In publication since 1982, IFLR has become the trusted source for in-house counsel and law firms specialising in financial law.
It has taken more than 30 years, but the EU has at last agreed on a legal format for the European Company, a vehicle it hopes will support the EU project by freeing corporates from national differences in legislation and boosting European economic activity. Jean-Louis Joris of Cleary, Gottlieb, Steen & Hamilton in Brussels explains what the European Company really is, how to set one up and asks whether, ultimately, it will be a success
France must clarify whether its usury laws apply to corporate bonds if its high-yield market
is to develop, say Eric Cafritz and Delphine Caramalli of Fried, Frank, Harris,
Shriver & Jacobson in Paris
The ever-growing popularity of football is forcing clubs to expand their grounds to meet the
demands of fans and to be able to afford players’ wages and transfer fees. With the equity
markets turning their backs, clubs are turning to securitization to fund their expansion.
Stuart Brinkworth of Latham & Watkins, London, explains how
Construction companies are often not used to dealing with special purpose companies
(SPCs) on large infrastructure projects. When it comes to negotiating a contract on such
a project, they need to ask the right questions to find out, among other things, about
the commitments the SPC has obtained for required debt and equity. Robert Vitale
of Cadwalader, Wickersham & Taft, New York, answers the key questions
With pressure mounting on offshore jurisdictions to tighten up their tax haven status
and secrecy rules, lawyers are looking to adapt their legislative environments to
encourage work in sophisticated cross-border transactions.
Thomas Williams reports
Jeffrey Wilson of Baker & McKenzie, Hong Kong, explores how China’s new insurance
regime for foreign investors has failed to improve on the Shanghai Measures and
may not meet WTO standards
In the first of a three-part series, Philip Gilligan and John Banks of Lovells,
Hong Kong, examine the causes behind the boom in M&A activity in the Asian
banking industry and explain how such deals can be structured
Entry to the WTO should give foreign banks access to the renminbi business
they need if they are to be part of the expected boom in the country’s banking
sector. But, as so often in China, things may not be so simple.
Mitch Dudek and Kan Liang of Jones, Day, Reavis & Pogue’s Shanghai office explain