Magazine - February 1998

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

Cover Story


  • Tough loan rules control China`s foreign debt exposure

    China's new foreign loans regime bars non-profitable companies from seeking international finance, and also limits the profitable ones. Worries about the Asian crisis have ensured caution. By Guanxi Zheng of Stikeman, Elliott, Hong Kong

  • Quebec relaxes foreign issuer rules

    Quebec has moved to drop the requirement that prospectuses must be published in French, as well as other discouragements to foreign issuers. By Andrew Fleming of Ogilvy Renault, London

  • How to defend a hostile takeover bid in Germany

    Corporate governance and insider trading rules limit the options for a target's management. Long-term planning is essential. By Philip Rogers of Arnheim & Co*, London, and Christian Altvater of Nehm & Co*, Frankfurt

  • Swiss ease recovery of securities on the bankruptcy of custodians

    In theory, depositors of securities with a custodian have always been able to reclaim them if the custodian goes bankrupt. But this theory has never been tested in the courts. New legislation removes any doubt. By Urs Schenker of Baker & McKenzie, Zurich

  • Saudi power market opened to foreign investment

    A new rule opens Saudi Arabia to independent power projects for the first time. Project finance is likely to take off, and the forthcoming power plant, Shuaiba, may be a BOO project. By Steven Miles of Arent Fox, Washington DC and Jeddah, Saudi Arabia

  • Czech lawyers survive in tough market

    In a very hard year for the Czech economy, the former overly-optimistic comments about the economy have been replaced by more realism and pessimism. But many of the remaining law firms continue to prosper. Paul Lee reports

  • Hungarian legal market faces contraction

    A number of foreign firms have left and are likely to leave Hungary, pushed out more by a change in the work on offer than by the planned amendments to the bar rules for foreign lawyers. Richard Forster reports

  • How to trade in Brazilian government bonds

    The market for Brazilian sovereign debt is becoming increasingly attractive for international banks. By Walter Douglas Stuber and Adriana Maria Gödel of Amaro, Stuber e Advogados Associados, São Paulo

  • Malaysian project finance survives market turbulence

    Despite turbulence on the markets, Malaysia's investment-led infrastructure development programme looks quite promising. By Winston Bernard Silva, advocate and solicitor, Singapore

  • Funding Irish growth

    Anne Counihan of National Treasury Management Agency, Ireland talks to Diana Bentley

News analysis

International briefings