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David Bernstein argues that SEC initiatives to increase disclosure might not help investors as much as first appears

Davis Polk & Wardwell and Milbank Tweed Hadley & McCloy scored roles on India's largest IPO to date. Reliance Petroleum raised Rs 270 billion ($600 million) to finance the construction of the world's largest refinery complex. Milbank Tweed, through lead partner Tom Siebens, acted for the underwriting group which was led by JM Morgan Stanley and DSP Merrill Lynch in Mumbai. Davis Polk was international counsel to Reliance, supported by Junnarka & Associates on matters of Indian law. The underwriters used Khaitan & Co for local law advice and Amarchand Mangaldas acted as special counsel to the transaction.

The new Slovenian Companies Act entered into force on May 4 2006. With this reorganization of company law, Slovenia has achieved full harmonization with the acquis communautaire in the field of company law. The new Companies Act also introduces changes urged by a broad range of scholars, entrepreneurs and companies.

The Serbian Ministry of Finance has prepared a new foreign exchange law that aims to loosen restrictions on cross-border money transfers while leaving the current structure generally intact. The draft law is awaiting parliamentary debate and could be enacted shortly.

"How will hedge funds affect the deals I work on?" It is a question more and more lawyers are being forced to ask themselves.

The recent ruling in Eurofood provides some welcome clarification on whether Italy or Ireland was the appropriate jurisdiction for the company's insolvency, say Jeremy Cole and John Tillman

A new Article 100-bis has been introduced to Legislative Decree 58 of February 24 1998 (the Financial Services Act) to regulate the circulation of financial instruments, initially subscribed by institutional investors, to retail investors (pursuant to Article 100(1)(a) of the Financial Services Act).

Thiha Tun argues that, despite some additional disclosure, there is a real possibility hedge funds will begin listing in London

Critics fear that registering hedge fund managers won't safeguard investors or the economy. Ben Maiden reports

Although banks face an increasing amount of litigation overseas, it shouldn't prohibit international business if managed properly, argues Philip Parish