The third volume of this yearbook provides articles, comments, and analyses of developments throughout 1998. A special focus section highlights the most significant legal issues raised by the formation of a single currency in the ongoing process of economic and monetary union in the European Union. Commentary is provided on subjects including international financial standards and the transition economies, legal and practical aspects of recovering debt from Russian financial institutions, New Zealand's alternative approach to banking supervision, and regulation of foreign bank access in China. Recent developments, as with previous editions, cover all major areas of the world. This year includes analysis of China's new securities law, the development of the Financial Supervisory Authority in the UK, regional integration and trade liberalization in southern Africa, and problems created by government intervention in the Hong Kong stock market. This volume should be useful to anyone with an interest in international financial and economic law throughout the world.

This volume is comprised of a collection of papers dealing with various aspects of cross-border secured transactions, an important issue in the development of emerging financial markets and transitional market economies. A sound legal framework for lenders to effect and enforce secured transactions is called for in order to establish an investor-friendly climate. Special attention is paid to the EBRD Model Law on secured transactions, the UNCITRAL Draft Convention on Assignment in Receivables Financing, and the UNIDROIT model. The papers stress the importance to the transition process of the development of a modern framework for secured transactions.

With the growth in financial activity in and between the People's Republic of China, the Republic of China or Taiwan and the Hong Kong Special Administrative Region, an understanding of the development and status of financial law and regulation in the Chinese Economic Circle is increasingly important. This book provides an overview of the most significant areas of financial regulation in the Greater China Area, bringing together expert essays on banking, insurance, securities and general financial law in the PRC, banking and insurance in Taiwan, and financial law in Hong Kong. This work collects in a single volume, the significant history and development of financial law within the Greater China Area, providing an insight into the development and relationship of these three diverse but inter-related financial systems.

The fourth volume of this Yearbook provides essays, articles, comments and analyses of developments throughout the previous year. The new essay section of this volume is contributed by Shangquan Gao, Senior Professor in the State Council of PRC who examines the negative influence of the Asian financial crisis on China. Professor Eva Holz, Deputy Governor at Uruguayan Central Bank, Dr Michael Gruson, Senior Banking Partner at Shearman & Sterling, and Professor Geoffrey Wood of City University are some of the contributors of major articles in the edition. One of the salient features of the volume is that it focuses on new developments in post-financial crisis restructuring measures taken by various countries, such as PRC, Brazil and Japan. Complementary to this issue, globalization, international financial stability, and international capital flows are also discussed comprehensively. The period covered by the volume has witnessed major financial and economic law reform projects in various areas of the world. The volume offers comprehensive analysis of these reforms including the Gramm-Leach-Bliley Act of 1999 in the US and its influence on the global financial sector, progress in collateral law reform in Central and Eastern Europe, the development of securities law and the Internet in the UK, commercialization of China's land use right, reform of Hong Kong property tax system, and legal changes in Japanese asset securitisation and investment. Some issues are re-explored in this volume from new and different perspectives. The discussion of the integration of insurance and other financial services in Taiwan, of the Lender of Last Resort, of the solutions to the non-performing loan problems in China, of capital adequacy under the Basle new capital adequacy framework, and sovereign debt restructuring in Latin America will offer the readers new insights into these issues. This volume should appeal to anyone with an interest in international financial and economic law throughout the world. Its broad geographic scope and the expertise of the contributors offer an indispensable chance for the readers to keep abreast with developments in a rapidly changing area of the law.

This text draws together contributions of leading international legal scholars respecting major themes of the future of international law in the 21st century. The papers have been collected in honour of the late Professor Kenneth R. Simmonds, former Director of the British Institute of International and Comparative Law and Professor of Law at Queen Mary and Westfield College, University of London. The book is divided into three parts: public international law; international dispute resolution; and European and other regional integration, which constitute the important themes and currents in contemporary international law. The sections also represent the areas that were of personal interest to Professor Simmonds and in which he was a leading contributor until his death.