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Finance lawyers are calling on the European Commission to drop proposals for a new takeover directive, which they say could damage Europe's capital markets. In an article in this month's IFLR, the chairman of the company law committee of the City of London Law Society, James Palmer, calls on The High Level Group of Company Law Experts which is making the recommendations in a report to the commission, to think again.

Recent developments in the supervision of collective investment institutions By Peter R Leenders and Maarten E J Verrest of Steins Bisschop Meijburg & Co, Amsterdam

Bart P M Joosen (partner) is admitted to the Amsterdam Bar and has previously worked with Tilburg University as assistant professor corporate law, Philips Electronics as in-house counsel corporate legal department and in the Banking & Securities Law Groups of Wouters Advocaten, an associated law firm of Arthur Andersen and of Coopers and Lybrand, Legal Services. Bart Joosen has specific experience and expertise in regulatory matters for participants in the financial industry, particularly banks and insurance companies with a focus on funding of financial industry institutions capital adequacy and solvency ratio and risk management issues from a legal perspective. Furthermore Bart Joosen has built up experience and expertise in structured finance, securitisation and securities law matters. Bart Joosen frequently publishes on matters of banking and securities law and on international insolvency law. He joined Steins Bisschop Meijburg Advocaten en Notarissen & Co in 1998.

By Urs Brügger and Thomas Reutter of Bär & Karrer, Zurich

Netherlands law investment fund structures By Tom de Waard and Maurits Tausk of Clifford Chance, Amsterdam

by René Bösch and Mark-Oliver Baumgarten, Homburger, Zurich

Dr Andres Baumgartner of Dietrich, Baumgartner & Partners

Remarks by Jean-Pierre Roth, chairman of the Governing Board of the Swiss National Bank, at the Media News Conference in Zurich on December 7 2001

By Urs P Roth, chief executive officer of the Swiss Bankers Association

Jean-Pierre Roth was born on 28 April 1946; he is a citizen of Saxon, Canton of Valais. After obtaining his matriculation certificate (commercial section) in Saint-Maurice in 1965, Jean-Pierre Roth studied economics at the University of Geneva. This was followed by doctoral studies (thesis: "La politique monétaire suisse, son efficacité en changes fixes et flottants") at the Institut Universitaire de Hautes Etudes Internationales (The Graduate Institute of International Studies), Geneva. He was subsequently awarded a bursary by the Swiss National Science Foundation to pursue postgraduate studies in the United States (Massachusetts Institute of Technology). After his return to Switzerland, Jean-Pierre Roth held lectureships at the University of Geneva and at the Institut Universitaire de Hautes Etudes Internationales.