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  • Morgan Lewis & Bockius, the third largest firm in the US, has substantially increased its bankruptcy and creditor rights capability through a merger with a New York boutique.
  • Choosing foreign laws to govern loans to PRC projects does not preclude the need for domestic approvals and registration of security interests. Zhang Xin, in-house counsel at China Construction Bank, Shenzhen explains how to meet local requirements
  • Australian insurance group AMP is acquiring NPI, the former troubled UK life mutual, in a deal valued at £2.7 billion ($4.3 billion).
  • UK law firm Allen & Overy advised Citibank Credit Structures on the launch of new secured debt programmes with a total value of $20 billion.
  • On December 9 pharmaceutical groups Astra of Sweden and Zeneca of the UK announced that they are merging in a deal which will create Europe’s largest pharmaceutical group with a market capitalization of $70 billion. The deal is Europe’s largest ever merger.
  • Transparency requirements
  • Netting laws to be extended to payment systems
  • Asia PacificCompanies Act amended
  • News on turnover taxation
  • Parallel imports