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  • Brenda Horrigan and Theodore Matheny of Salans Hertzfeld & Heilbronn examine the background to the crisis and suggest solutions to regenerate the securities market and banking sector
  • UAE
    Interest on deposit
  • Netting laws to be extended to payment systems
  • The British government and London & Continental Railways (LCR) have announced the advisers for the planned financing of the first stage of the Channel Tunnel Rail Link (IFLR December 1998). HSBC and Warburg Dillon Read have been appointed as joint lead managers and arrangers on next year’s Eurobond offering, which is expected to raise £2.65 billion ($4.45 billion). Deputy Prime Minister John Prescott says: “These appointments are a significant milestone in the financing of this exciting project.”
  • Dutch communications utility KPN, and US communications carrier Qwest are joining forces to put $700 million-worth of fibreoptic links into a network that will provide internet links across Europe. The venture, named KPN Qwest, will start in January. The companies plan to spend $500m more on the project in the next two years.
  • The Polish government has completed the second stage of its sale of a 15% stake of Telekomunikacja Polska SA (TPSA), the state telecoms company.
  • The German government has been formulating plans for energy reform since early 1996 and a new energy bill has finally been completed. By Jan Byok of Wessing
  • Firms in Asia are all looking to restructuring to survive but who’s really bringing in the corporate recovery work in the region? Alison Shaw reports from Hong Kong
  • Public offering and private placement under Securities Law
  • Banks prepare for Emu