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  • The role of the big five auditors in the Portuguese legal market is unclear but the election of a new Bar president is expected to clarify the profession’s regulations. Stephen Mulrenan reports
  • UK law firm Watson, Farley & Williams has appointed Caryn Hemsworth as partner in the international finance group at the firm’s New York office.
  • Morgan Lewis & Bockius, the third largest firm in the US, has substantially increased its bankruptcy and creditor rights capability through a merger with a New York boutique.
  • The partners at UK City law firms Theodore Goddard and Richards Butler have decided not to go through with their proposed merger
  • 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
  • Decision making in joint venture companies
  • Germany’s Deutsche Bank confirmed on November 23 that it was in the advanced stages of talks to buy US bank holding company Bankers Trust. The merger would create the world’s fifth-largest fund manager, with $500 billion-worth of assets.
  • A stellar team of law firms has been assembled to represent Exxon and Mobil on their $79 billion merger, the largest in history. The merged company will be known as Exxon Mobil and, with a market value of $250 billion, will be the world’s biggest quoted energy company, ahead of Royal Dutch/Shell Group. The different firms are needed to cover regulatory and antitrust aspects, as well as corporate issues, for the US and the companies’ principal foreign subsidiaries.
  • Growing opportunities abroad for young Canadian lawyers have forced domestic firms to reassess their strategy. Stephen Mulrenan reports
  • News on turnover taxation