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  • Leanne Tilbrook and Helen Anderson of Freshfields, London, report on new EU regulations governing insolvency proceedings and their implications for creditors
  • Baker & McKenzie is to become the first large foreign firm to open in Guadalajara, Mexico's second largest city. The firm's fifth office in the country and 61st world-wide will have five lawyers. Edmundo Elias-Fernandez will take charge, working closely with the firm's 120 local lawyers.
  • Simmons & Simmons has been advising US online retailer priceline.com in its strategic alliance with Hutchison Whampoa.
  • Varied fortunes for the South African bond market
  • Lovells is enjoying a good year with client Granada. The UK television group has kept three teams at the firm busy so far and looks as if it may have more work on hand as it continues to play a role in the struggle for dominance in the UK's commercial television market.
  • A&O secures Sullivan & Cromwell high-yield debt partner
  • Mid-July saw the largest Turkish initial public offering (IPO) to date with Turkcell's floatation on the New York and Istanbul exchanges. The 11% stake in the company released in the IPO raised a total of $1.7 billion, valuing the company at approximately $16 billion.
  • Californian firm Morrison & Foerster has poached technology specialist Steven Toronto from Coudert's Beijing office. Toronto will act as managing partner for Morrison's own Beijing office.
  • Electronic transactions bill
  • Applications for formal alliances and joint venture licences are now in the hands of Singapore's attorney general. However, this milestone has not created any greater certainty about what the outcome might be.