Magazine - June 1997

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

Cover Story

  • How to follow Bankers Trust and Alex. Brown

    The piecemeal reforms of US banking regulations do open genuine opportunities to foreign banks. Connie M Friesen and David Nissenbaum of Richards & O’Neil, LLP, New York, explain


  • Designing an Islamic model for project finance

    Hitherto neglected areas of Islamic commercial law can be used to create an Islamic structure for project finance deals. By Mansoor H Khan of Khan & Associates, Lahore, Pakistan

  • French pension funds expected to boost investment

    Act No 95-277 of March 25 1997 gives French employees the statutory right to participate in private pension fund schemes. By Bernard Carrez of Siméon & Associés, Paris

  • Arbitration at the crossroads in Hong Kong

    International commercial arbitration in China and Hong Kong after July 1997 remains an area of law full of uncertainties. Simon G Zinger of Graham & James LLP, San Francisco, looks at the options for parties to disputes

  • US cases put immunity of second tier state entities in doubt

    The benefits of the US Foreign Sovereign Immunities Act may not be available to ‘second tier’ state companies. By Lee C Buchheit of Cleary, Gottlieb, Steen & Hamilton, New York

  • Peru eases path to reorganization

    A new law at last offers insolvent Peruvian companies a better chance of avoiding liquidation. By Ismael Noya De La Piedra and Augusto Cauti Barrantes of Estudio Luis Echecopar García, Lima

  • Belgium updates regime for receivables securitization

    A few recent securitization transactions have shown the benefits of this financing method. Recent reforms make it more attractive. By Sandrine Hirsch and Koen Byttebier of Stibbe Simont Monahan Duhot, Brussels

  • Comment

    ‘Rogue’ traders are an inevitable price paid by the markets for their cultivation of immature and selfish behaviour. By Eric C Bettelheim of Mayer, Brown & Platt, London

  • Making the merger work

    Dr Leopold Pfaffel, head of the legal department at Bank Austria, talks to Graham Field

  • Offshore centres bid for respectability

    Competition between the offshore centres is increasing, especially in the Caribbean. Most are very keen to prove their credentials against money-laundering and cut the risk of scandals. Clare Hepburn reports

News analysis

International briefings