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Air Berlin recently registered as a UK plc before listing in Germany. It can only be a matter of time before another German company does the same, say Volker Triebel and Christopher Horton

Alexander Cohen warns of the impact of Section 404 of Sarbanes-Oxley on non-US companies

The recent Paul Davidson case shows how badly the FSA needs to make its enforcement reform work, says Philip Parish

The new Slovenian law on information society services, as stipulated in the Electronic Commerce in the Market Act, recently entered into force and fully adopts into Slovenian law EU Directive 2000/31/EC on electronic commerce, thereby correcting deficiencies in the current Electronic Commerce and Electronic Signature Act and the Consumer Protection Act. The new Commerce in the Market Act eliminates the shortcomings of the current regime, which does not sufficiently regulate relations in electronic commerce between contracting parties who are not consumers. The latter could not rely on adequate legal certainty under the old law.

New rules regulating conflicts of interest and the duties of confidentiality and disclosure entered into force on April 25 2006. The rules form part of the Solicitors Practice Rules 1990 as Rules 16D and 16E, replacing Chapters 15 and 16 of the Guide to the Professional Conduct of Solicitors.

On May 30 2006, the Serbian president signed into law the Takeover Act (Official Herald of the Republic of Serbia, 46/06), the first systematized legislation in Serbia of takeovers. The Act came into force on June 10 2006.

Recently adopted changes to the civil law of Latvia transpose the requirements of EU Directive 2000/35/EC on combating late payment in commercial transactions. Previously if the interest rate was not determined by the loan contract, it was considered that the interest rate set by law had been implicitly agreed to. Also, in other kind of agreements if the rate of interest was not determined, it was deemed that contracting sides had agreed on the interest rate set by law, determined as 6%, which had not been changed since 1937 when the civil law was adopted.

The Ministry of Construction and Transportation (MOCT) in Korea announced the proposed amendments to the existing Real Estate Investment Company Law (Reits Law) on June 13 2006. The main purpose of the amendment is to streamline the process of establishing a Reit and to relax regulations on its business operations in order to reinvigorate indirect investments in real estate in Korea. If the amendments are approved by the National Assembly, it is expected that they will be effective as of 2007. Some of the main terms of the amendments are as follows:

Vural Günal and Hakan Hanli of Pekin & Pekin outline Turkey's new Banking Law and how the banking authority is implementing the Basel Basic Principles

Robert L Tortoriello of Cleary Gottlieb Steen & Hamilton explains the guidance available on US anti-tying rules and considers the compliance and operational risks facing investment banks and how to manage them