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  • A series of policy objectives and specific measures to improve the single market for financial services over the next five years have been outlined in the Financial Services Action Plan adopted at the start of May by the European Commission
  • The upturn in growth that started in 1997 accelerated in 1998. Annual average GDP growth stood at 3.2%, after 2.3% in 1997 and 1.6% in 1996.
  • Banking By Velupillai Murugesu and Kandiah Neelakandan of Murugesu & Neelakandan, Colombo
  • An overview of project finance and islamic finance By Richard de Belder and Chris Ruder of Bryan Cave LLP, Abu Dhabi, Dubai, Kuwait and Riyadh
  • Winston and Strawn has raided its New York rivals to add four new partners.
  • Overview of developments in the past year By Richard M Gray of Milbank, Tweed, Hadley & McCloy LLP, Singapore
  • Charges over book debts finally fixed
  • UK law firm Cameron McKenna has joined with five European firms to form an alliance covering 19 countries and 31 offices.
  • As part of their joint effort to support the development of small and medium-sized enterprises (SMEs) in central and eastern Europe, the European Commission and the European Bank for Reconstruction and Development (EBRD) have reached an agreement to establish a euro125 million SME Facility for the 10 central and eastern European countries that are candidates for European Union (EU) accession.
  • After meetings with foreign investors, the Vietnamese government has introduced a series of measures to attract foreign capital. Tony Foster and Dang Duong Anh of Freshfields, Hanoi discuss the changes for new and existing investors