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  • lastminute.com and egg.com have shown how the internet can be used successfully to promote securities offerings. But investors and issuers still face legal challenges in protecting themselves. Alero Cave, Anky Chan and Marco Crosignani of Allen & Overy, London, report
  • Turkey amends Banks Act
  • Alain Gauvin of Coudert Brothers, Paris, argues that proposed reforms should not limit the rights of French OPCVMs to use credit derivatives
  • Bankruptcy law in Kazakhstan
  • Bankruptcy and insolvency; special rules on banks and financial institutions
  • Swedish Securities Council issues statement on mandatory bids
  • Seven firms are involved in the proposed $46 billion combination of Vivendi with the Seagram Company and the Canal+ television station.
  • Review of company law to examine public offering rules
  • Morgan Stanley Dean Witter and Chase Manhattan have set up a £1.3 billion ($1.95 billion) working capital facility and a £2.5 billion senior facility for NTL Communications, helping to cover the acquisition of Cable & Wireless' UK residential cable business.
  • Antonio Sáinz de Vicuña, European Central Bank: In an exclusive interview, the general counsel of the European Central Bank talks to Rufus Jones about European stock market mergers, the future for regulation and the performance of the euro