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  • Late June and early July saw a flurry of equity issues closing as bankers, lawyers and corporate chiefs alike tried to clear their desks before a well-earned summer reprieve. Among the offerings for those picking up investments before picking up the suntan lotion were two technology flotations - Zen Research and Orchestream – which took place in London under Chapter 25 of the listing rules of the UK Listing Authority. Allen & Overy, was involved in both through its relationship with UBS Warburg.
  • Leanne Tilbrook and Helen Anderson of Freshfields, London, report on new EU regulations governing insolvency proceedings and their implications for creditors
  • Uzbekistan continues cautious liberalization of currency regime
  • Money laundering reporting
  • New code of conduct for Italian banks regarding corporate restructurings
  • Electronic transactions bill
  • New rules for reverse convertible or exchangeable notes
  • The Hong Kong Stock Exchange has listed on its own exchange with the help of Allen & Overy. Hong Kong Exchanges and Clearing (HKEx) was created last year by the merger of the stock exchange, the futures exchange and their associated clearing houses.
  • 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.
  • Judith Lawless of McCann FitzGerald, Dublin, looks at the new rules governing netting and credit derivatives in Ireland