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  • Commonwealth courts diverge on valuation losses
    A recent case reaffirms the Australian principle that lenders are entitled to calculate losses on a no-transaction basis after some negligent valuations, despite conflicting English decisions. By Francesca Rush of Corrs Chambers Westgarth, Brisbane
    August 31, 1997
  • Japan gives green light to employee share options
    A major reform of Japanese regulations, allowing companies to award share options to directors, moves regulation closer into line with the US and Europe. By Junko Mori of Asahi Law Offices, Tokyo
    August 31, 1997
  • Mergers and acquisitions: How to structure an M&A deal
    McCarthy Tétrault, Toronto and London
    August 31, 1997
  • New German firm opens
    A team of lawyers has left German firm Hölters & Elsing, Dusseldorf, to set up their own firm. Corporate partner Rainer Velten and Christian Franz, Bernd Mayer and Markus Jakoby have formed Velten Franz Mayer & Jakoby, with offices in Dusseldorf and Berlin. The firm will specialize in corporate and real estate transactions, and plans to open an office in Frankfurt shortly.
    August 31, 1997
  • Coudert enters Canada
    Coudert Brothers has announced it is to incorporate Montreal firm McDougall, Caron into its international network. The move into Canada is rare for an international US law firm and is the first US foray into Quebec. The firm has opened new offices in Berlin, St Petersburg and Denver in the last two years.
    August 31, 1997
  • Heard at the bar
    • Nancy Wodka, a project finance specialist, has moved from the Washington office of New York's Skadden, Arps, Slate, Meagher & Flom to the Washington office of Houston-based Bracewell & Patterson LLP. She will head the firm's team on international infrastructure projects .
    August 31, 1997
  • sept9720pg25.gif
    Bates Report plans to revive PFI
    In line with the recently published recommendations on the Private Finance Initiative (PFI), the UK government is to set up a Treasury Taskforce to help get projects off the ground. By Nicholas Bliss of Freshfields, London
    August 31, 1997
  • Rocky road to a liberalized Japanese legal market
    The short-term prospects for foreign lawyers in the Japanese legal market are addressed in an official report due out this year. Rob Dwyer listens to both sides of an increasingly acrimonious debate about the place of international firms in a Japan undergoing its financial ‘big bang’
    August 31, 1997
  • United States
    A major federal appeal court in the US has ruled that Hong Kong is not a foreign state for the purposes of deciding whether a Hong Kong company is entitled to sue an American firm in US courts. Because Hong Kong is not considered a state, a company organized under Hong Kong law lacks the ability to sue in US courts on the basis of diversity or 'alienage' jurisdiction.
    August 31, 1997
  • Construction law: Breach of trust in the construction industry
    Cassels Brock & Blackwell, Toronto
    August 31, 1997
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