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  • Chile
    Law 19,589, enacted on November 14 1998, reformed Decree Law 3,475 of 1980 which regulates the stamp tax applicable to documents containing loans and other credit transactions, including foreign loans granted by foreign entities to Chilean companies and individuals.
    January 01 1999
  • Uruguay
    Public offering and private placement under Securities Law
    January 01 1999
  • United Kingdom
    Banks prepare for Emu
    January 01 1999
  • Switzerland
    Parallel imports
    January 01 1999
  • Denmark
    Denmark adapts to the euro
    January 01 1999
  • City of Krakow issues first Polish eurobond
    US law firm Weil Gotshal & Manges is advising the City of Krakow on its Dm66 million ($40 million) eurobond issue. The deal, which was challenging to structure because of the Polish authorization procedure, has raised hopes in the market.
    January 01 1999
  • Surviving Russias meltdown
    Brenda Horrigan and Theodore Matheny of Salans Hertzfeld & Heilbronn examine the background to the crisis and suggest solutions to regenerate the securities market and banking sector
    January 01 1999
  • Advisers on the Channel Tunnel Rail Link Eurobond
    The British government and London & Continental Railways (LCR) have announced the advisers for the planned financing of the first stage of the Channel Tunnel Rail Link (IFLR December 1998). HSBC and Warburg Dillon Read have been appointed as joint lead managers and arrangers on next year’s Eurobond offering, which is expected to raise £2.65 billion ($4.45 billion). Deputy Prime Minister John Prescott says: “These appointments are a significant milestone in the financing of this exciting project.”
    January 01 1999
  • The DaimlerChrysler revolution
    When DaimlerChrysler’s stock began to trade on the NYSE in mid-November, a quiet revolution began for foreign equity securities trading in the US. By Nicholas DS Brumm of Cravath, Swaine & Moore, New York*
    January 01 1999
  • Singapore
    Asia PacificCompanies Act amended
    January 01 1999
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