Magazine - August 2002

In publication since 1982, IFLR has become the trusted source for in-house counsel and law firms specialising in financial law.

Cover Story

  • Is fair value accounting really fair?

    David Bernstein of Clifford Chance Rogers & Wells LLP, New York, argues for a return to old-style accounting. It may have been less accurate, but modern methods create confusion and hinder comparisons between one business and another, he says

Features

  • Why the US and Europe must regulate in tandem

    Ed Greene of Cleary, Gottlieb, Steen & Hamilton calls for greater cooperation between Europe and the US to solve some of the problems afflicting world markets

  • The trouble with London's market abuse regime

    Allen & Overy's Simon Gleeson rebuffs accusations that lawyers have been spreading unnecessary panic among clients following the introduction of new UK market abuse rules

  • New York demands corporate accountability

    With the US gripped by fears of corporate dishonesty and the New York Stock Exchange proposing stringent governance rules, executives must be surer than ever that their behaviour is unimpeachable. By Mark Bergman and Heather White of Paul, Weiss, Rifkind, Wharton & Garrison

  • Canada to harmonize disclosure rules

    With disclosure determining investor confidence, or the lack of it, Canada has decided now is a good time to untangle its confusion of corporate governance rules. Tina Woodside and Kathleen Ritchie of Gowling Lafleur Henderson's Toronto office assess the proposals

  • Reform puts Brazil on a different path

    Brazil is talking tough despite the problems of nearby Argentina. Ben Maiden finds out why local lawyers are sure recent reforms mean their nation will not suffer the same difficulties

  • EU rules threaten sovereign securitization

    Europe's statistical body is the latest group to show its suspicion of structured finance, setting rules that treat sovereign securitizations differently from other types of state- guaranteed deals. Yannis Manuelides of Allen & Overy explains why Eurostat is wrong

  • How to restructure high-yield Eurobonds

    With many telecoms companies in trouble, much of the high-yield debt they favoured during the 1990s needs restructuring. By Mark Cannon of Latham & Watkins, London

  • A guarded welcome for banking investors in China

    New rules that open China's fund management and securities industries to foreign investment do not remove all barriers to overseas banks. Nicholas Howson and Lester Ross of Paul, Weiss, Rifkind, Wharton & Garrison report

  • Why China's insolvency regime must improve

    China has shown its willingness to open markets to competition. But the country's insolvency laws need updating if lawmakers want foreign investment to last. By Campbell Korff and Xinhong Liu of Clifford Chance, Hong Kong

  • Foreign lawyers cheer China's reformist trend

    When will China deliver on its promise as an industrial and financial centre of unprecedented size? Nick Ferguson talks to the lawyers hoping to profit from the country's reform

News analysis

International briefings