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  • From January 1 2000 the supervisory authorities for almost all financial, securities and insurance laws of the Netherlands were given authority to impose both fines and cease and desist orders reinforced by monetary penalties, thereby greatly increasing their powers of enforcement. Until now the supervisory authorities' most important means of enforcement was to ask the public prosecutor to start a criminal investigation into the alleged offence, which only rarely led to a prosecution or conviction.
  • In November 1998 the Finnish Ministry of Justice appointed a working group to provide a comprehensive assessment of the need to amend the Finnish Companies Act and other legislation applicable to limited liability companies as well as to propose a procedure for the implementation of amendments.
  • Baker & McKenzie has acted as both international and Italian counsel to leading German bank WestLB, on a securitization of Italian lease receivables.
  • UK firms are demonstrating their confidence in a resurgent Asia. Clifford Chance has opened in Jakarta. Linklaters has appointed a managing partner for the region. Rowe & Maw has linked up with a Hong Kong firm.
  • Where IT Converges
  • The general principles for the regulation of telecommunications were laid down in the Telecommunications Act adopted in 1992.
  • In France, the question of internet access has been the subject of recent regulatory developments relating mainly to lower rates and of two decisions rendered by the French Competition Council. Moreover, the French Personal Data Authority recently issued a report concerning spams.
  • Liberalization of Fixed Voice Telephony
  • Development of telecoms market since liberalization
  • Outline of the communications and multimedia act 1998