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  • Foreign capital in the Brazilian financial systemNoronha Advogados, London
  • Foreign investments in PolandWierzbowski & Szubielska, Warsaw
  • Partial elimination of stamp duty on securities dealingWenger Vieli Belser, Zurich
  • Euronext Amsterdam announces tougher rules for IPOsHouthoff Buruma, Amsterdam
  • New type of authorization for investment firmsKPMG Legal Advisers, Brussels
  • The mobile phone operator Telefónica Móviles has launched a $2.8 billion initial public offering (IPO), Spain's largest ever flotation. Telefónica Móviles, a division of Spain's largest telecom company Telefónica, coordinated the listing of 300 million shares on the Spanish bourse. The New York Stock Exchange also carried the stock in the form of American depositary shares.
  • NTT DoCoMo, Japan's largest mobile phone operator, has appointed Lovells to advise on its acquisition of a 20% stake in KG Telecommunications, a Taiwanese mobile operator.
  • A consortium of five international banks, represented by Milbank, Tweed, Hadley & McCloy, came to the rescue of a Philippines power project in November, offering a bridge loan of $154 million.
  • Malaysia launches Eurobond issue
  • Dan Peel, White & Case The Croatian food and retail company Agrokor has received a $159 million financing package from a banking syndicate led by the European Bank for Reconstruction and Development (EBRD). The deal is the largest ever industrial financing in Croatia.