Magazine - September 1996

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

Cover Story

  • Davis Polk & Wardwell leads the world's equity advisers

    In this, the first ever survey of the legal advisers on international equity issues, International Financial Law Review identifies the leading firms in the field and discovers why they head the tables. Richard Forster reports


  • Government support assists Asian power projects

    In the first of two articles on independent power projects in Asia, Tim Soutar and Judith Hanson of Clifford Chance, Hong Kong, consider the importance of the role played by government

  • End of the road looks certain for Italian conduit loans

    Mark Daley of Berwin Leighton, London and Francesco Seassaro of Carnelutti, London reports on legislation which may mean the demise of a convenient cross-border borrowing structure

  • France modernizes collateralization and netting

    France has introduced new pledging and netting provisions which will be welcomed by participants in structured financings and derivatives deals. By Stéphane Mouy of Banque Paribas and Edward Nalbantian of Watson, Farley & Williams, Paris

  • Creating and enforcing security interests in Kazakhstan

    Ways of taking security interests are becoming increasingly sophisticated. Here is a guide, by James E Hogan, Aigoul Kenjebayeva, Gary Sullivan, Robert Starr and Karen Widess of Salans Hertzfeld & Heilbronn, Paris, Almaty and London

  • Canada enhances netting-friendly status

    Various amended pieces of Canadian legislation now recognize and protect the enforceability of close-out netting for derivatives deals. By Margaret Grottenthaler of Stikeman, Elliott, Toronto

  • Germany produces draft to implement ISD

    Dr Berthold Kusserow and Dr Eva Reudelhuber of Oppenhoff & Rädler, Frankfurt, describe the impact that implementation of the Investment Services Directive (ISD) will have on investment services firms in Germany

  • Harmonization of derivatives regulation can wait

    Global harmonization of over-the-counter derivatives regulation is an idea whose time has not yet come, argues Schuyler K Henderson of Baker & McKenzie, London

  • Comment

    Philip Wood of Allen & Overy, London, foresees a legal revolution, cutting the divides and confusions between legal systems, and argues that lawyers should do more to promote reform

  • Ethical Italian

    Dr Franco Riolo, general manager of the legal and tax department at Banca Commerciale Italiana, talks to Diana Bentley

  • Poland's lawyers move to general practice

    In a market formerly dominated by only one practice area, privatization, lawyers are enjoying the opportunity to offer more general corporate advice. However, this is putting weaker firms under pressure and leading to consolidation. Paul Lee reports

  • Russian uncertainties dispelled by optimism

    Regulatory confusion and continuing uncertainties are not standing in the way of business in Russia. Lawyers are finding their market booming. By Alex Lennane

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