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  • Procter & Gamble settlement leaves questions unanswered
    Denis M Forster of the Law Offices of Denis M Forster, New York, who advised Procter & Gamble and its trial counsel in its suit against Bankers Trust, offers a first-hand analysis of the court's holdings in the case
    July 31, 1996
  • Heard at the bar
    • US firm Winston & Strawn has rehired former partner Robert Bostrom. Bostrom will leave his post as legal and regulatory general counsel at NatWest Bancorp to head the financial institutions practice in the New York office of the law firm.
    June 30, 1996
  • New head for O'Melveny & Myers's Latin America practice
    José Fernandez has joined US firm O'Melveny & Myers as partner in charge of the firm's Latin America group. He will be resident in the New York and Los Angeles offices. Fernandez comes from the New York office of Baker & McKenzie, where he gained experience in Latin American mergers, infrastructure projects, and privatization work, including as adviser to the governments of Bolivia, Peru and Uruguay.
    June 30, 1996
  • France introduces law to implement ISD
    The EU Investment Services Directive (ISD) is finally to be enacted into French law. Jean-Guillaume d'Hérouville and Pierre Gissinger of Gide Loyrette Nouel, Paris, discuss the changes to the regulatory regime
    June 30, 1996
  • Largest ever Canadian takeover
    Inco, the North American nickel company, has acquired Diamond Field Resources, the Canadian metals company, in a US$4.3 billion agreed takeover, the largest in Canadian history.
    June 30, 1996
  • Russian law heads for EU compatability
    G L Bustin and A V Krylov of Cleary, Gottlieb, Steen & Hamilton, Brussels, look at the implications of the partnership and cooperation agreement between the EU and Russia and its impact on bilateral financial law
    June 30, 1996
  • Chile
    The Central Bank of Chile has been requiring for a number of years that all loans to Chilean residents from abroad as well as most foreign equity investments be subject to the obligation to deposit with the Central Bank, on an interest-free basis, 30% of the amount involved for a period of one year or, alternatively, to pay an equivalent fee.
    June 30, 1996
  • Running the regulator
    Ros Wright, general counsel and director of policy, the Securities and Futures Authority, talks to Richard Forster
    June 30, 1996
  • Swiss Telecom/Essar in Indian joint venture
    Swiss Telecom PTT has acquired a 30% interest in Sterling Cellular, an Indian company which holds a licence to operate cellular telephone services in Delhi. Sterling is controlled by Essar Goup, the US telecommunications company.
    June 30, 1996
  • $647 Million Samalayuca II Power Project
    The 700 MW gas-fired Samalayuca power project located south of Ciudad Juarez, Chihuahua is Mexico's first foreign-sponsored generating project to reach financial closure. The $647 million financing was concluded on May 24 after four years of negotiation.
    June 30, 1996
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