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  • In September, the Stock Exchange Committee of the Botswana Stock Exchange approved new 'Procedures for Listing and General Requirements for Listed Companies'. As adopted, the Procedures and General Requirements contain:
  • The Italian Treasury is selling a further tranche of shares in the oil and gas company ENI with a L5.1 trillion (US$3.36 billion) international offering, part of Italy's largest privatization. The sale of the 8.75% stake in the company is being jointly led by Istituto Mobiliare Italiano and CS First Boston.
  • Uncertainty over the Brazilian's state's right to control the domestic insurance industry appears to have been temporarily resolved – to the advantage of foreign insurance firms. By Manoel Ignácio Torres Monteiro of Amaro, Stuber e Advogados Associados, São Paulo
  • UK firm Amhurst Brown Colombotti has spoken to IFLRev following reports that the firm has transferred its Italian law department to another firm. It was alleged that Milan firm Studio Legale Sutti had taken over the department on the retirement of Italian law specialist Salvatore San Marco.
  • Arbitration is an increasingly popular form of dispute resolution. The recent Act for England and Wales boosts London's position. By David Wyld and Simon Nurney of Macfarlanes, London
  • US consumer products company Gillette is set to acquire Duracell International, the US battery manufacturer, in a US$7.3 billion share exchange. As a result, US buy-out firm Kohlberg Kravis Roberts, which has a 34% shareholding in the target company, will become Gillette's second largest shareholder.
  • Douglas A Doetsch of Mayer, Brown & Platt, Chicago, looks in detail at one of the most vigorous and innovative sectors of the capital markets and its particular usefulness in Latin America and other emerging jurisdictions
  • A draft Legislative Decree implementing EU Directive 19/94 was submitted in September to Parliament by the Council of Ministers.
  • Garrett & Co, the UK firm in the legal network associated with Arthur Andersen, has made a series of senior lateral hires from City firms and is seeking to set up a Hong Kong office in the next two months.
  • Limiting professional liability; Lending to local authorities; Disqualification of directors; Enforcing an assigned debtBy Neil Mirchandani, City Litigation Group, Lovell White Durrant, London