Magazine - December 2000

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

Cover Story

  • How Ecuador escaped the Brady bond trap

    When Ecuador defaulted on its Brady bonds in August 1999, it entered new territory for a sovereign issuer. More than a year later it seems to have answered many of the questions raised by its attempts to reschedule the debt. Lee C Buchheit of Cleary, Gottlieb, Steen & Hamilton, New York, adviser to the Republic, explains the challenges involved and the legal innovations used to save Ecuador from its default

Features

  • German regulator targets energy derivatives

    At a time when Germany is pressing ahead with the development of an energy derivatives market, its banking regulator has issued a statement calling for more stringent regulation of traders. Jörg Fried and Frank Herring of Oppenhoff & Rädler, Linklaters & Alliance, discuss how recent events have highlighted the need for clearer guidelines

  • Korea Stock Exchange looks to foreign issuers to kick start recovery

    Korea has made a remarkable economic recovery began to stall in mid-2000. The Korea Stock Exchange’s new rules on foreign issuers are an attempt to restart the recovery by increasing diversity and liquidity in the market. John Kwon and Charles Sohn of Clifford Chance, Hong Kong review the amendments

  • Positioning a foreign company to buy in the US

    The US is an increasingly popular hunting ground for non-US companies looking to make acquisitions. Before they do so, however, they are well advised to prepare to meet the regulatory environment. Mark Bergman, head of the securities group at Paul, Weiss, Rifkind, Wharton & Garrison, New York, discusses the options and dangers ahead of them

  • Close up - PolyMirae paves the way for Korean project finance

    PolyMirae’s dual currency $184 million equivalent limited recourse financing is Korea’s first international project financing. Ashley Wilkins and Francois Favret of SG Asia and Huw Jenkins, Alisha McPherson and Valerie Hoong of Clifford Chance describe the deal

  • Dutch and Belgian firms divide to conquer

    Belgian and Dutch firms have been putting themselves in the shop window for international mergers, but the big players are learning that small is beautiful. Rufus Jones reports from Brussels and Amsterdam

  • Korea edges closer to a new start

    Korea certainly had its fingers burnt in the financial crisis of 1997. In the years since then, the reform of institutions ranging from the massive chaebol to the legal market itself has been seen by many as the key to any lasting recovery. Nick Ferguson reports from Seoul on how far the economy and lawyers have come, and what remains to be done

News analysis

International briefings