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Chilean Securities Act

Decision 486 of the Andean Community Commission, the new Intellectual Property Law for the member countries of the Andean Community (Bolivia, Colombia, Ecuador, Peru and Venezuela), grants additional protection for well-known trademarks. This protection guards well-known signs against unauthorized registration of a domain name, in all countries of the Community.

The Ontario government’s rejection of the Securities Commission proposals for derivatives regulation threatens to destroy five years of work. Margaret Grottenthaler of Stikeman Elliott, Toronto, reflects on the government’s negative response and asks where the market can go from here

Strategic Defence Take-over Insurance (SDTI) was recently launched by Lloyd's in the US, offering companies coverage in the event of hostile bids and proxy contests. Companies purchase an option which guarantees the right to secure an insurance policy, in the event that a hostile bid is received by a target company. Insured companies are reimbursed for direct costs associated with a hostile bid. The costs include expenditures on investment bankers, public relations/ advertising firms, legal advisers, proxy solicitation costs, and printing and mailing costs.

After High Court decision No. 14899/2000, the Italian Council of Ministers issued, on December 29 2000, Law Decree No. 394, on the subject of usurious loans. It aims to avoid the negative consequences that the Bank of Italy and the Italian Banking Association had anticipated would be produced by the Court's decision on the stability of the entire credit system.

A three-way merger in Europe could create the world's largest steel group. French company Usinor is merging with Luxembourg's Arbed and Aceralia in Spain to form an as yet unnnamed combined steemaker, which will be based in Luxembourg. The merger is expected to complete in autumn 2001. Aceralia shareholders will hold 20% of the company, while Arbed shareholders will control 23%. Usinor investors will hold the biggest share, with 57%. The company, which will list on Euronext, Luxembourg and Madrid, should be able to produce 46 million tons a year. It will have a market capitalization of $4.5 billion.

KPMG Consulting gave a much-needed shot in the arm to the Nasdaq market with its $2 billion initial public offering (IPO) in February. The issue was the biggest seen from a US company in almost a year. It was also the first time a big five accountancy firm's consultancy business had been floated.

For the first time in five years Linklaters & Alliance has been toppled from its top spot on stand alone bond work. Its successor is the firm who has played the bridesmaid for so long – Allen & Overy. Ben Maiden reports on the surprise results of this year’s IFLR international bond survey

Lovells has represented the world's oldest mutual life assurer, the UK's Equitable Life, in a sell-off that has dominated the British business press.

2000 was a bumper year for lawyers in Paris working at the high-end of capital markets and M&A – and not just those at the international firms. Now, as Thomas Williams reports from Paris, it is up to the regulators to make sure restrictive regulations do not stifle the boom