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  • A major federal appeal court in the US has ruled that Hong Kong is not a foreign state for the purposes of deciding whether a Hong Kong company is entitled to sue an American firm in US courts. Because Hong Kong is not considered a state, a company organized under Hong Kong law lacks the ability to sue in US courts on the basis of diversity or 'alienage' jurisdiction.
  • The short-term prospects for foreign lawyers in the Japanese legal market are addressed in an official report due out this year. Rob Dwyer listens to both sides of an increasingly acrimonious debate about the place of international firms in a Japan undergoing its financial ‘big bang’
  • Bennett Jones Verchere, Calgary
  • Meighen Demers, Toronto
  • In line with the recently published recommendations on the Private Finance Initiative (PFI), the UK government is to set up a Treasury Taskforce to help get projects off the ground. By Nicholas Bliss of Freshfields, London
  • Burlington Resources and Louisiana Land and Exploration have combined. The deal is valued at US$3 billion. The combined company will be one of the leading independent energy exploration and production companies worldwide.
  • Millar Wyslobicky Kreklewetz, Toronto
  • Cassels Brock & Blackwell, Toronto
  • US firm Kaye Scholer Fierman Hays & Handler has lost corporate partners in New York and Los Angeles including vice-chair of the firm Robert Finley. Finley, who was co-head of the corporate and finance practice, has joined the New York office of Clifford Chance. The English firm is seeking to develop a New York banking practice having built a team of 40 US securities lawyers in New York, London and Hong Kong.
  • By the end of fiscal 2000, a momentous series of reforms should have opened the Japanese financial markets. The government’s programme is reviewed by Naoaki Eguchi, Yasushi Murofushi and Jeremy Pitts of Tokyo Aoyama Law Office-Baker & McKenzie, Tokyo