Search results for

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

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

Mireille Quirina, chief counsel Europe for Du Pont, talks to Diana Bentley

The first International Financial Law Review survey of the mergers and acquisitions market has identified the leading firms advising on deals worth US$1 billion or more. By Richard Forster

The recent fuss over different levels of disclosure in the US and UK by British Telecom is an example of the problems companies with multiple listings are open to. By Anthony J Herbert of Allen & Overy, London

Cancelled banking merger

The advertising group Cordiant announced in April that it will split into three companies later this year. The demerger will create Saatchi & Saatchi, a worldwide advertising network; Bates, a marketing communications network; and a media services group, Zenith. The group will hold an extraordinary general meeting of shareholders on the demerger in October.

Under new guidelines issued by the Central Bank of Cyprus, the requirements for the acquisition of shares and/or share options and/or rights issues of banking institutions listed on the Cyprus Stock Exchange are as follows:

The National Securities Commission (Comisión Nacional de Valores or CNV) has enacted its General Resolution No. 288, which aims to prevent money-laundering. The Resolution sets out general rules associated with the information to be provided by the following entities:

In contrast with Paul Hastings and Cadwalader, Washington's McKenna & Cuneo opened a small London office in March and has yet to announce its presence. The firm is trying to keep the office quiet. Office head Patrick Doyle says: "We have good relationships with many UK firms. We don't want to create the impression that coming to London would disrupt our relationships with London firms." Doyle says that he and his colleague Saleem Malik aim to "keep our heads down – we might announce something in a year or so". The firm will wait until US lawyers have come to London to reassure UK firms as to McKenna & Cuneo's intentions before making an announcement.