New disclosure laws require advisers to produce lists of lawyers with insider information
February 02, 2005 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
German law firms are struggling to deal with complex new disclo-sure laws that, for the first time, require advisers to produce detailed lists of lawyers potentially holding insider information during corporate deals.
The laws, which came into effect on 30 October, 2004, have presented local firms with a raft of problems in drawing up the lists, designed to record all parties with sensitive client information in order to combat insider trading.
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