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  • A bid to harmonize legislation on company takeovers in Europe that has been over a decade in the making may have to be scrapped. Sponsors of the directive fear last minute amendments proposed by the European Parliament will make it impossible to ratify.
  • Akin, Gump, Strauss, Hauer & Feld has completed its biggest ever expansion, snapping up 61 lawyers from Los Angeles firm Troop Steuber Pasich Reddick & Tobey. The deal comes not a moment too soon for Troop Steuber, which has been looking for a suitable merger partner for some months.
  • China’s first comprehensive attempt to regulate its telecoms industry represents another firm step towards World Trade Organization (WTO) accession. Xiangmin Xu and Chlorophyll Yip of Clifford Chance, Hong Kong, explain the new framework for operational licensing, interconnection, the setting of telecoms charges and standards of telecoms services
  • After 14 years of negotiations, China has reached the final stage of its admission to the World Trade Organization (WTO). As a result China has promised to lift many, but not all, restrictions imposed on foreign investment in its insurance industry. Andreas Lauffs and Andrew Ning of Baker & McKenzie, Hong Kong analyze the scope of China’s concessions
  • Increasing use of plans of arrangementSmith Lyons, Toronto
  • Bank of Thailand’s rules on the use of internet networks by commercial banks in ThailandKitti Pintavirooj, Bangkok
  • NASD, NYSE and SEC to adopt new disclosure rules for TV and radio stock recommendationsLandwell, London
  • Foreign investments in PolandWierzbowski & Szubielska, Warsaw
  • Bank loans deemed void for usurious interestStudio Legale Beltramo, Rome