Magazine - June 2002

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

Cover Story

  • Banking conflicts: are Chinese walls enough?

    Recent action by New York's attorney general against Merrill Lynch has cast doubt over the regulation of analysts everywhere. Wall Street firms have scrambled to announce new initiatives to guarantee the objectivity of their stock-dealing advice. The SEC has issued tougher rules to govern research, and regulators in Europe have said they will consider the issue, too. IFLR invited seven leading figures from the London markets to discuss the problem

Features

  • Freeing Europe's corporates from minority control

    José Garrido García, who is a member of the High Level Group of Experts behind EU takeover proposals, defends his views on minority control from recent criticism

  • Landesbank investors fret over state aid deal

    The European Commission has agreed a formula on state aid for Landesbanks that should protect investors from a bank default. But the rules leave them at the mercy of guarantors. Robin Griffith and Michail Papadakis of Clifford Chance report

  • Comparing Europe's insolvency rules

    The European Regulation on Insolvency means proceedings commenced in one member state must now be recognized across the EU. Jennifer Marshall of Allen & Overy looks at some of the variables between the insolvency regimes in different countries

  • The best and worst of 20 years in the markets

    Twenty years ago IFLR ran a story on the Argentine crisis. Now another rumbles on. Stephen Hoare speaks to some of the financial markets’ leading personalities about the people, deals and regulations that have shaped our world in between

  • Two decades in project finance

    Frederic Rich of Sullivan & Cromwell in New York considers the key issues facing the project finance market over the coming years

  • The future for derivatives

    Dan Cunningham of Allen & Overy, New York, and Thomas Werlen, in London, call for innovation to drive the derivatives market forward

  • Italian lawyers test new legislation

    Thomas Williams reports on how Italy’s lawyers are testing the country’s new takeover and securities rules and working on deals to modernize the economy

  • Recovering assets in China

    Philip Gilligan of Lovells Hong Kong and Joe Bannister in London compare the challenges of recovering assets in China with the approach taken by the English courts

  • The case for deregulating Asia's energy industry

    The collapse of Enron in the US has led some Asian leaders to question the rationale for deregulating their own energy industries. Peter Roberts, of Jones Day’s Hong Kong office, says delays could be costly

  • Global firms battle in tough Japanese market

    Japan is one of the most challenging markets for international firms. But the country is short of lawyers, and foreign firms believe soon they will provide the expertise demanded. Nick Ferguson reports

  • Mexico steps in for minority shareholders

    Mexico’s legislators have been busy — protecting minority shareholders, revamping the insolvency regime and overhauling securities laws. Ben Maiden reports

  • Brazil clears path for derivatives trading

    Brazil has introduced guidelines allowing domestic banks and financial companies to access the market for credit derivatives. Walter Douglas Stuber and Adriana Gödel Stuber of Amaro, Stuber e Advogados, São Paulo, explain

News analysis

International briefings