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  • Simmons & Simmons has been used as adviser on two of Hong Kong's largest recent deals, underlining its status in the market. In the first, the UK firm advised Pacific Century Cyberworks (PCCW) on its acquisition of Cable & Wireless HKT. The successful bid is one the largest takeovers in Asia with a value of $36 billion. Cable & Wireless owns a 54% stake in HKT. The merger will make PCCW the third largest company on the Hong Kong Stock Exchange.
  • Amendment to promote securitization
  • Share buy-backs allowed in Sweden
  • New regulations for compensation systems of directors and managers through shares and stock options
  • Trading regulations
  • Third release of the Easdaq rule book
  • Tax relief for venture capital firms
  • The rapid development of the e-commerce industry had made it difficult for regulators to keep up. David Schumacher of Chadbourne & Parke looks at recent efforts in the US to provide certainty to electronic transactions
  • Salans Hertzfeld & Heilbronn announced in March that it has hired Krzysztof Stefanowicz as its new IT and telecommunications partner in the Warsaw office. The arrival of Stefanowicz will increase the office's number of partners to four, and significantly expand its high-tech and telecommunications practice. Stefanowicz joins from Hogan & Hartson, also in Warsaw.
  • UK firm Freshfields has announced further expansion of its Amsterdam office with the hiring of Winfred Knibbeler, a leading competition lawyer. Knibbeler will joins as partner from Dutch firm Nauta Dutilh.