Magazine - June 1998

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

Cover Story


  • Comment

    The principle of banking confidentiality has traditionally also protected the fraudsters. The strong confidentiality jurisdictions have taken measures to discriminate. By Franco Taisch of Liechtensteinische Landesbank, Vaduz

  • Hong Kong seeks to make global offers more attractive

    Hong Kong market regulators have acted to promote Hong Kong as an international financial centre while protecting the interests of local retail investors. By Richard A Drucker and Timothy A Steinert of Davis Polk & Wardwell, Hong Kong*

  • US court suggests adoption of UK Mareva injunctions

    A New York Court of Appeals case in May suggested that the US may introduce a system like the UK Mareva injunction to protect assets in insolvency. By Ronald L Cohen of Seward & Kissel, New York

  • New products open banks to new risks

    The example of a recent case involving PERLS shows the dangers for financial institutions of new investment products. Particular care should be taken to manage the legal and regulatory risks. By Jonathan Kelly of Simmons & Simmons, London

  • Treaties may offer route to financing BOT projects in Turkey

    Without recourse to international arbitration under the BOT Decision, foreign investors have stopped financing Turkish infrastructure projects. International treaties may offer a solution. By H Elizabeth Kroeger and Timothy Kautz of Jones, Day, Reavis & Pogue, Frankfurt

  • Argentina opens access to ADR issues

    New regulations from Argentina’s Securities Commission provide guidelines for Argentine companies seeking to raise capital in the US through ADRs or GDRs. By Malen Gaynor Giron of Asorey & Navarrine, Buenos Aires

  • Italy sets standards for branch investment advice

    The Italian securities regulator, CONSOB, has established new conduct of business rules for EU-based firms providing investment services in Italy through a branch. By Piero Salera of Pavia e Ansaldo, Rome

  • Switzerland opens limited access to supervisory information

    New Swiss legislation has opened the way for more sharing of administrative assistance information, building from the success of cooperation in the criminal field. By Claude Rouiller of Ziegler & Poncet, Geneva, former Chief Justice of Switzerland

  • Energizing the legal team

    Bruno Cova, general counsel at Agip, the Exploration & Production Division of Eni, talks to Barbara Galli

  • One country, two legal markets

    While Hong Kong law firms are suffering from the consequences of the regional financial crisis, the less affected Chinese legal market continues its evolution. Barbara Galli reports

News analysis

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