UK law opens Euro door
Article Abstract:
The bold decision of the Law Society of England and Wales to allow law firms to accept foreign partners may give UK law firms an edge in their bid to obtain a significant share of the European Community (EC)'s legal consultancy work. The Law Society's move to permit multinational partnerships (MNPs) should pave the way for the entry of large specialist firms from Wall Street into the elite world of London's corporate law firms. MNP's provide English and Welsh law firms the advantage of teaming up with American law firms that can provide the necessary expertise for such high-demand specialty fields as environmental law and product liability. With most of the largest European corporate law firms already concentrated in London, the American connections that MNPs should foster should boost the position of UK law firms in the fast-growing European corporate legal services market.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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New stock goes on the block
Article Abstract:
The German government raised 9.4 billion Deutschemarks from its privatization program in the 1980s. Ninety percent of the money raised came from the privatization of four major industrial groups. Little progress, however, has been made in the services sector as legal questions on pension benefits and other civil service rights have stalled moves to privatize such state-controlled concerns as Deutsche Lufthansa AG, Deutsche Telekom, and Deutsche Bundesbahn. The reunification of Germany has added a new dimension to the sell-off of state assets, with the Treuhandanstalt presiding over the disposition of former east German state enterprises. The Treuhand has managed to accelerate its pace of privatization by providing safeguards on the muddled issue of property ownership but many of the former state enterprises have remained unsold despite generous investment subsidies.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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The sale of the century
Article Abstract:
Great Britain's large-scale privatization program has raised 29 billion pounds sterling since it was launched by the Conservative government in 1979. The program has allowed the British government to sell off its interests in such blue chip companies as British Telecom PLC, British Steel PLC, British Aerospace PLC, and Rolls-Royce PLC. The program has also allowed the British government to privatize electricity and water utilities and other state interests ranging from cross-channel ferries to bus companies and railway station hotels. The privatization program has helped to transform Britain into a country of shareholders, with the number of people owning shares rising from 2 million in 1980 to 11 million in 1991.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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