Book excerpt: Issues vital to private investors, from competition law to tax aspects, are surveyed here by accountants and lawyers from throughout the EU. The text shows the extent to which deregulation, or "liberalization," of industrial sectors in the member states of the European Union (EU) has impacted beyond the economies and financial markets of Europe. As more sectors of the European economy open to private participants, the effect on the aviation, rail, insurance, telecommunications, and utilities sectors, as this insightful text shows, will continue to intensify dramatically. Published under the Transnational Publishers imprint.