Magazine - April 1997

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

Cover Story

  • Fed expands role of Section 20 companies

    A liberalization of US Federal Reserve rules on the securities activities of bank holding company affiliates could be a window of opportunity for foreign banks. By Nancy Jacklin of Clifford Chance, New York


  • Making the case for legal compliance audits

    Costly asset management failures are dramatic evidence of the need for third party audits of advisers’ practices, says Marcia MacHarg of Debevoise & Plimpton, New York

  • French implement the ISD Directive

    The recent law implementing EU financial services policy in France has introduced ‘regulated markets’, ‘market enterprises’ and other new concepts. By Antoine Maffei of De Pardieu Brocas Maffei & Associés, Paris

  • Offshore futures brokers enjoy window of opportunity in US

    Growing numbers of foreign futures brokers are taking advantage of the registration exemptions offered by the US Commodity Futures Trading Commission. By Michael S Sackheim of Brown & Wood LLP, New York

  • Brazil introduces depositary receipts regime

    A three-tier mechanism now permits foreign issuers better access to the Brazilian markets. By Sergio Spinelli Silva Jr of Mattos Filho, Veiga Filho, Marrey Jr, Moherdaui e Quiroga, São Paulo

  • Commission rethinks views on vertical restraints

    The European Commission has published its deliberations on antitrust and distribution in Europe, giving an opportunity for debate on the framework for a new policy for the next century. By Ivo Van Bael of Van Bael & Bellis, Brussels

  • Korea introduces bank deposit insurance scheme

    The Korean government has recognized that depositors’ interests must be safeguarded by the state. But improvements need to be made, argues Dong Won Ko of the Institute for Monetary & Economic Research, The Bank of Korea, Seoul

  • Cross-default confusion

    Cross-default clause amendments have become standard in many derivative contracts. But they are not always welcome, argues Ebo Coleman, barrister, London, proposing alternative wording

  • Winning recognition

    Ken Mildwaters, group legal and trade marks director of Guinness PLC, talks to Diana Bentley

  • US firms embrace English law capability

    The last 18 months have seen an explosion in the number and size of US firms with English law capability in their London offices. Other firms are steadfastly following their own strategy. Paul Lee reports

  • UK lawyers enjoy the boom but face new competition

    UK firms have ambitious plans for US law capability and expansion. But they are facing competition from US, regional and big six-linked firms. Samantha Wigham reports

News analysis

International briefings