IFLR Search

Continuous disclosure divides lawyers

Should public companies be forced to suffer for the principle of market integrity? This was the question lawyers wrestled with during an IBA session on continuous disclosure.

September 30 2003

Busy week for US offerings brings welcome tonic for advisers

The US equity markets continued to return to life with a rush of initial public offerings (IPOs) last week. The deals, which included both new and mature technology companies, offered a welcome return to the fray for legal advisers at a range of firms.

September 30 2003

SEC to exempt foreign banks from insider lending ban

The SEC last month responded to pressure from European banks by suggesting exemptions for foreign financial institutions from the ban on insider lending introduced by Sarbanes-Oxley. Kenneth Blackman of Fried Frank Harris Shriver & Jacobson explains which banks could qualify

September 30 2003

Yale study proves good securities laws mean more public offerings

The results of a study by Yale University unveiled at a conference in San Francisco prove that the right kind of securities laws make for bigger and better stock markets.

September 30 2003

Global best practice report highlights split

The release of draft recommendations for best practice in cross-border legal services at an IBA showcase session highlighted divisions within the profession.

September 30 2003

Austria

In July 2003 the Austrian parliament enacted the Real Estate Investment Fund Act (Immobilien-Investmentfondsgesetz - ImmoInvFG), which came into force on September 1 2003. This new legislation aims, in particular, to encourage private investments in real estate. Previously, Austrian law had only contained rules concerning investment funds in securities.

September 30 2003

Prospectus law harmful, say specialists

Speakers at an IBA session last month on Europe's Prospectus Directive said they were unconvinced the law will benefit the capital markets.

September 30 2003

Why Switzerland still waits for its securitization wave

With a series of securitizations coming to market, including Switzerland's first commercial mortgage-backed deal and its largest public securitization, some observers are again optimistic about the erratic Swiss structured finance market. Megan Murphy explores whether these transactions are part of a new wave of deal-making, or just another blip

September 30 2003

European Parliament adopts new share trading rules

The European Parliament overwhelmingly approved radical changes to the decade-old Investment Services Directive (ISD) last week, aimed at harmonizing share trading rules and boosting competition between banks and stock exchanges throughout the EU.

September 30 2003

Leadership the key to governance reform

Directors' attitudes are vital in determining the success of corporate governance reforms, a panel of general counsel told an IBA session.

September 30 2003

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