LBO market. After a heated two-year debate, the Swiss parliament has finally fixed up the mess that was created by the Swiss Supreme Court in its controversial decision rendered in June 2004.

The Government Emergency Ordinance 45/2003 on local public finance (GEO 45) allows municipalities to conclude short-, medium- and long-term loans with internal and external contracting parties, to finance public investments of local interest or refinance local public debt.

A new Securities Act (Official Gazette of RS, 47/06) will apply from December 11 2006 in Serbia. The main reasons for the revisions to the Securities Act are its rather vague and often unresolved provisions and the fact that the Act is not fully harmonized with general corporate and financial laws in Serbia.

The parliament of Latvia recently passed its new Public Procurement Law 2006.

Alan Beller, former head of the SEC's division of corporation finance, talks to Ben Maiden about his part in a regulatory revolution

No one quite knows what is going to happen with Mifid, the Markets in Financial Instruments Directive. It was supposed to improve the efficiency of the single market in Europe by removing some of the drawbacks of the previous regime, the Investment Services Directive. But the aims seem to have got lost in the implementation.

From July 1 2006, any enterprise invested directly by the State-Owned Assets Supervision and Administration Commission (Sasac) will be supervised and managed by Sasac in connection with its investment activities, including fixed assets investment in China, acquisition of property rights and long-term equity investment. This is pursuant to the Supervision and Administration of Investment of Enterprises Invested Directly by Sasac Tentative Procedure (the Procedure), which has been promulgated to lower investment risk and standardize investment activities by state-invested enterprises with the aim to maintain and increase the value of state-owned assets.