Search results for

In Swiss private banking, trust services and trusts have been offered and administered for decades, but the concept of trusts is almost unknown in Swiss law. As Switzerland is a civil law jurisdiction, for historical reasons, Swiss legislation does not provide for statutory provisions governing trusts. This always left uncertainty in Swiss legal practice, as well as in the Swiss trust industry, on issues such as the recognition of trusts and the law they are governed by, the enforcement of foreign judgments and the separation of assets in the event of a trustee's bankruptcy.

Recent rulings have failed to resolve the divide among US courts over applying the Central Bank ruling

The anticipated enlargement of the EU and the expansion of its internal market borders will broaden the impact of the principle of the free movement of goods and services to include the newly acceding countries (Romania and Bulgaria). A direct consequence of the implementation of this essential European Community principle will be parallel trading – a lawful form of trade within the internal market related to trading genuine goods in the country of import, without the authorization of a trademark owner.

China finally has unified bankruptcy legislation (almost)

Tax alternative offers new approach to stadium financing

How China is encouraging foreign fund managers

Section 7(3) of the Danish Financial Business Act provides as a general rule that credit and saving institutions, which are subject to a licence requirement, have an exclusive right to receive deposits and other repayable funds from the public. (The Act implements Article 3 of the Credit Institution Directive 2000/12/EC (now replaced by Article 5 of Directive 2006/48/EC) into Danish law.)

Inherent barriers to consolidation are set to limit fundamental change in the Middle East

Why so many Cayman Islands and BVI companies are joining Aim to invest in emerging markets

Mergers & acquisitions Three law firms were involved in the announced $3 billion merger of two Canadian gold mining companies. Under the terms of the deal Iamgold will buy Cambior to create a new company that will produce more than one million ounces of gold per year. Stikeman Elliott advised Iamgold on the deal, while Dorsey & Whitney and McCarthy Tétrault acted for Cambior.