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  • France Telecom has enlisted the services of a UK law firm for its £25.1 billion ($37.98 billion) acquisition of the mobile telecommunications company Orange from Vodafone Airtouch. Norton Rose is advising the French operator, whose offer is comprised of £11.3 billion in its own shares and £13.8 billion in cash, one of the largest cash elements ever paid.
  • The global boom in e-commerce has focused the attention of Hong Kong companies on the use of employee share schemes as a key element in remuneration packages. But, there is often confusion over which legal and regulatory requirements need to be considered when introducing such a scheme. David Clark and Stephen Smith of Linklaters, Hong Kong explain the issues
  • Alan Berg, Tel Aviv-based consultant to Watson, Farley & Williams, discusses the Appeal Court's recent ruling in UPC v Deutsche Bank and argues that it is inconsistent with recent authority
  • Unfair competition - SIC asserts its increased jurisdictional authority in telecoms ruling
  • Belgian company Interbrew has become the successful bidder to acquire the Bass Brewers business from the UK's Bass for £2.3 billion ($3.5 billion). The acquisition marks the end of a competitive bidding process for the company which has continued for several months.
  • Seven firms are involved in the proposed $46 billion combination of Vivendi with the Seagram Company and the Canal+ television station.
  • Unilever has agreed to buy Bestfoods of the US for approximately $20.3 billion in equity and an assumption of $4 billion in debt.
  • The Ministry of Justice in China has granted White & Case a licence to open an office in Shanghai. This will be the firm's first office on the Chinese mainland. Until now the firm has operated its China practice from Hong Kong.
  • Indonesia's Law 42 enables security interests to be registered in movable goods. Robert Hornick of Morgan, Lewis & Bockius, New York, reviews the new legislation and assesses its attempts to provide better security for creditors
  • The UK mobile phone retailer Carphone Warehouse has decided to float on the London Stock Exchange, with a valuation that could reach as high as £2 billion ($3 billion).