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Shearman & Sterling has become the first major Wall Street firm to formally agree a joint venture with a firm in Asia. The firm's Singapore office is founding a joint law venture with local Singaporean firm Stamford.

The French construction materials group Lafarge has paid $4.5 billion for UK company Blue Circle, to form the world's largest cement producer.

Nigel Boardman, Slaughter and May Mobile telecoms group Orange has taken a deep breath and finally launched the prospectus for its flotation this month. And as the offering comes ever closer, the list of law firms advising Orange and its owner, France Telecom, gets longer.

Tweny-six lawyers have quit Brazilian firm Machado, Meyer, Sendacz e Opice to set up a new mergers and acquisitions, corporate restructuring and banking boutique. The former Machado Meyer lawyers have set up Souza, Crescon Avedissian, Barrieu e Flesch in São Paulo, and are certain they can fill a niche in Brazil's legal market. Alongside the five former Machado Meyer partners — Cristiane Naomi Kaneko Flesch, Luis Antonio Semeghini de Souza, Marcos Rafael Flesch, Maria Cristina Cescon Avedissian and Roberto Barrieu — the new firm will comprise 21 former Machado Meyer associates, seven trainees and three staff.

Investment funds in PolandWierbowski & Szubielska Warsaw

Improved economic situationNoronha Advogados London

Buenos Aires Stock Exchange creates new listing section for technology stocksAllende & Brea

Legislation encouraging investment in renewable energy

Proposed multilateral instrument 72-101Smith Lyons Toronto

Liberalization of the Uruguayan telecommunications marketGomez Pinzon & Asociados Bogota