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  • Sullivan & Cromwell last month announced the appointment of two partners in Frankfurt as it revealed plans to launch a German law practice for the first time.
  • Hunton & Williams is to advise the Philippine authorities on the long-awaited privatization of the country's electricity industry.
  • Thacher Proffitt expands finance team
  • Simmons & Simmons has continued the expansion of its Asian services with the recruitment Masons' Hong Kong litigation team. The move comes just one month after the firm secured a joint venture in Tokyo with mid-size Japanese firm TMI Associates.
  • Morrison & Foerster (MoFo) has advised the Chinese authorities on the creation of a framework for venture capital investment inside China. The Californian firm approached the Ministry of Foreign Trade and Economic Cooperation (Moftec), one of three agencies involved in drafting the new rules, when it learned that plans were afoot to allow Chinese companies to more easily solicit venture investment from foreign funds.
  • Singapore's United Overseas Bank (UOB) has wrapped up its takeover of Singaporean rival Overseas Union Bank (OUB) with a S$1.3 billion ($715 million) bond issue, the largest of its kind in Singapore. It also launched a US-dollar denominated $1.27 billion issue.
  • Jerome Jakubik of Baker & McKenzie, Chicago, discusses the structures and bidding procedures used by Asian financial institutions trying to dump burdensome non-performing loans
  • Last month commissioner Laura Unger announced plans to step down from the SEC. Her departure will leave a massive gap in an already under-staffed Commission, and not just in terms of numbers. Tom Nicholson meets the woman who led the SEC for most of a crucial year in its history, and discusses how she has fought Regulation FD, tried to narrow the digital divide and championed human rights through financial regulation
  • Following its severed alliance with Hong Kong's Johnson Stokes & Master and subsequent three-year exile from the territory, Norton Rose is preparing to reopen its doors for business on April 2 2002. Between viewings of available office space in Hong Kong's central district Paul Giles, Norton Rose's managing partner for Asia, discusses plans for the new office, China and Norton Rose's strategy for further growth in Asia.
  • Geoffrey Yeowart of Lovells, London, assesses the Privy Council’s ruling in the Brumark case, which created uncertainty over fixed charges, and says there are lessons to be learned from Siebe Gorman