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  • Spain
    The Spanish government has recently approved a package of measures introducing important changes in the financial field.
    June 30, 1996
  • Italy
    The Legislative Decree adopted on May 15 1996 by the Council of Ministers (the Decree) to implement EU Directives 93/22/EC (on Investment Services) and 93/6/EC (on Capital Adequacy) will, among other things, introduce substantial reform aimed at privatizing Italian regulated markets (the stock exchange, over-the-counter, futures and options markets). The Decree is now being submitted to the relevant parliamentary committee for its opinion, which, however, is not binding.
    June 30, 1996
  • Ireland
    Irish company law requires Irish companies to maintain registers of shareholders and debenture holders. Transfers must be in a statutory form and stamp duty is payable. Technological development in general and the introduction of CREST in particular have resulted in the Companies Act 1990 (Uncertificated Securities) Regulations 1996 ('the Regulations').
    June 30, 1996
  • Book review
    Commercial Banking Law in the PRC
    June 30, 1996
  • Swiss Telecom/Essar in Indian joint venture
    Swiss Telecom PTT has acquired a 30% interest in Sterling Cellular, an Indian company which holds a licence to operate cellular telephone services in Delhi. Sterling is controlled by Essar Goup, the US telecommunications company.
    June 30, 1996
  • $647 Million Samalayuca II Power Project
    The 700 MW gas-fired Samalayuca power project located south of Ciudad Juarez, Chihuahua is Mexico's first foreign-sponsored generating project to reach financial closure. The $647 million financing was concluded on May 24 after four years of negotiation.
    June 30, 1996
  • Herbert Smith tops international energy poll
    UK firm Herbert Smith has been voted top adviser on international energy law in Petroleum Economist's 1996 Energy Finance Poll. The poll, based on responses from over 100 international energy companies, has UK-based Allen & Overy relegated from last year's winner to third place behind Herbert Smith and US firm Vinson & Elkins.
    June 30, 1996
  • White & Case targets Japanese infrastructure
    White & Case has announced that David Robbins will join the firm as a partner in its New York office. Robbins specializes in international corporate transactions, including project development and financing, and cross-border licensing. Formerly a partner with Reid & Priest in New York, he practised for four years in Japan and has represented Japanese companies for almost 20 years.
    June 30, 1996
  • Stephenson Harwood to open in Greece
    UK firm Stephenson Harwood is set to open an office in Piraeus, Greece and has recruited a local shipping lawyer in Spain.
    June 30, 1996
  • Running the regulator
    Ros Wright, general counsel and director of policy, the Securities and Futures Authority, talks to Richard Forster
    June 30, 1996
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