Magazine - August 1999

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

Cover Story

  • Morgan Stanley answers Formula One critics

    In a letter to IFLR, Morgan Stanley, underwriter of Formula One’s $1.4 billion asset-backed Eurobond, responds to the European Commission’s statement of June 30 — in which it outlines its objections to F1’s business. Rob Mannix reports

  • News-Osler Hoskin leaves London

    Canada’s Osler Hoskin & Harcourt has closed its London office. Its resident lawyers will go their separate ways; partner Mark Trachuk is headed back to Toronto while associate Rob Stewart has joined Allen & Overy.

Features

  • France seeks to create its own Pfandbriefe market

    The success of the German Pfandbriefe market has inspired new legislation in France on mortgage-backed bonds. Joseph J Smallhoover and Christian Cano of Dechert Price & Rhoads, Paris describe the vehicles and securities available to issuers

  • Is leasing the key to European projects?

    Dean M Colucci of Cadwalader Wickersham & Taft, New York, examines why the leveraged lease has become an attractive alternative to traditional non-recourse financing

  • The renaissance in European securitization

    In the last three years the European securitization market has flourished. This growth has not been restricted to just one country — the UK, France, Germany and Spain have all been very active. Leading lawyers, investment bankers, monolines and issuers discuss what has caused this phenomenon

  • The art of securitizing catastrophe risk

    Tokyo Disneyland is the first corporate to seek cover through a catastrophe bond rather than traditional insurance. Jonathan Shann of Wilde Sapte, London outlines the structure and presents the firm’s report on alternative risk transfer

  • Clifford Chance becomes the world’s largest firm

    The proposed three way merger between Clifford Chance, Rogers & Wells and Pünder is set to create the world’s largest law firm. Ben Maiden reports on the reaction of City firms

  • Inside US firms in London

    The leading US firms in London talk candidly about the strengths and weaknesses of their capital markets practices. By Rob Mannix

  • Comment

    Frederick L Feldkamp of Foley & Lardner, Chicago reviews the US securitization developments and suggests some possible limits

News analysis

International briefings