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  • Political risk insurance and emerging markets structured securities By Thomas B Siebens and Lonnie S Keene of Milbank, Tweed, Hadley & McCloy
  • Reports of a potential merger between San Francisco firm Orrick, Herrington & Sutcliffe and London IP/IT boutique Bird & Bird emerged at the end of October. The stories have been met with denials and silence at the two firms. However, rumours continue to circulate.
  • US firm, Jones Day Reavis & Pogue held its official opening ceremony for its new office in Shanghai, China, on November 18. The opening came just days after China signed an agreement with the US moving it towards membership of the World Trade Organization. The Cleveland-based firm was one of six foreign firms to receive a licence for the financial centre of China on March 12 of this year. It becomes the 27th US law firm to have an office on the mainland.
  • Jones Day Reavis & Pogue has recruited two new partners. Conrad Everhard has joined the firm's New York office from Bryan Cave. Everhard will be a member of the firm's business practice group and technology specialized industry practice. Geoffrey Stewart joins the firm's Washington office from Hale and Dorr and will operate in the litigation group. He is experienced in complex commercial litigation.
  • Linklaters & Alliance is to gain three new offices in central and eastern Europe. The offices, in Hungary, Romania and Slovakia, add to the Alliance's network in the region, which already includes Warsaw and Prague. The offices in Bratislava, Budapest and Bucharest will open on January 4 and will be incorporated into the Alliance under the co-ordination of Nick Eastwell, capital markets partner responsible for emerging markets
  • Milbank Tweed leads on first US-style LBO in post-recession Asia
  • German firm Bruckhaus Westrick Heller Löber is to open a new office in Munich on January 1 2000
  • China's agreement with the US has paved the way to WTO entry
  • The SEC’s new rules on cross-border M&A offers and rights offerings become effective in the New Year.
  • The SEC has lifted its $5 million fixed limit on stock incentive plans for foreign companies with US operations.