Search results for

As of May 20 2006, the Austrian Takeover Amendment Act took effect, implementing the EU Takeover Directive and substantially changing Austrian takeover law, in particular as to mandatory offer requirements. As part of the reform, a new Minority Shareholders Squeeze Out Act has been implemented, allowing a shareholder who owns directly or indirectly 90% or more of the stated capital of the target a squeeze out of the minority. The main changes to the Takeover Act (TA) include:

The Bank of Albania (BoA) formulates, adopts and implements the foreign exchange policy of Albania and maintains a supervisory role in foreign exchange activities in accordance with Law 8269 of December 23 1997 (On the Bank of Albania), Law 8365 July 2 1998 (On banks in the Republic of Albania) and the Regulation on Foreign Exchange Activities 101 of December 10 2003 (FX Regulation).

Peter Ollier explains why the firms with longevity are winning the work on Russian equity listings in London

Although a new law creating Italian covered bonds could prove restrictive, Marco Lantelme argues that some banks may begin issuing them by the end of the year

New rules to encourage placements by institutional investors in India will stimulate the domestic markets, says Cyril Shroff

The way is now open for foreign investors to take over Chinese companies. The question is how the authorities will react to a high-profile deal, say David Boitout and Raphael Chantelot

A scam to impersonate retail investors in an IPO is very worrying for India's developing capital markets, says Sandeep Parekh

The key to Russia's booming economy seems obvious: energy. Oil prices have moved steadily higher and demand for gas has increased all over Europe in the past few years. Even if these two price pressures lessen, scarcity of supply suggests that Russia's economic future is secure.

Cleary and Debevoise reap rewards of SEC turnover A busy year of senior-level arrivals and departures continued for the SEC, with law firms providing the most common recruiting grounds and destinations for departing officers.

Although with its recent recodifications Ukrainian law has developed into a generally satisfactory legal system, some significant problems remain. In particular, Ukrainian law imposes a number of drafting requirements applicable for loan, credit and similar agreements between foreign lenders and Ukrainian borrowers (hereafter, loan agreements) that are unusual and that, unless satisfied, risk causing the invalidation of loan agreements with foreign lenders. Two such important special requirements are that an agreement between a foreign lender and a Ukrainian borrower must be in the Ukrainian language as well as the language of the lender, and any such agreement must contain an express clause on its duration.