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  • Foreign investment in South Korea has reached record levels after the government abolished laws impeding cross-border mergers and acquisitions in 1998. Investment funds are moving in and hostile take-overs are set to increase. Rob Mannix reports on the lawyers advising overseas buyers.
  • Morrison & Foerster has formed a strategic alliance to provide state and local tax advice with accounting firm KPMG, making it the first law firm to forge a relationship with a big five accounting firm in the US. Chicago-firm Horwood Marcus & Berk Chartered and University of Georgia Professor Walter Hellerstein are also part of the alliance.
  • January also saw the biggest ever all-UK corporate deal with the announcement that Glaxo Wellcome and SmithKline Beecham intend to merge.
  • Clifford Chance has completed its merger with Luxembourg firm Faltz & Kremer.
  • Extra News
  • Korean securitization is enjoying a renaissance after the difficulties of the Asian financial crisis.
  • Lynn Bai of the Hong Kong Securities and Futures Commission outlines the new risk-based calculation method for brokers’ contributions to the stock clearing fund
  • Re-Regulation of securities and other investment funds By Dr Brian Wallace, Semkow of the School of Business and Management, Hong Kong University of Science and Technology, Hong Kong
  • Asia Law & Practice, the publishers of AsiaLaw Profiles 2000, would like to point out the following errata:
  • Herbert Smith has hired its first Thai partner to help staff the firm's Bangkok office. Kowit Somwaiya joined the UK firm on November 23 from local firm George & Kowit, where he was one of the name partners.