Magazine - March 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, Allen & Overy and Clifford Chance lead the market

    In the first survey to consider the Medium-Term Note (MTN) market for law firms, IFLRev has identified the leading firms in establishing new programmes and in making drawdowns. The same three names keep coming up. By Richard Forster and Samantha Wigham


  • Emerging markets derivatives set to expand

    Although small in volume compared with fixed-income and equity products, the market for emerging markets OTC derivative instruments looks set to grow. Ovidio E Diaz Espino, of J P Morgan & Co, looks at the products available and the obstacles they still face

  • US SEC moves to ease burdens on capital-raising

    The adoption of a new Regulation M on issue-related market activities should facilitate cross-border capital raisings. By Richard Muglia and Joel Roberto of Skadden, Arps, Slate, Meagher & Flom LLP, London

  • China’s new security measures perpetuate confusion

    The regulations which recently came into force in China have created problems in the area of foreign-sourced financing but their effects have been offset by other measures. By Brian Hansen and Guanxi Zheng of Stikeman, Elliott, Hong Kong

  • Brazil introduces comprehensive stock lending regime

    Reforms last year gave Brazilian traders the opportunity to lend stock in an organized market for the first time. Fernando Prado Ferreira and Guilherme de Almeida Leite of Pinheiro Neto, São Paulo, look at the system in practice

  • Italy adds to attractions of real estate investment

    Susanna Beltramo and Marina Savastano of Studio Legale Beltramo, Rome, look at the latest update to Italian legislation on real estate funds and Fabio Brunelli of Studio Di Tanno, Rome, looks at the tax aspects

  • Cayman Islands launches stock exchange

    The latest offshore exchange to open will be of particular interest to mutual funds formed but not listed in the Caribbean tax-free jurisdiction. By Chris Narborough and Andrew Kidd of Truman Bodden & Company, Grand Cayman

  • Switzerland tightens ad hoc disclosure rules

    The Swiss Admission Board has published guidelines for issuers on disclosure requirements relating to new price-sensitive information. By Urs Schenker of Baker & McKenzie, Zurich

  • Transparently efficient

    Piero Luongo, legal counsel of Istituto Mobiliare Italiano, talks to Samantha Wigham

  • South-east Asia places unique demands

    Competition is intensifying in the emerging markets of south-east Asia. Law firms are working hard to keep up with the growth and development of the economies. Paul Lee reports

News analysis

International briefings