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  • Rules governing the listing of derivative warrants have just been introduced by the Cayman Islands Stock Exchange. The Exchange’s Chief Executive Officer, Ann Nealon explains the rules and the success they have already achieved with issuers
  • The Task Force created by the Ontario Securities Commission has released its report on debt-like derivatives recommending legislation for the protection of retail investors. Clint Calder and Ron Schlumpf of CIBC World Markets, Toronto review the proposals
  • BVL: Anyone watching the future?
  • Changes in corporate law
  • IPOs under scrutiny by the Finnish financial supervision
  • Introduction of a bill on alteration of non-competition and non-solicitation clauses
  • Foreign exchange control and the introduction of the euro
  • On April 9 1999 the European Commission gave its approval to the takeover by the French insurer AXA of the UK insurance company Guardian Royal Exchange (GRE).
  • Based on its experiences with European exchanges, the Commodity Futures Trading Commission plans to allow US customer access to foreign electronic trading systems. By Michael S Sackheim, Brown & Wood LLP, New York
  • UK company Imperial Tobacco has issued its first ever Yankee bond, worth $600 million with the aid of US firms Weil Gotshal & Manges and Brown & Wood.