Magazine - February 2002

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

Cover Story

  • Does the European Company have a future?

    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

Features

  • How French usury law is stifling the bond market

    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

  • Why football is securitizing for the future

    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

  • What to ask when bidding for SPC projects

    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

  • Offshore lawyers change tack

    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

  • Offshore - Key deals 2000 / 2001

  • Chinese insurance reforms undermine WTO status

    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

  • Why M&A rules among Asia’s banks

    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

  • Foreign banks seek renminbi business

    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

News analysis

International briefings