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  • How to trade in Brazilian government bonds
    The market for Brazilian sovereign debt is becoming increasingly attractive for international banks. By Walter Douglas Stuber and Adriana Maria Gödel of Amaro, Stuber e Advogados Associados, São Paulo
    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
  • 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
  • How to defend a hostile takeover bid in Germany
    Corporate governance and insider trading rules limit the options for a target's management. Long-term planning is essential. By Philip Rogers of Arnheim & Co*, London, and Christian Altvater of Nehm & Co*, Frankfurt
    February 01, 1998
  • Czech lawyers survive in tough market
    In a very hard year for the Czech economy, the former overly-optimistic comments about the economy have been replaced by more realism and pessimism. But many of the remaining law firms continue to prosper. Paul Lee reports
    February 01, 1998
  • Philippines
    Republic Act No. 8366 (Act) was made law on October 21 1997 and took effect on November 14 1997. The law aims to liberalize the Philippine investment industry by amending certain sections of Presidential Decree No. 129 (Decree), known as the Investment House Law.
    February 01, 1998
  • Montreal firms merge to bolster position
    Montreal firms McMaster Meighen and Mackenzie Gervais are to merge in March 1998. The merged firm will be called McMaster Gervais and will be one of Montreal's biggest, with about 100 lawyers.
    February 01, 1998
  • LeBoeuf opens in Houston
    New York's LeBoeuf, Lamb, Greene & MacRae LLP has opened in Houston. It will be the firm's 19th office and its 15th in the US.
    February 01, 1998
  • Ciba wins Allied Colloids
    On January 21 Swiss chemical group Ciba announced it is to buy UK industrial chemical maker Allied Colloids with a friendly offer of US$2.33 billion. Ciba Specialty Chemical Holding bid US$3.36 per share of Allied Colloids, knocking out rival US bidder Hercules.
    February 01, 1998
  • New Zealand
    A recent High Court decision (Anchorage Management Limited v D A Oldham & P J Cordner as trustees of the Royds Family Trust) provides a useful reminder of the potential impact of the Limitation Act 1950. The case involved a debt due from a family trust which was 'payable on demand'. The court reaffirmed a centuries' old rule that, on their own, the words 'payable on demand' are not sufficient to qualify the implied promise of immediate repayment.
    February 01, 1998
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