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  • Poland
    The origin of regulations on the institution of collective investment dates back to the beginning of the Polish capital market. The Act on Public Trading in Securities and Trust Funds of 1991 (replaced in 1998 with the current Act on Public Trading in Securities), constituted the most important regulation in this area. By Boguslaw Ptak of Wierzbowski & Co, Warsaw
    October 02 1999
  • Switzerland
    The first legislation regulating investment funds was introduced in Switzerland in 1967. It contained strict and inflexible investment rules due to the view of the legislators at that time that they had to safeguard investors' interests mainly through restrictions. By Filippo Th. Beck of Wemger Plattner, Zurich and Basel, with the assistance of Dominique Portmann and Christina Amgwerd-Sheaff
    October 02 1999
  • Italy
    There is no doubt the Italian public has a newfound interest in mutual funds. The net collection of savings by Italian Mutual Funds reached approximately L353 billion ($195 million) in 1998, a figure that more than doubled compared to that of the previous year and which accounts for 85% of the total managed investment. By Massimo Trentino of Studio Legale Carnelutti, Rome
    October 02 1999
  • Mauritius
    Since its beginning as an offshore fund centre in 1992 Mauritius has gained significant recognition as a credible and reliable jurisdiction. More than 150 funds have been set up in Mauritius to date with assets under management in excess of $4 billion. By Jimmy Wong, Yuen Tien and Iqbal Rajanbalee of De Chezel du Mee, representing Andersen Worlwide, Mauritius
    October 02 1999
  • Ireland
    This Article describes briefly the type of fund vehicles and structures available in Ireland and their principle legal and tax characteristics and provides an overview of the regulation of such fund vehicles by the Central Bank of Ireland. By David McGeough & James Scanlon of Matheson Ormsby Prentice Solicitors, Dublin
    October 02 1999
  • Germany
    Changes in German taxation affecting foreign investment funds By Felix Klinger and Bernd Schmitt of Ernst & Young, Frankfurt
    October 02 1999
  • European Union
    International Fund Management Developments By Martin Cornish of Arnheim, Tite & Lewis, London
    October 02 1999
  • Cyprus
    International Collective Investment Schemes By Elia A Neocleous of Andreas Neocleous & Co, Limassol
    October 02 1999
  • China
    Development of the investment funds industry By Philip Millward and Qiao Gangliang of Paul weiss Rifkind Wharton & Garrison, Hong Kong and Beijing
    October 02 1999
  • Internet offerings
    Securities and the Internet: SEC oversight By Yukako Kawata, Nora M Jordan and Terrance O'Malley of Davis Polk & Wardwell, New York
    October 02 1999
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