Magazine - January 2002

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

Cover Story

  • COB to reveal French securities revolution

    The Commission des opération de bourse (COB) will soon complete its radical shake-up of securities regulation for the French markets. The reforms were inspired and influenced by the globalization of markets and increased volatility of share prices. The COB has to an extent been forced to follow both the markets and SEC’s lead. However, as Edward Kamman of Skadden, Arps, Slate, Meagher & Flom in Paris explains, the French reforms have much to teach other regulators in the fields of present disclosure and communications restrictions during offerings

Features

  • The problem with Turkey’s competition regime

    Gönenç Gürkaynak of White & Case, New York, assesses the nascent competition regime in Turkey and argues that it places too heavy a burden of proof on those accused of anti-competitive behaviour

  • In-house view: Dexia Group

    Thomas Williams talks to Axel Miller, general counsel of Dexia Group, about life after Clifford Chance

  • Limiting auditors' liability on insolvencies

    Auditors are often made the scapegoat when companies go bust, and with little protection from the UK courts sometimes end up having to settle expensive claims. As Arrabella Giles of Clifford Chance, London, explains however, a recent decision in the Barings case will limit auditors’ liabilities

  • What WPP/Tempus means for Mac clauses in the US

    The Takeover Panel’s ruling on WPP/Tempus may have been the death blow for material adverse change clauses in the UK, but what of the US? Richard Trobman and Nick Cline of Latham & Watkins, London, ask if the US authorities would have come to the same conclusion if they had been presented with WPP

  • Canadian firms face the strategy challenge

    Canadian firms may be coping well with in the present economic climate but many in the legal market are still struggling to decide on a strategy. Tom Nicholson reports

  • Firm directory - Canada

  • How securitization can help the developing world

    Securitization is an important tool in helping financial systems and capital markets to evolve and expand, but so far the world’s richest nations have had a competitive advantage over their less developed neighbours. Lakshman Alles of Australia’s Curtin University discusses the challenges of bringing securitization to the developing world

  • Why Australian law threatens airline financiers

    The events of September 11 have shown how a law passed two years ago could expose the owners, operators and financiers of airlines flying in Australia to unlimited liability. Nicholas Creed and Justin Mereine of Mallesons Stephen Jaques explain the risks they face

  • Slow pace of reform hampers Indian markets

    With liberalization in a state of paralysis, India’s legal market remains closed to outsiders. Many observers are concerned that this is hampering both the development of local law firms and the economy as a whole. Nick Ferguson reports

  • The future for foreign IPOs in China

    The first IPO by a foreign company in China may be just around the corner. Stefanie Tetz, Amy Lo and Ralph Koppitz of Clifford Chance explain how closer cooperation between the regulators and increased clarity of the rules could open the door to a new equity market

News analysis

International briefings