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  • UK law firm Stephenson Harwood is to join forces in Brussels with Italian firm De Berti Jacchia Perno & Associati and Paris firm Barbé Carpentier Thibault Groener. The firm’s association with France’s largest law firm, Fidal, part of the KPMG legal network, is over. In its new association Stephenson Harwood plans to look at joint business
  • Guernsey law firm, Ferbrache & Co (soon to be renamed Ferbrache Morgan) plans to poach partners from City firms in a bid to compete with other firms on the island. The planned growth has resulted from Ferbrache & Co receiving more work as a result of its alliance with The Bank of East Asia.
  • The Polish government has completed the second stage of its sale of a 15% stake of Telekomunikacja Polska SA (TPSA), the state telecoms company.
  • Banks prepare for Emu
  • The Helsinki office of White & Case is advising the Republic of Finland and Sonera Group on the sale of the government’s 21.9% stake in Sonera. The transaction is the largest equity offering to date by a Finnish issuer as a total value of over $1.4 billion.
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  • Germany’s Deutsche Bank confirmed on November 23 that it was in the advanced stages of talks to buy US bank holding company Bankers Trust. The merger would create the world’s fifth-largest fund manager, with $500 billion-worth of assets.
  • Law 19,589, enacted on November 14 1998, reformed Decree Law 3,475 of 1980 which regulates the stamp tax applicable to documents containing loans and other credit transactions, including foreign loans granted by foreign entities to Chilean companies and individuals.
  • Growing opportunities abroad for young Canadian lawyers have forced domestic firms to reassess their strategy. Stephen Mulrenan reports
  • Firms in Asia are all looking to restructuring to survive but who’s really bringing in the corporate recovery work in the region? Alison Shaw reports from Hong Kong