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  • Hungary forces firms to change names
    US firm Shearman & Sterling has changed the name of its Budapest office. Hungarian legislation requires the firm to set up a separate Hungarian firm made up of its Hungarian lawyers. The firm is called Bán, S Szabó & Partners and is headed by Chrysta Bán. He is assisted by Péter Szabó, who joins from rival Bogsch & Partners. The firm will continue to cooperate with Shearman & Sterling. John Baltay, head of Shearman & Sterling's Budapest office since 1992, becomes international counsel to the new firm.
    February 01 1997
  • Book review: International Trade and Legal Services
    International Trade and Legal Services
    February 01 1997
  • Finance and commodity practice opens in UK
    US firm White & Case is setting up a trade finance and commodity practice in London. Nicholas Budd, partner at the firm's Paris office, will head the group, which was first launched in France.
    February 01 1997
  • Spain
    New procedure for UCIT authorizations
    February 01 1997
  • Victoria changes rules for firms
    On January 1, the government of Victoria in Australia changed its regulations on law firms. The government felt public confidence was being undermined, for three reasons: the lack of independent regulation, limited information on billing and the restrictive nature of professional practices.
    February 01 1997
  • Switzerland
    On January 1 1997 a number of amendments to the Federal Act on Debt Collection and Insolvency of 1889 entered into force. The amendments are aimed at updating and clarifying the Act, without changing its structure. In the field of injunctions to freeze assets as a provisional remedy, three major modifications have been enacted with a view to improve the protection for the debtor and the third party holder of assets:
    February 01 1997
  • Turkey
    A provisionary measure on money-laundering came into force in September 1996 and a comprehensive law came into force in November. Turkey entered into agreements with Kazakstan, Poland, Egypt, Malaysia, China, India, Algeria and Mongolia for the avoidance of double taxation with respect to taxes on income. The Council of Ministers approved the entry of Turkey to the Cotton Advisory Committee.
    February 01 1997
  • Hong Kong booms before the hand-over
    With less than five months to go before it returns to Chinese control, Hong Kong is enjoying a surge in the property and securities markets as well as in the overall economy. Confidence is running high. Paul Lee reports
    February 01 1997
  • Hong Kong
    In December 1996, the Main Proposed Revisions to the Draft for the Composite Securities and Futures Bill were released by the Securities and Future Commission (SFC).
    February 01 1997
  • feb9720pg19.gif
    Linklaters & Paines dominates booming market
    For the first time, International Financial Law Review has identified the leading firms in the Yankee bond market. Meanwhile, Linklaters continues to dominate the Eurobond market. Richard Forster and Samantha Wigham report
    February 01 1997
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