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  • In the first acquisition of a Paris-listed bank by a foreign institution, HSBC Holdings is buying Crédit Commercial de France in a deal worth $10.6 billion. Cleary, Gottlieb, Steen & Hamilton is acting as legal adviser to HSBC and local firm Darrois Villey Maillot Brochier for Crédit Commercial.
  • Weil Gotshal to open Frankfurt office
  • Australian firms are keen to get into Singapore. But when Singapore hands out the five joint venture licences it will probably favour UK and US firms.
  • Tony Foster of Freshfields, Vietnam discusses the implications for foreign and domestic lenders of two decrees on security and the problems for clients in reconciling the two regimes
  • Administrative assistance under narrow conditions
  • Market established for high-growth and emerging enterprises
  • New Spanish regulations governing settlement systems
  • Akin, Gump, Strauss, Hauer & Feld has expanded its corporate practice team in Washington DC with two Korea-focused partners. Jaemin Park and Jay Cohen joining from New York's Brown & Wood.
  • Allen & Overy is set to offer its clients Japanese legal advice. According to bar rules foreign firms cannot directly offer Japanese advice, but Allen & Overy is setting up a joint venture with a local firm.
  • Charles M Adelman of Cadwalader, Wickersham & Taft, New York reviews the long awaited proposals by the US Internal Revenue Service on how financial asset securitization investment trusts will operate