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Outsourcing in an industry as highly regulated as financial services creates its own set of difficulties, explain Jonathan Herbst and Mathew Rutter

Under Delaware law, directors can be liable if they fail to get a fair deal for shareholders when companies go private. David Leinwand and David Moss examine two cases with contrasting outcomes for the defendants

On April 21 2004, a special working group called the Code Group presented a proposal for a Swedish code of corporate governance. The Code Group consists of representatives from the Government Commission on Business Confidence and representatives of listed companies, investors and the Stockholm Stock Exchange.

Corporate governance scandals, regulatory investigations and class action lawsuits are an enduring worry for company management operating in the US market. Robert Mollen and Dixie Johnson set down rules for avoiding a crisis or managing one when it happens

To address what was seen as an escalating national credit problem, an amr sami (high order) on personal loans was issued by the head of state on February 27 1995.

In the Netherlands Civil Code (the NCC) there is a fairly odd article 1:88 that provides that a person requires the consent of his or her spouse for certain legal transactions. One of the mentioned transactions is instalment buying (koop op afbetaling), with an exception for objects (zaken) that only or mainly serve for the normal conduct of the person's profession or business. The consent must be given in writing if the law states a formality must be carried out to perform the legal transaction. Any legal transaction performed by a spouse in breach of this article is voidable. Only the other spouse may claim a ground for avoidance.

A new law that governs financial guarantee contracts, Decree-law 105/2004 of May 8, entered into force in June 2004. Decree law 105/2004 transposes EU Directive 2002/47/EU into Portuguese law.

In July 2004 the Jakarta Stock Exchange (JSX) issued a decree that revisits the requirements and procedures for delisting and relisting on the stock exchange. Certain provisions under a decree of the JSX board of directors made in 2000 were declared invalid.

Foreign investors have always viewed Press Note 18 with apprehension because it does not allow them to proceed with investments if they have taken part in previous local ventures in the same field to proceed unless the investment is backed by a no-objection certificate (NOC) from the previous local partner. This has in some cases resulted in near blackmail of the foreign investor, as obtaining an NOC became a mandatory pre-requisite for entry into India.

Offshore firm Maples and Calder has acquired a firm in the British Virgin Islands (BVI) and opened a new office in Jersey, but has also lost a team of lawyers to offshore rival Mourant du Feu & Jeune.