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  • Kazakhstan's new law on financial leasing (the Lease Law) became effective on July 13. It regulates tripartite transactions involving a sale of assets from a supplier to a lessor, followed by the lessor's lease of those assets to a lessee. Although this type of transaction was first recognized by the special part of the Civil Code in July 1999, it has remained relatively rare due to the lack of clarifying legislation.
  • The German government has been quick to respond to Vodafone’s ground-breaking hostile bid for Mannesmann. In June, it introduced proposals to regulate takeovers for the first time. Hartmut Krause of Allen & Overy, Frankfurt, explains the proposed rules
  • Germany signs up for e-commerce bill
  • Allen & Overy and Simons & Simmons are working on the proposed $2.1 billion joint venture between Italy's Finmeccanica and the UK's GKN, which the companies hope to close this autumn. The deal is an opportunity for both firms to integrate their Italian entities into advisory teams.
  • White & Case has helped the Slovak government to complete the privatization of the Slovak Republic's state monopoly telecommunications company. The deal was signed on August 4 when Deutsche Telekom bought a 51% stake in the company, Slovak Telekom, for euro 1 billion ($900 million).
  • Andersen Legal has created Brazil's first combined legal and auditing practice. Thiollier, Pinheiro e Branco Advogados formally started operations on August 4 with the merger of Andersen Legal firm Branco Advogados Associados and local firm Thiollier e Pinheiro Advogados. The merger had been opposed by some Brazilian firms, which argued that a combined accountancy and legal practice would cause client conflict and referral problems.
  • Angela Clist, Allen & Overy
  • Lon Bouknight, Steptoe
  • US Federal Reserve Board: Humphey-Hawkins Report By Chairman Alan Greenspan of the US Federal Reserve Board
  • Goodbye to listing on the London Stock Exchange ?By Tim Morris of Clifford Chance, London