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  • New Act on economic activities
  • Liberalization of the banking sector
  • Finnish penal provisions on securities markets to be amended
  • Austrian Growth Market (AGM)
  • Taxpayers granted right to request tax inspections
  • Pillsbury, Madison & Sutro partner Mary Cranston has become the firm’s new chairperson.
  • The partners at UK City law firms Theodore Goddard and Richards Butler have decided not to go through with their proposed merger
  • Deutsche Borse introduces new market for small caps - SMAX
  • The role of the big five auditors in the Portuguese legal market is unclear but the election of a new Bar president is expected to clarify the profession’s regulations. Stephen Mulrenan reports
  • US telecommunications equipment maker, Lucent Technologies, has acquired Kenan Systems and Ascend Communications.