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  • Morgan Lewis & Bockius, the third largest firm in the US, has substantially increased its bankruptcy and creditor rights capability through a merger with a New York boutique.
  • UK mobile telecoms company Vodafone will acquire US rival AirTouch
  • The European Commission has completed its survey of the operation of the ISD
  • UK law firm Allen & Overy advised Citibank Credit Structures on the launch of new secured debt programmes with a total value of $20 billion.
  • On December 9 pharmaceutical groups Astra of Sweden and Zeneca of the UK announced that they are merging in a deal which will create Europe’s largest pharmaceutical group with a market capitalization of $70 billion. The deal is Europe’s largest ever merger.
  • Transparency requirements
  • Netting laws to be extended to payment systems
  • Asia PacificCompanies Act amended
  • News on turnover taxation
  • Parallel imports