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  • The Polish government has completed the second stage of its sale of a 15% stake of Telekomunikacja Polska SA (TPSA), the state telecoms company.
  • UK law firm Allen & Overy advised Citibank Credit Structures on the launch of new secured debt programmes with a total value of $20 billion.
  • The City firm Kennedys has formed an association with Dublin firm O’Connor Walshe as part of a strategy to provide legal advice throughout Ireland.
  • US law firm Morgan, Lewis & Bockius has promoted Zoë Ashcroft to partner. Ashcroft is the tenth partner at the firm’s London office, and its first female partner. Her practice focuses on corporate and banking finance, with particular emphasis on transatlantic mergers and acquisitions transaction.
  • Transparency requirements
  • Lord Irvine, the Lord Chancellor, has appointed a new chairman for the UK Law Commission, the body responsible for examining possible reforms to legislation. Justice Robert Carnwath will take up his position in February.
  • Netting laws to be extended to payment systems
  • The European Commission has approved Bertelsmann's sale of its BMG Music Publishing business to Universal under the EC Merger Regulation.
  • The government has announced the merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (Simex).
  • Under what circumstances may a US plaintiff obtain jurisdiction over a foreign corporation merely because the foreign corporation has a subsidiary incorporated and doing business in the US? This question was recently before the US Court of Appeals for the Second Circuit in Jazini v Nissan Motor Company (2nd Cir. 1998).