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Recommended SEC rule changes would impose more regulations than hedge fund managers are used to. By Bill Hobbs and David Riley

Italy's new corporate law will make it easier to isolate assets in whole-business deals. James Gerard and Arturo Meglio report

Foreign investors may want to choose arbitration rather than local courts in Indonesia, says John Savage

Paul Lejot, Douglas Arner and Mylene Chan of Hong Kong University call for legal, regulatory, fiscal and systemic change

A tough stance from the UK government forced competing creditors to compromise on the British Energy restructuring. By Emma Barraclough

Banks can learn from the speedy UK court proceedings that Nomura used to win a dispute with CSFB. By Brendan Cash and Edward Sparrow

Ken Rushton, director of listing at the Financial Services Authority, talks to IFLR's Rob Mannix about proposed changes to UK listing rules

A group of investors is forcing issuers to look again at clauses unchanged for decades. Rob Mannix reports

The Turkish Ministry of Industry and Trade (the Ministry) issued Communiqué 2003/3 (the communiqué) in July, simplifying the procedures for setting up joint stock corporations and limited liability companies. The Ministry also removed several bureaucratic requirements, thereby eliminating unnecessary obstacles and ensuring a shortened process for setting up companies in Turkey.

Ukraine's Land Code has been amended to extend the right to own land to Ukrainian-foreign joint ventures. The law, On Amendments to Article 82 of the Land Code of Ukraine, passed on July 10 2003, has on the whole improved the position of Ukrainian companies with foreign investment in respect of land rights. Article 82 of the Code has been reworded so as to extend the right to purchase, sell, hold title to and exercise proprietary rights over non-agricultural land in Ukraine to joint ventures founded in part by foreign legal entities or individuals. Before these amendments, such entities were not permitted to acquire or own non-agricultural land in Ukraine.