Magazine - November 1997

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

Cover Story

  • Setting the law firm standard

    In the first of a series of articles drawn from the 1998 edition of the International Financial Law Review 1000 Directory, Paul Lee examines the IFLRev50, the world largest law firms, and their international strategies

  • Clients ensure fees fit the deal

    Lawyers have again enjoyed the benefits of a successful world economy. Capital markets deals and international investment are at record levels, and lawyers are taking their share. But clients are increasingly demanding they justify their charges. By Adrian Preston

  • The big six move in

    Although still often thought of as accounting firms, the big six are increasingly eager to call themselves professional service providers and offer a full range of services. Legal services are the latest part of that trend. Phillippa Cannon reports


  • Easdaq benefits from European framework

    The success of the first Europe-wide electronic securities market owes much to the new possibilities afforded by EU investment services legislation. By Dirk Tirez, general counsel of Easdaq, Brussels

  • Credit derivatives are not insurance products

    If credit derivatives are found to be contracts of insurance, in many jurisdictions they will face strict regulation. David Benton, Patrick Devine and Philip Jarvis of Allen & Overy, London, explain how this interpretation can be avoided

  • US changes tax burden on international projects

    The new US tax regulations will have mixed effects for US companies engaged in project finance. Keith Martin of Chadbourne & Parke, Washington DC, looks at the good and the bad news

  • German Antitrust Law to be updated

    The German government has launched a three-pronged initiative aimed at overhauling Germany’s antitrust law and making it Euro-compatible. By Wolfgang von Meibom and Jan Byok of Wessing Berenberg-Gossler Zimmermann Lange, Düsseldorf

  • Argentina launches new depositary receipts

    Measures introduced by securities regulators in Argentina will make it easier for foreign issuers to access the country’s emerging capital market. By Rodolfo Gerardo Papa of Cárdenas, Cassagne & Asociados, Buenos Aires

  • How to establish a bank representative office in China

    Setting up a representative office is the first and indispensable step towards establishing a banking presence in China. Philip Gilligan and Steven Blayney of White & Case, Hong Kong, explain how

  • Luxembourg frees issuers from automatic cancellation

    New provisions in Luxembourg on the merger of the capacities of debtor and creditor in one person (confusion) mean issuers are no longer forced to cancel their own debt after purchase. By Henri Wagner of Zeyen Beghin Feider/Loeff Claeys Verbeke, Luxembourg

  • The essence of Unilever

    Stephen Williams, general counsel and joint secretary of Unilever, talks to Samantha Wigham

  • Swiss market in further consolidation

    With the remaining barriers between cantons being dismantled and clients demanding specialist expertise, the traditional divisions within the Swiss market are disappearing. Paul Lee reports

News analysis

International briefings