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  • Invigorating message
    Franz Nauschnigg, capital markets adviser to the Austrian minister of finance, talks to Graham Field
    August 31 1997
  • Simmons and Fried Frank link in capital markets
    In July, New York's Fried, Frank, Harris, Shriver & Jacobson and Simmons & Simmons of the UK created an International Securities Unit to handle both the English law and New York law aspects of securities issues. The unit, to be based in London, will be staffed by partners and other lawyers from both firms. It will handle the full range of both equity and bond issues in the US, UK and worldwide.
    August 31 1997
  • Tax: Canadian commodity tax
    Millar Wyslobicky Kreklewetz, Toronto
    August 31 1997
  • Labour & Employment: Winds of change sweep through Ontario
    Filion, Wakely & Thorup, Toronto
    August 31 1997
  • Construction law: Breach of trust in the construction industry
    Cassels Brock & Blackwell, Toronto
    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
  • Spain
    Until now, investments made by Spanish Collective Investment Institutions (IICs) in derivatives were regulated by the provisions of the Order of July 6 1992. This rule allowed such institutions to invest in derivatives traded on organized secondary markets both in Spain and in other countries.
    August 31 1997
  • Finland
    In August a government committee published its report on the proposed reorganization of Finnish government financing institutions.
    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
  • Credit Suisse in merger with Winterthur
    Credit Suisse Group, one of Switzerland's biggest banks, has merged with Winterthur, Switzerland's third biggest insurer. The SFr14.3 billion (US$9.3 billion) merger will make the new group Europe's fifth largest financial services group.
    August 31 1997
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