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  • Corporate governance and insider trading rules limit the options for a target's management. Long-term planning is essential. By Philip Rogers of Arnheim & Co*, London, and Christian Altvater of Nehm & Co*, Frankfurt
  • • Dechert Price & Rhoads has won the services of Susan Ervin, former deputy director and chief counsel of trading and markets at the Commodity Futures Trading Commission, the US derivatives regulator. Ervin joins the firm's Washington DC office as counsel.
  • Despite turbulence on the markets, Malaysia's investment-led infrastructure development programme looks quite promising. By Winston Bernard Silva, advocate and solicitor, Singapore
  • The market for Brazilian sovereign debt is becoming increasingly attractive for international banks. By Walter Douglas Stuber and Adriana Maria Gödel of Amaro, Stuber e Advogados Associados, São Paulo
  • Anne Counihan of National Treasury Management Agency, Ireland talks to Diana Bentley
  • In a very hard year for the Czech economy, the former overly-optimistic comments about the economy have been replaced by more realism and pessimism. But many of the remaining law firms continue to prosper. Paul Lee reports
  • New York's LeBoeuf, Lamb, Greene & MacRae LLP has opened in Houston. It will be the firm's 19th office and its 15th in the US.
  • UK firm Sinclair Roche & Temperley is to form an alliance with Singapore firm Colin Ng & Partners. Sinclair Roche, which specializes in shipping law, is to cooperate as closely with the Asian banking firm as it can without breaking strict bar regulations. A merger is forbidden by the Singapore law society.
  • New York-based Skadden, Arps, Slate, Meagher & Flom is set to open an office in Silicon Valley, California. It will be the centre of Skadden's high technology practice as well as focusing on mergers and acquisitions and intellectual property (IP) issues, capital market transactions and litigation matters.
  • Price Waterhouse has linked with new Polish law firm Krzysztof Wierzbowski into its international network. In addition, the big six professional services firm has organized a close relationship with new Belgian firm Bogaert & Vandemeulebroeke. Both law firms were formed by lawyers leaving leading practices in their own country, and will maintain a degree of independence to avoid offending their local bar associations.