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  • Spain
    The Spanish Government has approved the creation of a new technology market for high growth companies. The Spanish National Securities Market Commission's (CNMV) Circular 1/2000 of February 10 develops a Ministerial Order of December 22 1999. The main features of the Spanish New Market are as follows:
    March 01 2000
  • Italy
    Article 113, paragraph 3 of Legislative Decree No 58 of February 24 1998 (Legislative Decree No 58) expressly contemplates that a prospectus drafted in line with EU directives and approved by the competent authority of another member state is recognized by Consob for being admitted to tradings on a regulated Italian market subject to the following of the modalities to be implemented by Consob through specific regulations.
    March 01 2000
  • The Netherlands
    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.
    March 01 2000
  • Finland
    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.
    March 01 2000
  • Baker & McKenzie completes Italian first
    Baker & McKenzie has acted as both international and Italian counsel to leading German bank WestLB, on a securitization of Italian lease receivables.
    March 01 2000
  • UK firms make further Asian in-roads
    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.
    March 01 2000
  • Singapore
    Where IT Converges
    February 02 2000
  • Hungary
    The general principles for the regulation of telecommunications were laid down in the Telecommunications Act adopted in 1992.
    February 02 2000
  • France
    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.
    February 02 2000
  • Portugal
    Liberalization of Fixed Voice Telephony
    February 02 2000
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