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  • The fallout across emerging markets has revealed the limitations of relying on one country’s litigation system to resolve banking disputes. Simon Morgan and Jonathan Kelly of Simmons & Simmons, London explain why arbitration is a more effective remedy
  • Juan Andres Bautista of White & Case, Hong Kong reviews the new investment and foreign exchange laws for the Philippines in the wake of the Asian downturn
  • Choosing foreign laws to govern loans to PRC projects does not preclude the need for domestic approvals and registration of security interests. Zhang Xin, in-house counsel at China Construction Bank, Shenzhen explains how to meet local requirements
  • The OECD’s Convention on bribery of foreign officials enters into force this month. As a result the US has made some significant amendments to the Foreign Corrupt practices Act. By Bruce Yannett and Leigh Schachter of Debevoise & Plimpton, New York
  • Decision making in joint venture companies
  • Guidelines for private placements
  • The Swedish government has sold its remaining 7% stake in the US/Swedish pharmaceutical company Pharmacia & Upjohn (P&U).
  • The euro was launched by 11 of the European Community’s 15 member states on January 1 1999
  • British American Tobacco (BAT) has announced that it will acquire Rothmans for $8.6 billion
  • Australian insurance group AMP is acquiring NPI, the former troubled UK life mutual, in a deal valued at £2.7 billion ($4.3 billion).