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  • Baker & McKenzie, Clifford Chance and Walder Wyss & Partner have advised on Switzerland's first-ever commercial mortgage-backed securitization (CMBS).
  • Davis Polk & Wardwell and Skadden Arps Slate Meagher & Flom are taking the reins on Oracle's high-profile hostile bid for PeopleSoft.
  • An agreement to create a Sino-foreign insurance joint venture with a single overseas investor will be an important test of China's investment laws.
  • It took until the start of June for the first SEC-registered American depositary receipt (ADR) offering from Asia to come to market.
  • A new report commissioned by UK regulator the Financial Services Authority (FSA) shows compliance costs have risen since the Authority took control 18 months ago and that using external lawyers to fulfil compliance requirements is inefficient.
  • Steven Kargman continues his series of articles advising creditors and debtors on managing debt restructurings outside of developed insolvency regimes
  • The EU official in charge of new legislation on European takeovers has criticized member states that are threatening the future of a draft directive aimed at making cross-border deals easier.
  • In early March 2003, the president of Ukraine signed into law the long-awaited new Civil and Commercial Codes, passed by the Parliament of Ukraine on January 16 2003. The new Civil Code replaces the effective 1963 Civil Code of the Ukrainian SSR, while the commercial code is essentially a new concept for Ukrainian legislation. Both codes will come into effect on January 1 2004.
  • The Japanese government has amended laws that relate to securities exchanges In order tto cope with global competition among stock markets. The amendments were promulgated on May 30 2003 and will take effect on April 1 2004. Of the amendments, three changes are of particular importance.
  • Since the enactment of The Provisional Regulations on Foreign-Funded Mergers and Acquisitions of Onshore Enterprises on April 12 2003, the restrictions on foreign investors who wish to acquire a company or the assets of a company that is wholly-owned by the People's Republic of China (PRC) have been relaxed.