Magazine - August 1997

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

Cover Story

  • UK plans new Super-SIB

    Consultation on the restructuring of the UK’s financial services regulatory system offers a golden opportunity for the industry to make sure parliament gets it right. By Tim Herrington and George Staple, Clifford Chance, London


  • Divisible fixed charge confirmed in Australia

    A recent case in New South Wales seems to have resolved the doubts surrounding the creation of fixed charges over receivables raised by Royal Trust Bank. By John Stumbles and Scott Farrell of Mallesons Stephen Jaques, Sydney

  • Germany issues guidance on asset-backed securities

    The recent publication of the German Banking Supervisory Authority’s Circular 4/97 clears the way for the development of a significant ABS market in the Federal Republic. By Alexander Vogt and Kurt Dittrich of Oppenhoff & Rädler, Frankfurt

  • Japan issues blueprint for widespread reform

    By the end of fiscal 2000, a momentous series of reforms should have opened the Japanese financial markets. The government’s programme is reviewed by Naoaki Eguchi, Yasushi Murofushi and Jeremy Pitts of Tokyo Aoyama Law Office-Baker & McKenzie, Tokyo

  • Leading projects through the French local government maze

    Private sector finance is increasing in France. But undertaking projects with local government will require foreign companies to bridge a cultural gap. By Jacques Bertran de Balanda and Gilles Heude of Clifford Chance, Paris

  • UK court keeps duty of care hurdle high

    A recent case underlines the reluctance of UK courts to impose personal duties on directors of companies where there is economic loss but not personal injury. By David Kavanagh of Watson, Farley & Williams, London

  • Hungary tightens company law regime

    The Hungarian parliament will shortly consider major company law reforms, setting more stringent financial criteria and modernizing other corporate requirements. By Zoltán Grmela of Gárdos, Benke, Mosonyi, Tomori, Budapest

  • Member states fail to agree key issues

    The Amsterdam Treaty, to be signed in October, makes significant reforms but failed to answer the main questions of how to reach decisions in an enlarged EU. By Raymond O’ Rourke of Stanbrook and Hooper, Brussels

  • Argentina passes new money-laundering regulations

    Greater transparency is being recognized as the key to identifying the trail of illicit funds in South America. By Rodolfo Gerardo Papa of Cárdenas, Cassagne & Asociados, Buenos Aires

  • A passion for banking

    Jean-Pierre Mattout, general counsel of Banque Paribas, Paris, talks to Samantha Wigham

  • Big six make the running in a tight French field

    France’s legal market is now one of the most crowded in Europe. Samantha Wigham went to Paris to find out how French firms are coping with the challenge thrown down by the big six and international competitors

News analysis

International briefings