Magazine - July 2001

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

Cover Story

  • Why Germany got cold feet on takeovers

    In May, 12 years into negotiations to create an EU directive on takeovers, Germany suddenly got cold feet. Hartmut Krause of Allen & Overy, Frankfurt, discusses the compromise with the EU it has since won and how it can draft its own legislation to protect German companies from hostile international bids

Features

  • Cutting edge close-up: Inside the biggest German IPO of 2001: Deutsche Börse

    Hendrik Haag of Hengeler Mueller, Frankfurt, and David Brownwood of Cravath, Swaine & Moore, London, explain the structure of Deutsche Börse’s marketing leading IPO

  • Comment: The European CMBS market

    Some observers have claimed recently that the much-heralded boom in European commercial mortgage-backed securitization will come to nothing. However, as Liz Jones of Norton Rose, London, argues, large innovative deals such as May’s ProLogis and the enthusiasm of investors give grounds for optimism

  • EU awaits the birth of the European Company

    Later this year the EU is expected to pass legislation that will pave the way for the European Company, with far reaching implications for cross-border business in Europe. Jean-Louis Joris of Cleary, Gottlieb, Steen & Hamilton, Brussels, looks at the challenges in drafting the law and the potential benefits for multinationals

  • Mexico gets ready for business

    Citigroup’s latest buy signals closer integration between the US and Mexico. With a new ruling party and a raft of pro-business reform measures in the pipeline, Mexico is attracting attention from growth-minded international corporations. Yet the legal market remains dominated by domestic firms. For now. Tom Nicholson reports

  • Argentina protects investors to boost securities market

    The Argentine government has passed major legislation that it hopes will increase successful capital markets activity by offering greater investor protection and transparency. Javier Errecondo and Diego Salaverri of Bruchou, Fernández Madero, Lombardi & Mitrani, Buenos Aires, examine the new regime

  • Realizing the value of holdings in US companies

    Many shareholders in US companies face obstacles in reaping the benefits of transactions such as mergers which increase the value of their stock. Mark Bergman, head of the securities group at Paul, Weiss, Rifkind, Wharton & Garrison, examines the implications of the often restrictive US securities laws

  • Ofta seeks clampdown on Hong Kong mergers

    Ofta wants tighter control of telecoms M&A in Hong Kong. In June, the Hong Kong government closed the consultation period on proposals to tighten the regulatory regime for M&A in the telecoms industry. Katie Elias of Simmons & Simmons, Hong Kong, reviews the proposals

  • Asset recovery in China-related restructurings

    Restructurings that involve either Chinese assets or Chinese joint venture partners can pose real problems for foreign creditors. Raymond Lau, Joe Bannister and John Banks of Lovells, Hong Kong, examine the options available, together with the various cross-border issues that will arise when trying to recover assets from China

  • Reforms aim to set German markets free

    A faltering economy and troubled stock exchanges have forced the German government and industry to seek legal reform to reawaken the markets. Thomas Williams reports from Frankfurt where lawyers are hoping to profit from a change in attitude among rule-makers and corporate clients

News analysis

International briefings