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  • Global responsibilities
    Joseph Polizzotto, Managing Director and Deputy General Counsel, Lehman Brothers, New York, talks to Richard Forster
    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
  • United States
    We are living at a time when electronic commerce is becoming an increasingly important factor in the world of business and finance. Yet the law has only begun to formulate principles and rules to govern these new methods of communication.
    January 01, 1998
  • Denmark
    The Act was approved in parliament on May 1997 (Act no. 385/1997), extending an existing scheme regarding the new building of small ships. It is not yet determined when it will come into force.
    January 01, 1998
  • The parable of Clifford Chance
    "Where there is no vision people perish" quotes Clifford Chance's Vision of the Future from the Book of Proverbs. While one of their banking partners might be forgiven for not reading the good book, he clearly applied biblical zeal to his handling of relations with a UK financial services client, informing its in-house head that they would be more suited to another, mid-sized firm and even being so kind as to name an alternative.
    January 01, 1998
  • Gazprom in strategic alliance with Shell
    Gazprom and Shell have signed an alliance agreement to cooperate on the development of energy projects worldwide. The joint energy group will produce around 500,000 barrels a day of oil and gas condensates. As part of the alliance Shell will commit up to US$1 billion in a convertible bond to be issued by Gazprom.
    January 01, 1998
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