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  • Argentina
    The recently enacted Decree 627/96 has provided a new set of rules in connection with leasing transactions. The Decree applies to leases governed by Argentine Law 24,441, in which the lessor is:
    September 30 1996
  • Turkey
    The following is a summary of recent developments:
    September 30 1996
  • Jersey
    The Bankruptcy (Désastre) (Jersey) Law, 1990 contains provisions on disqualifying directors of a company which has been declared 'en désastre' (bankrupt).
    September 30 1996
  • Brazil
    Provisional Measure 1541 allowing the federal government to give financial support to state governments willing to privatize state banks or to liquidate or transform them into non-financing institutions was enacted on September 5 1996. The programme will be funded by a federal government bond issue, but the public debt is expected to fall after the privatization of state assets.
    September 30 1996
  • On-exchange derivatives face comprehensive global regulation
    An increasingly global derivatives market, in which crises always have international effects, requires a global, comprehensive regulatory regime. Eric Bettelheim of Mayer, Brown & Platt, London reports on the first steps
    September 30 1996
  • Germany amends own funds requirements
    Dr Berthold Kusserow and Dr Eva Reudelhuber discuss how own funds requirements for banks and investment services firms in Germany will change when the draft sixth amendment to the German Banking Act comes into force in 1997
    September 30 1996
  • US$1.2 billion Zhuhai power plant closes
    The Zhuhai power project in China is the first project financing to reach financial close without guarantees from the government or any financial institution. The US$1.2 billion financing for the 2 x 660 MW coal-fired plant closed in September.
    September 30 1996
  • Spanish merger marks watershed
    In one of the most significant moves in the expansion of the legal networks of the big six, Ramon Lladó, managing partner with Madrid-based J&A Garrigues, has confirmed that the firm is in merger talks with Spanish legal firm Arthur Andersen ALT.
    September 30 1996
  • Asian governments must write attractive contracts
    In the second of two articles, Tim Soutar and Judith Hanson, of Clifford Chance, Hong Kong, continue their discussion of the role played by Asian governments in developing independent power sectors
    September 30 1996
  • Allen & Overy in US hire
    UK firm Allen & Overy has announced the appointment of US lawyer David Slade as partner in its New York office. In a move designed to give the firm a dual US and UK capability in project finance work, Slade will be joined by dual-qualified partner Carl Sheldon who moves from the Frankfurt office.
    September 30 1996
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