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  • White & Case links with Brussels boutique
    James Hurlock, White & Case: "Similar arguments [in favour of mergers] would apply in other European countries. We are considering our options and other firms have approached us"
    January 01 1998
  • Canadian firms prepare for foreign invasion
    Coudert Brothers and Ernst & Young have recently entered the Canadian legal market. Most Canadian lawyers expect other US law firms or professional services firms to follow their example, and are reviewing their position. Paul Lee reports
    January 01 1998
  • Brazil eases route for pre-export credits
    Pre-export credits are offered a beneficial tax rate in Brazil. The attractions are clear but rescheduling should be avoided. By Richard W Grice of Alston & Bird, Atlanta, and Ana Carolina de Salles Freire of Tozzini, Freire, Teixeira e Silva, São Paulo
    January 01 1998
  • How to set up a foreign bank branch in China
    Bank branches are the basic way for foreign banks to operate in China. This is an explanation of the complex application and licensing process. By Philip Gilligan and Steven Blayney of White & Case, Hong Kong
    January 01 1998
  • France boosts securitization market
    An October Decree removes many of the disadvantages of France's FCCs as securitization vehicles. The reform should boost the French and the European securitization markets. By Richard Parolai and Jonathan Lewis of Clifford Chance, Paris
    January 01 1998
  • House of Lords upholds charge-backs over deposits
    Pragmatism has prevailed at last. The UK's House of Lords has rejected Charge Card and acknowledged the reality of charge-backs under English law. By Geoffrey Yeowart of Lovell White Durrant, London
    January 01 1998
  • European Union
    The Commissioner responsible for the single market, Mario Monti, put forward a revised draft of the proposal for a 13th Company Law Directive on conduct during takeover bids. The new draft takes on most of the concerns of the European Parliament, the Economic and Social Committee and other interested parties. It entitles employees of target companies to be informed once a bid is made public and to receive a copy of the offer document.
    January 01 1998
  • Brazil
    Important features of Law 9.514 of November 20 1997 include:
    January 01 1998
  • Uruguay
    Until the early 90s, Uruguay's capital markets looked modest. Most securities traded were public instruments issued by the Central Bank; and not many companies quoted their stock on the Montevideo Stock Exchange, the one stock exchange in place.
    January 01 1998
  • Singapore
    The relaxation of the law that prohibits companies from buying back their own shares is now under review by the Registry of Companies.
    January 01 1998
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