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  • The Human Rights Act is brought into forceLandwell, London
  • The new rules for Fair Disclosure became effective on October 23, despite calls to set back the implementation date.
  • Australia's law firms are among the most profitable in Asia. They are sophisticated, large and close to southern Asian markets such as Indonesia and Malaysia. At first glance it is no surprise then that rumours of international mergers persist.
  • Mayer Brown & Platt has advised on the $40 million syndicated project financing of the Julietta gold mine in Eastern Siberia. The deal is thought to be the first Russian mining project to be funded by commercial banks.
  • Orange, the mobile telephone company, is set to launch one of the world's largest initial public offerings (IPO) early next year. If it succeeds it will be with the help of Freshfields and Slaughter and May.
  • Lovells recruits Linklaters' international manager
  • White & Case's Frankfurt office has lost two partners to Lovells Boesebeck Droste. Oliver Kessler is a securities partner and Thomas Schrell a corporate partner. Both have had short tenures at White & Case, Kessler having arrived in June 1999 from Wessing Berenberg-Gossler, and Schrell having joined from then-Freshfields Deringer in late 1999.
  • The International Swaps and Derivatives Association (ISDA) issued its "Operational Regulatory Approach Discussion Paper" in October. The paper was complied in co-operation with ISDA member firms and argues that regulatory appraisal of operational risk management by financial institutions should include a set of qualitative criteria.
  • Europe's financial watchdogs plan to continue regulating alternative trading systems (ATSs) as they regulate brokerages, rather than classify ATSs as separate exchanges to be governed by stock exchange rules, says a recent report.
  • Dutch auction issuer bids find marketSmith Lyons, Toronto