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  • • Nancy Wodka, a project finance specialist, has moved from the Washington office of New York's Skadden, Arps, Slate, Meagher & Flom to the Washington office of Houston-based Bracewell & Patterson LLP. She will head the firm's team on international infrastructure projects .
  • Clifford Chance has opened a second office in Germany. The Dusseldorf office is intended to capitalize on the heavy industries present in the Rhine-Ruhr area. Jan ter Haar, managing partner of Clifford Chance's Frankfurt office, explains: "We will be doing mainly corporate and M&A work, but we expect to pick up on the presence of IT and media sectors and bolster those practices too."
  • McCarthy Tétrault, Toronto and London
  • Aird & Berlis, Toronto
  • The Dutch Supreme Court recently confirmed parties’ freedom to determine the choice of law in an assignment of receivables. In conjunction with new rules on SPVs, the result is a likely boom in Dutch securitization. By Piet-Hein de Jager of Loeff Claeys Verbeke, Amsterdam
  • The law implementing the Investment Services Directive in Italy will have an additional impact on MIF, the Italian Futures Market – it will be privatized. By Piero Salera of Pavia e Ansaldo, Rome
  • The Privy Council restored Rogers J's decision in Canon Kabushiki Kaisha v Green Cartridge Co (HK) which the Court of Appeal overturned, as reported in this column in May 1995 and September 1996.
  • 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.
  • In line with the recently published recommendations on the Private Finance Initiative (PFI), the UK government is to set up a Treasury Taskforce to help get projects off the ground. By Nicholas Bliss of Freshfields, London
  • New tax incentives in the 1997 Budget approved by Parliament in July focused mainly on the financial sector. Effective for five years from assessment year 1998, they will be: