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  • Italy
    Under Legislative Decree No. 239 of April 1 1996, payments of interest and any other proceeds from bonds issued by banks or companies whose shares are listed on Italian regulated markets, are not subject to withholding or deduction. Under the Decree, payments are made to a legal entity resident in Italy (with certain exclusions) or to non-Italian-resident legal entities/individuals.
    February 01, 1998
  • Hungarian legal market faces contraction
    A number of foreign firms have left and are likely to leave Hungary, pushed out more by a change in the work on offer than by the planned amendments to the bar rules for foreign lawyers. Richard Forster reports
    February 01, 1998
  • Skadden opens in Silicon Valley
    New York-based Skadden, Arps, Slate, Meagher & Flom is set to open an office in Silicon Valley, California. It will be the centre of Skadden's high technology practice as well as focusing on mergers and acquisitions and intellectual property (IP) issues, capital market transactions and litigation matters.
    February 01, 1998
  • Saudi power market opened to foreign investment
    A new rule opens Saudi Arabia to independent power projects for the first time. Project finance is likely to take off, and the forthcoming power plant, Shuaiba, may be a BOO project. By Steven Miles of Arent Fox, Washington DC and Jeddah, Saudi Arabia
    February 01, 1998
  • Lazio plans MTN programme
    Lazio will be the first region in Europe to launch a global MTN programme. The programme has approval for US$1 billion of international debt issues.
    January 01, 1998
  • Uruguay
    Until the early 90s, Uruguay's capital markets looked modest. Most securities traded were public instruments issued by the Central Bank; and not many companies quoted their stock on the Montevideo Stock Exchange, the one stock exchange in place.
    January 01, 1998
  • Brazil
    Important features of Law 9.514 of November 20 1997 include:
    January 01, 1998
  • Singapore
    The relaxation of the law that prohibits companies from buying back their own shares is now under review by the Registry of Companies.
    January 01, 1998
  • Finland
    In July 1997 a special one man taskforce was appointed by the Ministry of Finance to prepare a proposal for the reorganization of the supervision of Finland's financial and insurance markets. Particular attention was to be paid to the integration and technical development of the financial and insurance markets.
    January 01, 1998
  • Austria
    The Insolvency Law Reform Act 1997 (1997 Act) contains amendments to Austrian corporate law, including statutory provisions to strengthen the supervisory board's control function in joint stock corporations (AG) and in limited liability companies (GmbH). The following reforms should more effectively prevent corporate insolvencies:
    January 01, 1998
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