Magazine - October 1997

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

Cover Story

  • Linklaters takes lead as firms build for the future

    UK firm Linklaters & Paines overtakes US rival Davis Polk & Wardwell to head this year’s ranking of the leading advisers on international equity issues. But other firms are catching up. Richard Forster and Robert Dwyer report


  • SEC loosens regulation of foreign broker-dealers

    The latest no-action letters from the US SEC expand the exemptions available to unregistered dealers. By Charles S Gittleman, Julia E Moran and Eva Don-Siemion of Shearman & Sterling, New York

  • Germany clarifies investment firms’ compliance duties

    The German Securities Trading Supervisory Authority’s latest guidelines for the conduct of investment services business are out. Alexander Vogt and Peter Waltz of Oppenhoff & Rädler, Frankfurt, assess them in the context of existing rules

  • China seeks to boost financing

    The financing of projects in China is slowly but surely being made more attractive to international investors. Edward Lam of Shearman & Sterling, London, looks at the most recent measures

  • Canada moves to assuage public’s governance doubts

    The Allen Committee’s Final Report strikes a blow for greater transparency and accountability in corporate governance in Canada. By Thomas Allen and Andrew Fleming of Ogilvy Renault, Toronto and London

  • Italy to reform capital gains tax regime

    Reforms to the Italian capital gains tax system will have significant implications for the capital markets and the repo and securities lending markets. By Susanna Beltramo and Marina Savastano of Studio Legale Beltramo, Rome

  • Peru introduces securitization option

    As with all emerging markets, securitization offers Peru new forms of debt instrument with a greatly reduced risk of default. New rules should boost the developing market. By Esteban Mancuso of White & Case, New York

  • Aiming for efficiency

    Dr Peter Derendinger, general counsel at Credit Suisse Group, Zurich, talks to Paul Lee

  • Portugal’s lawyers resist accountants’ rise

    The big six have already made significant inroads into the French and Spanish legal markets, but so far the Portuguese have managed to keep them at bay, with some very stiff regulation. Nick Ferguson reports

  • Spanish firms regroup to prepare for a turbulent future

    The merger of J&A Garrigues and Andersen ALT has accelerated the process of change in Spain. Defensive reactions have already begun and nothing will be the same again. Nick Ferguson reports

News analysis

International briefings