Search results for

Rodrigo Nascimbeni of Pinheiro Neto - Advogados reviews the new rules and prospects for the BDR market

In the second part of their review of Canada’s new financial legislation, Robert McDowell and Robert Elliott of Fasken Martineau DuMoulin, Toronto, look at how the law will affect foreign banks seeking to open branches or run operations in Canada

The interaction between the internet and world stock markets is easily seen in the fortunes made (and lost) from volatile dot.com shares. But as Nancy Leigh of Baker & McKenzie, Hong Kong, explains, the net is also helping reshape the structure of the securities industry

Henri Wagner of Beghin & Feider, in association with Allen & Overy, looks at how Luxembourg’s regulator is trying to encourage wider participation in its financial markets

Since introducing the International Collective Investment Schemes concept last May, Cyprus has been active in refining the regulations governing their use. Constantinos Adamides, Adamos K Adamides & Co examines the latest developments

Markus Affentranger of Baker & McKenzie, Zurich, looks at the regulations governing Swiss export risk guarantees and examines the coverage they can offer to international project financings

The use of commercial paper as an alternative way to raise capital is becoming increasingly popular in Poland. The first Polish commercial paper was issued in 1992 under the name "commercial coupons". Since that time a growing number of entities have decided to take advantage of this financial instrument.

In July, following an investigation by the European Commission merger authority, Industri Kapital, a Scandinavian venture capital group, was given clearance to continue with its acquisition of Dyno, a Norwegian chemicals and explosives company. Although, outside the industry, this may not be considered newsworthy in itself, what is interesting is that Industri Kapital was only given the go-ahead subject to divestiture, which is unusual for venture capital groups. The principal concern of the the timber processing industry in Finland was that, as Industri Kapital was already dominant in the supply of formaldehyde and production of resin in Finland, the acquisition of Dyno would lead to a virtual monopoly in these areas.

Kazakhstan's new law on financial leasing (the Lease Law) became effective on July 13. It regulates tripartite transactions involving a sale of assets from a supplier to a lessor, followed by the lessor's lease of those assets to a lessee. Although this type of transaction was first recognized by the special part of the Civil Code in July 1999, it has remained relatively rare due to the lack of clarifying legislation.

In the past, registered shares have only been issued by a very limited number of German stock corporations. Instead, the vast majority of listed companies in Germany used to issue bearer shares. It was only in 1998/99 that the issuance of registered shares began in earnest, when modern information technology enabled the central Germany clearing house, Clearstream Banking, to overcome difficulties in handling registered shares. Since then, a number of big DAX-listed corporations have changed from issuing bearer shares to registered shares. In doing so they intend to get a better picture of their shareholders, improve their investor relationships and obtain an acquisition currency for takeovers of US companies by directly listing the shares on US stock markets without having to implement an American depositary receipt program.