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  • Guernsey law firm, Ferbrache & Co (soon to be renamed Ferbrache Morgan) plans to poach partners from City firms in a bid to compete with other firms on the island. The planned growth has resulted from Ferbrache & Co receiving more work as a result of its alliance with The Bank of East Asia.
  • 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
  • Law 19,589, enacted on November 14 1998, reformed Decree Law 3,475 of 1980 which regulates the stamp tax applicable to documents containing loans and other credit transactions, including foreign loans granted by foreign entities to Chilean companies and individuals.
  • Public offering and private placement under Securities Law
  • Banks prepare for Emu
  • Parallel imports
  • Denmark adapts to the euro
  • US law firm Weil Gotshal & Manges is advising the City of Krakow on its Dm66 million ($40 million) eurobond issue. The deal, which was challenging to structure because of the Polish authorization procedure, has raised hopes in the market.
  • 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
  • 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.”