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UBS has raided Homburger Rechtsanwälte in Zurich to hire a new group general counsel for the Swiss bank.

Linklaters & Alliance is acting on a ground-breaking public-to-private utility services deal in Ecuador. The project will provide International Water (IW) with a 30-year concession to operate, maintain and upgrade the drinking water and sewage system in Guayaquil, Ecuador. The UK firm is also advising on shareholder arrangements to regulate the sponsors' involvement in the project company.

Ashurst Morris Crisp in Tokyo is advising Japan Bank for International Cooperation (JBIC) on a $1 billion project to expand an aluminium smelter in Mozambique, which is expected to reach financial close in June.

According to article 758 of Poland's Civil Code, as amended by the Law on Amendment of the Civil Code Act of July 26 2000, agency is based on a contract by means of which the person accepting the mandate (agent) assumes the obligation to mediate permanently, within the scope of the activity of his or her enterprise, for a financial consideration, in the conclusion of contracts with clients for the benefit of the entrepreneur being the principal, or in the conclusion of such contracts in the prinicipal's name.

Linklaters advises on BT rights issue

Baker & McKenzie seizes France Télécom lawyers for Paris office

Matthew Cahill, Paul Severs and Yasuhiro Akita of Clifford Chance Tanaka & Akita, Tokyo, examine how regulatory changes are opening the door to securitization in post-financial crisis Japan

The Cayman Islands Monetary Authority (CIMA) recently issued new guidelines on the implementation of the Islands' money laundering legislation. The legislation is contained principally in the Misuse of Drugs Law (2000 Revision) and the Proceeds of Criminal Conduct Law (2001 Revision) (the PCCL). These statutes create a number of offences in relation to activities involved in laundering the proceeds of crime.

Name change

Jonathan Inman, head of project finance at Linklaters in Tokyo, is leaving the firm's Japanese office in June. He will resume his work in the London office at the end of August, advising energy clients such as Enron, following the end of his secondment.