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  • Effect of subordination agreements in bankruptcy proceedings
  • Winston and Strawn has raided its New York rivals to add four new partners.
  • Overview of developments in the past year By Richard M Gray of Milbank, Tweed, Hadley & McCloy LLP, Singapore
  • Commerzbank is the first big European bank to set up an asset management group in Italy under new rules adopted in 1998. Gianluca Santilli and Andrea Marino of Santilli e Associati are advising the bank and describe the structure
  • New regulations on foreign investment
  • Continental firms Beiten Burkhardt Mittl & Wegener (Germany), Moquet Borde & Associés (France), Pavia e Ansaldo (Italy) and Meyer Lustenberger (Switzerland) have joined to form the partnership BBLP
  • At the start of June, the Commission published its Annual Report on Competition Policy
  • A series of policy objectives and specific measures to improve the single market for financial services over the next five years have been outlined in the Financial Services Action Plan adopted at the start of May by the European Commission
  • Japan’s Long-Term Credit Bank (LTCB) is selling $11 billion-worth of loans to the GE Capital Corporation, a US financial services group
  • Belgian firms are no longer content to remain isolated domestic practices. The merger of Liedekerke and Schlitz Linden highlights their international aspirations. Ben Maiden reports from Brussels