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  • As the argument for embracing a loose alliance of pan-European law firms subsides, Austrian firms seek to strengthen their international ties with a view to a possible merger. Stephen Mulrenan reports
  • The regional partnerships of Australia's Freehill Hollingdale & Page voted at the start of March to adopt a single national partnership. The new arrangement will become effective as of July 1 of this year.
  • Five Canadian law firms have merged to create the country's second largest firm, Borden Ladner Gervais, with nearly 600 lawyers. The new entity brings together members from each of Canada's important financial centres. Borden & Elliot, the largest, is based in Toronto, McMaster Gervais in Montreal, Scott & Aylen in Ottowa, Ladner Downs in Vancouver and Howard, Mackie in Calgary. The new firm came into existence on March 1.
  • Securitization techniques are being adopted in increasingly unusual ways. Richard Henderson of Watson, Farley & Williams, London, summarizes the available structures for ensuring off balance sheet financing for shipbuilders
  • Securitization and debt repackaging are growth areas in offshore financial centres. Ian Ashman of Walkers, George Town, discusses the uses and developments of Cayman Islands special purpose vehicles in these structured finance transactions
  • Managing risk through the use of commercial insurance in international projects can be confusing. Noam Ayali of Chadbourne & Parke, Washington DC, explains what lies behind the jargon and how to successfully incorporate insurance into a lender’s security package
  • New pledge system
  • Tax relief for venture capital firms
  • Foreign issuers conducting roadshows on the internet need to take heed of the US regulatory environment. Robert Mullen of Milbank, Tweed, Hadley & McCloy LLP provides guidance on the key issues affecting concurrent SEC-registered and offshore offerings
  • New regulations for compensation systems of directors and managers through shares and stock options