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  • French firm Thomas & Associés, with 50 lawyers, has announced it will merge with 220-lawyer firm Deloitte et Touche Juridique et Fiscal, part of Deloitte Touche Tohmatsu International, on September 1.
  • Audit reports are a common source of information for investors. Many rely on the balance sheet and the audit report to assess a corporation's worth. Some investors go as far as considering an audit a reliable guide to a corporation's financial health. With this kind of expectation, litigation against auditors after an unsuccessful investment is not uncommon.
  • Partnership Property Management, a consortium led by Goldman Sachs, was chosen to take over the UK Department of Social Security's 700 properties. This deal, known as Project Prime, is the largest Private Finance Initiative transaction to date with a total value of £4 billion (US$6 billion)
  • German firm Bruckhaus Westrick Stegemann has announced the closure of its Tokyo office. The office had been staffed by a single German lawyer since it opened in 1990.
  • Franz Nauschnigg, capital markets adviser to the Austrian minister of finance, talks to Graham Field
  • Millar Wyslobicky Kreklewetz, Toronto
  • Filion, Wakely & Thorup, Toronto
  • McCarthy Tétrault, Toronto and London
  • Economic reform is beginning to reach into the Argentine provincial governments. Esteban A Mancuso of White & Case, New York, discusses ways the provinces could solve their financing difficulties
  • Until now, investments made by Spanish Collective Investment Institutions (IICs) in derivatives were regulated by the provisions of the Order of July 6 1992. This rule allowed such institutions to invest in derivatives traded on organized secondary markets both in Spain and in other countries.