Magazine - July 1999

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

Cover Story

  • Basle reforms fail to remove market distortion

    The Basle Committee’s proposals for a standardized approach to the calculation of bank risk asset ratios suggest that there will be as many losers as winners. Chris Bates and Nicholas O’Neill of Clifford Chance, London outline how the reforms will mean a shift in banks’ risk management and products

Features

  • Accountants change the rules for US M&A

    The US Accountancy Board, the FASB, has brought an end to the pooling of interests for the accounting treatment of mergers and acquisitions in the US. David Bernstein of Rogers & Wells, New York reviews the effect of the decision and questions the wisdom of amortizing goodwill on M&A deals

  • Commerzbank moves into Italian asset management

    Commerzbank is the first big European bank to set up an asset management group in Italy under new rules adopted in 1998. Gianluca Santilli and Andrea Marino of Santilli e Associati are advising the bank and describe the structure

  • Belgium restricts creditors’ rights

    Bankers financing assets in Belgium need to be wary of restrictions on their rights under the new Law on Judicial Composition. Thierry Bosly of De Bandt, van Hecke & Lagae Linklaters & Alliance identifies the dangers, and the solutions offered by practitioners

  • Dutch regulators clarify restricted circle concept

    The Dutch Central Bank and Securities Board have given the clearest guidance to date on the qualification criteria for restricted circle offerings. By Pieter Riemer of Trenité Van Doorne, London

  • Belgian firms enter international arena

    Belgian firms are no longer content to remain isolated domestic practices. The merger of Liedekerke and Schlitz Linden highlights their international aspirations. Ben Maiden reports from Brussels

  • Dutch firms plan strategy to meet global rivals

    The presence of major international firms is stirring up competition in the Dutch market. Ben Maiden reports on the mergers, alliances and partner poachings which characterize the new Dutch legal market

  • Reforming China’s asset appraisal regime

    Before China can improve the effectiveness of foreign investment and restructure its state-owned industries it must first reform its asset appraisal industry, writes Steven Blayney, White & Case, Hong Kong

News analysis

International briefings