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Albert Birkner of Cerha Hempel Spiegelfeld Hlawati explains the workings of the Austrian Takeover Act

Austria has overhauled its tax laws to make the country more appealing to foreign investors. Werner Minihold of Saxinger Chalupsky Weber & Partner outlines the changes

The Asia Pacific region has an alternative venue for offshore investment - the Labuan IOFC. Ming Sun Yoon of Cheang & Ariff and Raymond WB Wong of Equity Trust outline what this relatively new financial centre has to offer

Japan has not slowed its pace on corporate law reform. Hajime Tanahashi and Yuto Matsumura assess the latest round of changes

The Russian state is loosening its grip on land transactions. Anna McDonald of Salans outlines the real estate title rules

Russia's new law on currency regulation and control provides unprecedented opportunities and flexibility in structuring cross-border transactions and investments. Sergey B Komolov and Peter J Pettibone of Hogan & Hartson outline the changes

Maurizio M Maiano and Gianfranco Santojanni of Pisano De Vito Maiano Catucci & Corrado discuss the two ways a company can ring-fence assets in Italy

Malaysia has set a clear path for how it wishes to build and improve its financial industry and its capital markets. The country's 300-page Capital Markets Masterplan lays out improvements and recommendations some of which have been achieved already, others of which require further attention. In key areas such as Islamic finance, the government has entered the market as an issuer to aid progress. Meanwhile, in mergers and acquisitions, as in many other areas of financial and corporate activity, Malaysian authorities are lowering barriers to foreign investors. The articles on the following pages examine some of these issues in detail.

Regulators in Malaysia are sticking to their plans to lead innovation in Islamic capital markets. So far these seem to be working. Nik Ramlah Nik Mahmood of the Securities Commission spoke to Rob Mannix about progress

Agnese Jauntirane and Janis Loze of Loze & Partners outline the general procedure for reorganization in Latvia