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  • lastminute.com and egg.com have shown how the internet can be used successfully to promote securities offerings. But investors and issuers still face legal challenges in protecting themselves. Alero Cave, Anky Chan and Marco Crosignani of Allen & Overy, London, report
  • Swedish Securities Council issues statement on mandatory bids
  • Poland changes law on bonds
  • New rules on financial services provided via the internet
  • Unfair competition - SIC asserts its increased jurisdictional authority in telecoms ruling
  • The UK's Prudential has launched the first internet-only offering of shares, valuing the company at approximately £1.3 billion ($1.95 billion). The issue was a primary and secondary offering of 20% of the company's stake in Egg. Egg is a provider of on-line banking and financial intermediate services.
  • Regulators in Singapore and the US have joined forces to crack down on fraud. The SEC and the Commodity Futures Trading Commission (CFTC) will both work with the Singapore Monetary Authority (MAS) on possible violations of securities and futures rules.
  • The UK mobile phone retailer Carphone Warehouse has decided to float on the London Stock Exchange, with a valuation that could reach as high as £2 billion ($3 billion).
  • Shearman & Sterling and Allen & Overy have shocked the German legal community by taking eight partners each from the German firm Schilling Zutt & Anschütz. The 16 Schilling departures represent nearly half of the 35-lawyer firm, and come after Schilling failed to reach merger agreements with both firms earlier this year.
  • Lovells Frankfurt hires asset finance partner