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  • US firm Shearman & Sterling has attracted leading London securitization partner Marke Raines from City firm Allen & Overy.
  • International firm Salans Hertzfeld & Heilbronn has added to its employment department in its London office.
  • Independent Belgian firm Loeff Claeys Verbeke has lost its head of tax to the UK's Freshfields.
  • Name partners Christopher Tite and Mark Lewis have resigned from Arnheim Tite & Lewis, the UK correspondent law firm of Big Five professional services firm PricewaterhouseCoopers (PwC). They have moved to big five rival Ernst & Young to help establish its legal arm.
  • US firm Weil Gotshal & Manges has lost Maurice Allen, joint head of its London office, in what the firm has described as a mutual understanding. Allen resigned together with corporate partners Nick Holt and Martin Hughes. Holt specializes in equity transactions, Hughes in international bank finance. They were followed a couple of days later by Rachel Hatfield, a capital markets partner.
  • No other country in the EU has liberalized its electricity market as completely as Germany. But as Jan Byok of Wessing, Düsseldorf, argues, the old municipal monopolies have still not felt the full force of competition
  • Pakistan is set to bring financial services under the aegis of the Koran. Orr, Dignam & Co, Karachi, review the likely effect of the decision to ban interest payments
  • After 10 years of wrangling, the Indian government has privatized its insurance industry. Aparna Viswanathan of Viswanathan & Co asks whether the legislative reforms have created an adequate regulatory framework
  • Mannesmann has agreed to a $176 billion merger with Vodafone AirTouch in a partnership that will create Europe's biggest telecoms company.
  • IFLR's annual Asian legal awards attracted the legal industry's best and brightest. To view this article with streaming audio and video Click Here