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  • End of the line for cosy Danish closed shop
    Half of Denmark’s traditionally small, family-based firms are set to disappear, according to a recent report. Clare Hepburn looks at how lawyers there are meeting the challenges of liberalization
    June 30 1997
  • Hong Kong looks to cast off UK company law past
    A report on company law commissioned by the Hong Kong government calls for radical streamlining and a move away from British legislative models. By Cally Jordan of Stikeman, Elliott, Hong Kong
    June 30 1997
  • Japan deregulates foreign exchange
    The first measure in the long-awaited liberalization of Japanese financial markets has been passed. Naoaki Eguchi, Yasushi Murofushi and Jeremy Pitts, of Tokyo Aoyama Law Office – Baker & McKenzie, Tokyo look at the new foreign exchange regime
    June 30 1997
  • Italy
    The cabinet has recently approved a draft Bill, which will now go before parliament, enabling the government to adopt the necessary provisions for the replacement of the lira by the Euro.
    June 30 1997
  • Finland
    The Finnish government recently proposed changes to the regulation of the subscription and purchase of shares in real estate funds aimed at creating a more secure and better regulated means of investing in real property. The new legislation would apply to public limited liability companies (referred to in the proposal as 'real estate funds') through which the public can participate in a fund primarily investing in real estate and shares in real estate companies.
    June 30 1997
  • Conducting the legal team
    Mireille Quirina, chief counsel Europe for Du Pont, talks to Diana Bentley
    June 30 1997
  • Second flotation for Avis Europe
    Avis Europe, the leading car rental company in Europe, has floated for the second time on the London Stock Exchange, at 124 pence a share. The company first listed in 1986, after which it was bought by a consortium led by Belgian group D'Ieteren.
    June 30 1997
  • News Corp to acquire Heritage Media
    Media multinational The News Corporation is to acquire Dallas marketing company Heritage Media. The tax-free merger will cost News Corporation about US$754 million. News Corporation intends to keep Heritage's marketing services operations, but to sell its radio and television broadcasters.
    June 30 1997
  • Gallaher demerger from American Brands
    Gallaher Group, the UK's largest manufacturer of tobacco products, which manufactures Benson and Hedges, Silk Cut, Hamlet cigars and Condor pipe tobacco, has demerged from American Brands and listed on the London Stock Exchange.
    June 30 1997
  • Brazil improves arbitration law
    Brazil’s unsatisfactory arbitration law has been updated to make this form of dispute resolution more attractive. By Walter Douglas Stuber and Noemia Mayumi Fukugauti of Amaro, Stuber e Advogados Associados, São Paulo
    June 30 1997
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