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  • Ireland has followed the lead of other European jurisdictions by proposing covered bond legislation based upon the model of the German Pfandbriefe legislation. The Asset Covered Securities Bill is expected to be enacted into law in the last quarter of 2001.
  • Corporate governance rules play an important role for (institutional) investors and the good functioning of the stock markets. The main set of existing Belgian rules on corporate governance in the modern sense is to be found in voluntary codes of conduct, but today this is considered to be insufficient.
  • The issuance of a guidance note by the Securities and Futures Commission (SFC) in May 2001 clarifying regulatory requirements concerning online marketing and offering of Collective Investment Schemes (CIS) will help to regulate activities that are targeted at Hong Kong investors or are detrimental to the interests of the investing public or market integrity of Hong Kong.
  • Cadwalader, Wickersham & Taft 100 Maiden Lane
  • Cadwalader, Wickersham & Taft 55 Gracechurch Street
  • More than a year has passed since the inception of Singapore’s seven legal joint ventures – the city state’s first step towards being part of the global legal profession. With one JV down and the others facing the challenges of integration, Nick Ferguson reports from Singapore on the progress made and lessons learned
  • China’s membership of WTO may not be the answer to foreign law firms’ sluggish Asian practices. While 1.3 billion people represents an exciting potential, there is a long way to go before China proves capable of winning the full confidence of major-league investors. Nick Ferguson reports
  • With the storm clouds of recession gathering, and teams being slashed back home, US firms might be expected to be retreating into fortress Wall Street to keep out of the rain. Instead, many are counting on a European recovery to balance any losses in the US, and are using London as their base camp. Tom Williams reports
  • This year’s IFLR international equity survey will make grim reading for firms. The results show what many have feared – that as equity capital markets have collapsed so has the number of mandates for legal advisers. In a crunch market, Linklaters & Alliance and Sullivan & Cromwell have maintained their dominance while others have been stranded by narrow practices and slipped through the rankings. Ben Maiden reports
  • Willkie Farr & Gallagher is strengthening its corporate and tax practices in Milan, hiring two Italian partners and two mergers and acquisitions (M&A) lawyers scarcely 20 months after they spurned PricewaterhouseCoopers' Landwell network for the flexibility of a local firm.