Search results for

David Webb has long been a crusader against Hong Kong’s crony capitalism, but now he has upped the ante and is challenging the government to debate the issue of corporate governance openly. Nick Ferguson reports

Clifford Chance Rogers & Wells has grabbed a fourth bankruptcy lawyer from Morgan, Lewis & Bockius' New York office. Scott Talmadge joined this April, reuniting with former colleagues Margot Schonholtz, Mark Liscio and Jill Kurtzman, who were recruited by Clifford Chance a year ago to develop the financial restructuring practice group.

There may be no such thing as a 100% risk-free project financing, particularly in emerging markets, but excess risk is still a deterrent to investors. In the first of a two-part series, Ellen Hayes and Amy Cummings of Freshfields Bruckhaus Deringer, Washington, DC, look at what steps being taken to mitigate the problems of corruption, legislation reform and arbitration procedures

The Athens Stock Exchange launched a new market for high-tech, high-growth companies in April, looking to capitalize on the same opportunities as exchanges like the Neuer Markt. Yannis Avgerinos, of the British Institute of International & Comparative Law, looks at the rules for companies listing on the new exchange

The Financial Services Authority (FSA) is pioneering financial regulation in the UK by becoming its sole governing power, and is closely linked to the debate over European regulation. With the Authority fully assuming its powers in November this year, Sara Ver-Bruggen talks to Andrew Whittaker about the challenges it faces

Under Turkish competition law, the relevant legislation governing mergers and acquisitions is Law No. 4054 and the Communiqué on the Mergers and Acquisitions Requiring the Permission of the Competition Board (Communiqué). Under the Communiqué, a merger or an acquisition will be subject to the permission of the Turkish Competition Board if it exceeds the market share and turnover thresholds determined by the provisions of the Communiqué.

The long-awaited amendments to the provisions of Canada's provincial securities legislation governing takeover and issuer bids (sometimes referred to as the Zimmerman amendments) took effect on March 31 2001. The amendments apply to each Canadian province that has securities legislation governing takeover and issuer bids, other than Québec, where the securities regulators are awaiting legislative approvals required to implement the amendments.

On December 15 2000, Poland's parliament adopted the law on the Protection of Competition and Consumers Act (Journal of Laws No 122, item 1319), which came into force as of April 1 2001.

Most of New Zealand's insider trading laws have been in force for over 10 years, although during that time no one has ever been found guilty of insider trading. In March 2001 the government announced changes to improve New Zealand's insider trading regime. This followed the release of a discussion document on the subject in September 2000, and the resulting submissions, on which the government has decided to act.

On March 30 2001 the Ministry of Finance introduced a new Advance Tax Rulings (ATR) system. Under the new guidelines ATRs can be obtained - as in the past - for holding companies, financial service companies (eg financing and licencing companies), hybrid financing structures and permanent establishments. The aim of the new system is to improve the fiscal climate and to avoid the criticism that was heard in the past within the EU. An ATR will take the form of an agreement and will be published in an anonymous form