Magazine - May 1998

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

Cover Story

  • Citigroup can avoid US regulatory barriers

    Citigroup, the new company formed by the Travelers/Citicorp merger, appears to breach the US’s regulatory barriers between financial services. But lawyers suggest there are possible structures for the company to offer the full range of services. Paul Lee reports


  • Comment

    The OECD convention against corruption is a major step against bribery. But a totally fair market is still far off. By Michael Hershman of Decision Strategies/Fairfax International LLC, Falls Church, Virginia

  • Czechs start to make necessary reforms

    The Czech government is beginning the slow process of rebuilding investor confidence. Further banking and funds reforms are planned. By Madle Waldvogel of Beiten Burkhardt Mittl & Wegener, Prague

  • China’s new loan rules add to project finance burdens

    Foreign investment enterprises in the project finance field must now seek the same foreign exchange authorizations as domestic entities. By Edward Turner and Edward Lam of Shearman & Sterling, Hong Kong and London

  • ISDA offers standard documents for credit swaps

    The new ISDA standard confirmation for credit swaps should boost the credit derivatives market. By Daniel P Cunningham, R Brent Jones and Thomas J Werlen of Cravath, Swaine & Moore, New York

  • Italian government reforms corporate governance

    A wide-ranging reform and codification of Italian capital markets law tidies up some outstanding problems. It also introduces detailed rules on corporate governance. By Susanna Beltramo and Stefano Agnoli of Studio Legale Beltramo, Rome

  • SEC tightens Regulation S rules for US issuers

    To cut perceived abuses of the safe harbour for offshore securities sales, the US SEC has restricted the use of Regulation S by US issuers. By Richard Muglia and Annemarie Tierney of Skadden, Arps, Slate, Meagher & Flom LLP, London

  • British Columbia relaxes rules for international securities offerings

    Formerly restrictive of international offerings of securities, the British Columbia Securities Commission has introduced measures more favourable to foreign purchasers. By David Glennie, Peter O’Callaghan and Geoffrey Belsher of Blake, Cassels & Graydon, London and Vancouver

  • How to enforce debts in Malaysia

    Creditors have several options under the Malaysian Companies Act 1965: the company can be wound up, put into receivership or have its assets possessed. By Philip Teoh Oon Teong of David Chong & Co, Kuala Lumpur

  • Managing legal risk

    Howard Trust, General Counsel, The Barclays Group, talks to Diana Bentley

  • Austrian clients drive modernization

    Privatization and deregulation are creating a more modern business environment in Austria and law firms are under increasing pressure to provide a similarly modern service. Nick Ferguson writes

  • Italian firms face foreign invasion

    Traditional Italian lawyers are beginning to adapt to competition from larger overseas firms. The believe they must follow the English and American model while retaining Italian characteristics. Barbara Galli reports

News analysis

International briefings