Magazine - October 1996

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

Cover Story

  • International firms outperform domestic rivals

    Accompanying the International Financial Law Review 50 table of the world’s largest law firms are new tables on the financial health of the most and least international firms. Paul Lee provides comfort to those fighting to become more international


  • Secondary listings grow in popularity

    John A Kehoe and J Alan Bannister of Clifford Chance, London and New York, offer a guide to the procedures for obtaining secondary listings on the main world markets

  • China eases Renminbi closer to convertibility

    The latest gradual steps to a free foreign exchange regime in China will be of significant benefit to foreign investment enterprises there. By Guanxi Zheng of Stikeman, Elliott, Hong Kong

  • France extends loi Toubon exemptions

    The controversial loi Toubon restricting the use of English in financial documentation produced by state entities in France has been amended following protests. By Gilles Endréo of Linklaters & Paines, Paris

  • US penalizes investors in Iran and Libya

    Jane M Freeberg of Watson, Farley & Williams, New York, considers the controversial Iran and Libya Sanctions Act of 1996, which is viewed by the EU as an American attempt to dictate foreign policy

  • Germany amends own funds requirements

    Dr Berthold Kusserow and Dr Eva Reudelhuber discuss how own funds requirements for banks and investment services firms in Germany will change when the draft sixth amendment to the German Banking Act comes into force in 1997

  • Asian governments must write attractive contracts

    In the second of two articles, Tim Soutar and Judith Hanson, of Clifford Chance, Hong Kong, continue their discussion of the role played by Asian governments in developing independent power sectors

  • IRS issues Final Regulations on US debt modification

    The tax consequences of a modification to US debt instruments have now been clarified by the US Internal Revenue Service (IRS). Richard Andersen of Jones, Day, Reavis & Pogue, New York, looks at the implications

  • On-exchange derivatives face comprehensive global regulation

    An increasingly global derivatives market, in which crises always have international effects, requires a global, comprehensive regulatory regime. Eric Bettelheim of Mayer, Brown & Platt, London reports on the first steps

  • Market consultant

    Volker Potthoff, general counsel to the Deutsche Börse, Frankfurt, talks to Graham Field

  • Latin America opens up – slowly

    In Central and South America lawyers are experiencing mixed fortunes as one of the world's most exciting markets digests the combined effects of the Mexican peso crisis, Nafta and privatization. Richard Forster reports

News analysis

International briefings