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Paris-based Salans Hertzfeld & Heilbronn is to merge with London's Harris Rosenblatt & Kramer. The new firm will practise in London under the name Salans Hertzfeld & Heilbronn HRK. Harris Rosenblatt should be a good fit with Salans Hertzfeld; both firms are active in financing and litigation and the UK firm's English law capacity will enhance the new firm's cross-border financing skills. "In London we focused on international finance work, but had no domestic practice," says George Macdonald, a Salans Hertzfeld partner in London. "Harris Rosenblatt's practice is complementary and its skills are transferable into the international market."

Although still often thought of as accounting firms, the big six are increasingly eager to call themselves professional service providers and offer a full range of services. Legal services are the latest part of that trend. Phillippa Cannon reports

Stephen Williams, general counsel and joint secretary of Unilever, talks to Samantha Wigham

With the enactment of the Pension Law (No. 1,732) of November 29 1996, the pension and social security systems in Bolivia have been reformed and a Pensions Superintendency created to oversee their implementation.

Setting up a representative office is the first and indispensable step towards establishing a banking presence in China. Philip Gilligan and Steven Blayney of White & Case, Hong Kong, explain how

Measures introduced by securities regulators in Argentina will make it easier for foreign issuers to access the country’s emerging capital market. By Rodolfo Gerardo Papa of Cárdenas, Cassagne & Asociados, Buenos Aires

The new US tax regulations will have mixed effects for US companies engaged in project finance. Keith Martin of Chadbourne & Parke, Washington DC, looks at the good and the bad news

The success of the first Europe-wide electronic securities market owes much to the new possibilities afforded by EU investment services legislation. By Dirk Tirez, general counsel of Easdaq, Brussels

If credit derivatives are found to be contracts of insurance, in many jurisdictions they will face strict regulation. David Benton, Patrick Devine and Philip Jarvis of Allen & Overy, London, explain how this interpretation can be avoided

In September, the Singapore government issued a statement on the appointment of a committee to review Singapore's strategic legal needs in the financial sector and the conditions under which foreign law firms and foreign lawyers are permitted to operate in Singapore in the context of ensuring Singapore's competitiveness in financial services. The committee is headed by the Attorney-General and consists of a judge, a government official, senior partners of local and foreign law firms and senior officials of local and foreign banks operating in Singapore.