Magazine
April 1998

Magazine Archive

Benelux firms resist international competition

The pressures of internationalization are driving Benelux firms to look beyond their own borders for potential allies in the global market of the future. Nick Ferguson reports
Computer Associates/Computer Sciences hostile bid
Bowater pays C$3.5 billion for Avenor
Exel buys Mid Ocean
Bass buys Inter-Continental
Compagnie Générale des Eaux to acquire Havas
WH Smith sells Waterstones
Alltel Corp and 360 Communication merger
Aetna acquires New York Life
US$8.1 billion oil services merger unseats Schlumberger
Qwest buys LCI
Asia crisis special issue
Does the crisis bring default under MAC clauses?

After currency devaluation in Asia, lenders and borrowers are scrutinizing material adverse change (MAC) clauses to determine their respective positions. By Richard M Gray of Milbank, Tweed, Hadley & McCloy, Singapore
How to arrange workouts in project financing

The crisis in Asia has boosted the existing dangers of failures in project finance transactions. This article outlines the ways to find a solution to failures. By Troy Alexander of White & Case LLP, New York
Indonesian bankruptcy law protects creditors

Indonesia offers two options to creditors: bankruptcy and moratorium law. The bankruptcy law is more attractive and designed for their benefit. By Robert N Hornick of Morgan, Lewis & Bockius LLP, New York
Japan offers debtors and creditors greater options

Japan’s legal system has a range of alternatives for insolvency proceedings. Bankruptcy is by far the most common. By Naoaki Eguchi and Yoshiaki Muto of Tokyo Aoyama Law Office and Jeremy Pitts of Baker & McKenzie, Toyko
Korean insolvency laws protect foreign investors

Creditors and shareholders of insolvent Korean companies have three main attractive systems to protect their interests. The courts are showing increasing flexibility. By YS Oh and Keun Byung Lee of Bae, Kim & Lee, Korea
New Bankruptcy Act to boost Thai economy

Thailand’s new Bankruptcy Act should protect insolvent companies while providing incentives to foreign creditors to inject funds to reorganize businesses. By Kitipong Urapeepatanapong, Sawanee Sethsathira and Chirachai Okanurak of Baker & McKenzie, Bangkok
Law firms adjust to Asian economic troubles

As capital markets, project finance and securities work dry up in Asia some law firms are concerned. Most are compensating by changing the emphasis of the work they offer. Some are even expanding. By Mairi MacLean of Baines Gwinner, London
Denmark
Finland
Switzerland
United Kingdom
New Zealand
Singapore
Argentina
Brazil
Botswana
European Union
Latin America litigation
Clifford Chance and Freshfields dominate structured finance

As US firms target the international asset-backed securities market, Richard Forster and Stephen Mulrenan examine the firms behind the deals of 1997 and the prospects for securitization in 1998.
Chilean companies prepare to issue Eurobonds

Chilean companies are no longer able to supply all the finance they need domestically. This article explains how they can raise money through Eurobonds. By Ignacio Arteaga-Echeverria and Cristian Herrera-Barriga of Cariola Abogados, Santiago
Heard at the bar
Linklaters takes strategic approach towards Alliance
Reid & Priest in west coast merger and Indian link
Wilde Sapte links with Arthur Andersen
US firm leaves Almaty
UK law firm alliance ends
US court rules partners can be fired for querying bills
Freshfields’ Tokyo office gets Japanese lawyers
Founding partner quits Turkish law firm
UK firm adds Paris affiliate
Cutting edge close-up: Yanpet: largest petrochemical plant financing

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