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  • The recent law implementing EU financial services policy in France has introduced ‘regulated markets’, ‘market enterprises’ and other new concepts. By Antoine Maffei of De Pardieu Brocas Maffei & Associés, Paris
  • The Court of First Instance recently delivered its judgment in WWF UK v Commission (T-105/95) in which it considered the Commission's decision to refuse the World Wildlife Fund (WWF) access to documents relating to its investigation into the Irish Mullaghmore project to build a visitors' centre in the Burren National Park in Ireland.
  • Privatization of mining group
  • In its February session, the Swiss Federal Banking Commission gave the green light for the first two foreign funds with special risks to be sold and marketed in Switzerland.
  • In the January 1997 briefing we noted that a parliamentary committee was expected to propose amendments to the Companies Act of1975, one of which would permit Swedish companies to repurchase their own shares. This proposal has now been published (SOU 1997: 22).
  • The amendments to the Finnish Companies Act (see International Financial Law Review, August 1996, page 56) and certain related legislation were ratified in February 1997 and due to come into effect on September 1 1997.
  • Treasury Ministry Decree No. 703 of November 21 1996 setting out the criteria to be followed by the management of pension funds with regard to investments and the limits on investments and derivatives transactions has been published in the Official Gazette and is now in force.
  • At the end of 1995 the Danish parliament decided that the rules on the rights and duties of of the management of financial institutions (insurance companies, banks, stockbroker firms, pension funds and so on) should be harmonized and, where appropriate, tightened. In February of this year, the Ministry of Economy, which now encompasses the Financial Supervisor, submitted its proposal on the matter to other ministries and interested bodies for comment.
  • Ken Mildwaters, group legal and trade marks director of Guinness PLC, talks to Diana Bentley
  • Foreign investments