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Simon Wong of McKinsey & Company looks at the choices facing policymakers when setting governance rules pros and cons of laws versus codes

As a new bankruptcy law comes into effect, Daniel Glosband explains how Chapter 15 brings the US closer to UN model law on cross-border cases

Austria has had a corporate governance code in place since 2002. Albert Birkner and Clemens Hasenauer of Cerha Hempel Spiegelfeld Hlawati explain how the regime works

By Evangelina Lardizábal of FA Arias & Muñoz

Deutsche Post tendered an offer to acquire the UK logistics company Exel. Linklaters and Slaughter and May have the lead roles on the €5.3 billion bid for the UK group. Corporate partner David Cheyne is leading the Linklaters' team acting for Deutsche Post, while Martin Whelton heads Slaughters' team acting for Exel. German counsel Hengeler Mueller is also advising Exel alongside best-friend firm Slaughter and May.

By Krissia Laguardia of FA Arias & Muñoz

Courts in the US have generally recognized solvent schemes set up in the UK, but that might change due to the new round of bankruptcy reforms. By Joe Bannister and Alexander Wood

It is commonplace to find credit information bureaus in Europe, but it is a recent phenomenon (for obvious reasons) in emerging markets. The Bank of Tanzania has only recently decided to follow the example of its neighbour, Kenya, and open discussions with its advisers to put a legal and regulatory framework in place for credit information sharing in Tanzania. In 2001, legislation came into force that enabled the Minister for Finance to make regulations whereby the Central Bank of Kenya and any other institutions licensed under the Banking Act could exchange information on their respective customers. These regulations were formalized in 2004.

In German mergers and acquisitions the buyer often has to pay an additional premium when buying out minority shareholders. Matthias Horbach and Stefan Koch explain how accounting reforms will soon bring change and offer some tips for bidders

Spain's Council of Ministers has recently proposed a new draft Regulation on Collective Investment Institutions (CIIs).