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  • Construction law: Breach of trust in the construction industry
    Cassels Brock & Blackwell, Toronto
    August 31 1997
  • Banking: Canada welcomes foreign branches
    Aird & Berlis, Toronto
    August 31 1997
  • The Netherlands gives securitization a double boost
    The Dutch Supreme Court recently confirmed parties’ freedom to determine the choice of law in an assignment of receivables. In conjunction with new rules on SPVs, the result is a likely boom in Dutch securitization. By Piet-Hein de Jager of Loeff Claeys Verbeke, Amsterdam
    August 31 1997
  • Italian Futures Market faces privatization
    The law implementing the Investment Services Directive in Italy will have an additional impact on MIF, the Italian Futures Market – it will be privatized. By Piero Salera of Pavia e Ansaldo, Rome
    August 31 1997
  • SEC sets US funds free to choose foreign custodians
    The US Securities and Exchange Commission (SEC) has amended Rule 17f-5, relaxing the rules applying to US investment funds holding foreign assets outside the US. By Marcia MacHarg and Matthew Chambers of Debevoise & Plimpton, New York
    August 31 1997
  • Asian litigation
    The Privy Council restored Rogers J's decision in Canon Kabushiki Kaisha v Green Cartridge Co (HK) which the Court of Appeal overturned, as reported in this column in May 1995 and September 1996.
    August 31 1997
  • European Union
    On July 19 1997 the Commission published a Communication on certain legal aspects concerning intra-EU investment. The Commission examined the compatibility of national measures which restrict cross-border investment with Article 73b (capital movements) and Article 52 (right of establishment), to conclude that:
    August 31 1997
  • Philippines
    The Revised Securities Act (RSA) Full Disclosure Rules (the Rules) became effective on October 7 1996. The Rules establish an integrated disclosure system for registration statements (RS) and other reports which must be filed with the Philippine Securities and Exchange Commission (SEC) and distributed to the investing public.
    August 31 1997
  • Calenergy fails in bid for NY State Electric and Gas
    International independent power producer Calenergy failed in its US$1.92 billion bid for regional electricity and gas supplier New York State Electric and Gas Corp.
    August 31 1997
  • French firm links up with Big Six network
    French firm Thomas & Associés, with 50 lawyers, has announced it will merge with 220-lawyer firm Deloitte et Touche Juridique et Fiscal, part of Deloitte Touche Tohmatsu International, on September 1.
    August 31 1997
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