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  • Three new federal laws recently became effective in Russia: the Law on Special Economic Zones, the Law on Concession Agreements and the Law on Credit Histories. These laws will facilitate and protect foreign investment, enhance predictability when dealing with Russian investment targets and help to develop the Russian business landscape.
  • Article 129 of Legislative Decree No. 385 of September 1 1993 (the Italian Banking Act), as subsequently amended, requires the issuers or offerors of securities in Italy to notify the Bank of Italy in order to be allowed to place the securities in Italy.
  • David Bernstein examines a US district court's decision to dismiss an infrequent SEC complaint under the controversial Regulation FD
  • Protectionist business interests risk derailing Japan's merger reforms to allow foreign companies to make non-hostile acquisitions in the country. M&A adviser Nicholas Benes argues that meaningful change is essential if Japan is to raise its woeful levels of foreign investment
  • The Serbian government has proposed that the national parliament should adopt a new takeover act, to address the shortcomings of the existing legal framework for takeovers. The government intends to create a single piece of legislation with fully developed rules to replace the present fragmented regulations. Many of the provisions of the new takeover act follow the EC Takeover Directive. The principal provisions of the proposed takeover act are as follows:
  • Changes to standard debt settlement documentation in Europe give buyers more legal certainty, explain Diane Mage Roberts and Caroline Hardcastle
  • Lee Dunst explains why companies that cooperate with US government investigations are falling foul of discovery rules
  • By Boris Otto Lira and Alejandro Landa Thierry of Thacher Proffitt & Wood
  • Constantine Lambadarios and Melina Katsimi of Lambadarios and Associates outline the principles of corporate governance established by Law 3016/2002 in Greece
  • International banks and corporations with dealings in Italy should take notice of new precedents that require them to have tough controls to prevent employees from committing financial crimes, say Raffaele Rizzi and Nadia Rahman