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  • Herbert Smith acted for Lazard Capital Markets, joint lead manager in a secondary offering of 8% of the issued share capital of Yazicilar Otomotiv ve Gida Yatirim ve Pazarlama Sanayi ve Ticaret Anonim Sirketi, a company incorporated in Turkey. The offering raised approximately $125 million
  • Merrill Lynch and HSBC have announced that they are forming a joint venture to provide what they call “the first global online banking and investment services company”. The new company will be co-branded ‘Merrill Lynch HSBC’ and its formal name will be announced shortly.
  • Market established for high-growth and emerging enterprises
  • Limitations on oil exports from Kazakhstan
  • Electronic signing in Italy
  • German trade tax on leases: a violation of EU law?
  • New Economic Regulations Bill
  • Asset transfer tax on secondary offerings of shares
  • Euronext: a strategic move towards one European Stock Exchange
  • The Paris office of UK firm Freshfields has welcomed the arrival of one of Europe's leading securities lawyers. Patrick Bonvarlet started at the firm on April 17, leaving behind Dutch/Belgian/French practice Stibbe Simont Monahan Duhot & Giroux. At Freshfields, Bonvarlet has teamed up with partners Gavin Darlington and Arnaud Peres, helping to develop the firm's European securities and M&A practice.