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  • End of the line for cosy Danish closed shop
    Half of Denmark’s traditionally small, family-based firms are set to disappear, according to a recent report. Clare Hepburn looks at how lawyers there are meeting the challenges of liberalization
    June 30 1997
  • Hong Kong looks to cast off UK company law past
    A report on company law commissioned by the Hong Kong government calls for radical streamlining and a move away from British legislative models. By Cally Jordan of Stikeman, Elliott, Hong Kong
    June 30 1997
  • Wallis Report offers blueprint for competition
    The commission considering financial regulation in Australia has recommended a new format for regulation, aimed at boosting financial services competition. By Don Harding of Freehill Hollingdale & Page, Sydney
    June 30 1997
  • Japan deregulates foreign exchange
    The first measure in the long-awaited liberalization of Japanese financial markets has been passed. Naoaki Eguchi, Yasushi Murofushi and Jeremy Pitts, of Tokyo Aoyama Law Office – Baker & McKenzie, Tokyo look at the new foreign exchange regime
    June 30 1997
  • City Litigation
    Auditors' duty of care
    June 30 1997
  • Italy
    The cabinet has recently approved a draft Bill, which will now go before parliament, enabling the government to adopt the necessary provisions for the replacement of the lira by the Euro.
    June 30 1997
  • Finland
    The Finnish government recently proposed changes to the regulation of the subscription and purchase of shares in real estate funds aimed at creating a more secure and better regulated means of investing in real property. The new legislation would apply to public limited liability companies (referred to in the proposal as 'real estate funds') through which the public can participate in a fund primarily investing in real estate and shares in real estate companies.
    June 30 1997
  • Czech power financing complete
    The US$400 million financing of the ECK Generating (ECKG) power plant in Kladno, Czech Republic, has reached financial closure. This is the first independent power project in the Czech Republic to be funded on a project finance basis. The financing is structured in Czech koruna, Deutschmarks and dollars.
    June 30 1997
  • Panama launches privatization
    The government of Panama has sold a 49% stake in the country's national telephone company, Intel, in central America's first telecoms privatization. UK telecoms company Cable & Wireless paid US$632 million in cash for the stake, beating rival bidder GTE Corporation of Stamford.
    June 30 1997
  • Talking points
    The Third Annual In-House Counsel Event
    June 30 1997
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