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  • A wide-ranging reform and codification of Italian capital markets law tidies up some outstanding problems. It also introduces detailed rules on corporate governance. By Susanna Beltramo and Stefano Agnoli of Studio Legale Beltramo, Rome
  • Privatization and deregulation are creating a more modern business environment in Austria and law firms are under increasing pressure to provide a similarly modern service. Nick Ferguson writes
  • Formerly restrictive of international offerings of securities, the British Columbia Securities Commission has introduced measures more favourable to foreign purchasers. By David Glennie, Peter O’Callaghan and Geoffrey Belsher of Blake, Cassels & Graydon, London and Vancouver
  • The OECD convention against corruption is a major step against bribery. But a totally fair market is still far off. By Michael Hershman of Decision Strategies/Fairfax International LLC, Falls Church, Virginia
  • To cut perceived abuses of the safe harbour for offshore securities sales, the US SEC has restricted the use of Regulation S by US issuers. By Richard Muglia and Annemarie Tierney of Skadden, Arps, Slate, Meagher & Flom LLP, London
  • The new ISDA standard confirmation for credit swaps should boost the credit derivatives market. By Daniel P Cunningham, R Brent Jones and Thomas J Werlen of Cravath, Swaine & Moore, New York
  • Philippe Dewast, legal director at Eurotunnel, Calais, talks to Nick Ferguson
  • Chilean companies are no longer able to supply all the finance they need domestically. This article explains how they can raise money through Eurobonds. By Ignacio Arteaga-Echeverria and Cristian Herrera-Barriga of Cariola Abogados, Santiago
  • Peruvian company Minera Yanacocha was formed by a group of investors in 1992 to exploit a mine in the northern region of Cajamarca. The company today holds one of the most attractive gold deposits in the world, with an estimated production of 1 million ounces of gold a year. It is also the subject of shareholder litigation over shares worth more than US$100 million, now awaiting a final vote in the Supreme Court and representing the most important legal claim in Peru's mining history.
  • As US firms target the international asset-backed securities market, Richard Forster and Stephen Mulrenan examine the firms behind the deals of 1997 and the prospects for securitization in 1998.