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  • Cyprus aims to attract foreign funds with collective investment schemes
    Since introducing the International Collective Investment Schemes concept last May, Cyprus has been active in refining the regulations governing their use. Constantinos Adamides, Adamos K Adamides & Co examines the latest developments
    August 31 2000
  • Poland
    The use of commercial paper as an alternative way to raise capital is becoming increasingly popular in Poland. The first Polish commercial paper was issued in 1992 under the name "commercial coupons". Since that time a growing number of entities have decided to take advantage of this financial instrument.
    August 31 2000
  • Colombia
    New foreign exchange regulations were recently introduced in Colombia and a regulation project intended to facilitate foreign investment in the country is pending.
    August 31 2000
  • Italy
    A significant reorganization of the regulatory provisions applicable to Italian investment firms (SIMs) is in the process of being implemented. Under a decree, dated August 4, issued by the governor of the Bank of Italy a unified text of rules has been approved to govern SIMs. The new regulation ties together EU and national regulatory provisions on investment firms, taking into consideration their most up-to-date operational requirements.
    August 31 2000
  • Kazakhstan
    Kazakhstan's new law on financial leasing (the Lease Law) became effective on July 13. It regulates tripartite transactions involving a sale of assets from a supplier to a lessor, followed by the lessor's lease of those assets to a lessee. Although this type of transaction was first recognized by the special part of the Civil Code in July 1999, it has remained relatively rare due to the lack of clarifying legislation.
    August 31 2000
  • Germany reacts to Vodafone challenge with new takeover law
    The German government has been quick to respond to Vodafone’s ground-breaking hostile bid for Mannesmann. In June, it introduced proposals to regulate takeovers for the first time. Hartmut Krause of Allen & Overy, Frankfurt, explains the proposed rules
    August 31 2000
  • In Brief
    Germany signs up for e-commerce bill
    August 31 2000
  • A&O and Simmons close to completion of helicopter merger
    Allen & Overy and Simons & Simmons are working on the proposed $2.1 billion joint venture between Italy's Finmeccanica and the UK's GKN, which the companies hope to close this autumn. The deal is an opportunity for both firms to integrate their Italian entities into advisory teams.
    August 31 2000
  • White & Case advises on Slovak Telekom sale
    White & Case has helped the Slovak government to complete the privatization of the Slovak Republic's state monopoly telecommunications company. The deal was signed on August 4 when Deutsche Telekom bought a 51% stake in the company, Slovak Telekom, for euro 1 billion ($900 million).
    August 31 2000
  • Andersen Legal merges in Brazil
    Andersen Legal has created Brazil's first combined legal and auditing practice. Thiollier, Pinheiro e Branco Advogados formally started operations on August 4 with the merger of Andersen Legal firm Branco Advogados Associados and local firm Thiollier e Pinheiro Advogados. The merger had been opposed by some Brazilian firms, which argued that a combined accountancy and legal practice would cause client conflict and referral problems.
    August 31 2000
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