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  • Sullivan & Cromwell has moved one of its senior partners to Frankfurt in a bid to strengthen its financial institutions practice in Europe and expand its local team.
  • US firm Gibson, Dunn & Crutcher is the latest firm to move into Germany, after it confirmed last month that it was the mystery firm hiring the four partners that resigned from BBLP Beiten, Burkhardt Mittl & Wegener in July. At the same time, accountancy firm KPMG has denied reports that its local legal arm is to merge with the beleaguered German firm.
  • French lawyers have given a mixed response to radical plans to change the procedure for listing companies in Paris. The French stock market regulator, the Commission des Opérations de Bourse (COB) launched a consultative document at the end of July proposing rules that overhaul listing procedures and which some local lawyers argue will change the legal position of banks underwriting new offerings on the Paris market.
  • There have been no high profile transatlantic law firm mergers since Clifford Chance teamed up with Rogers & Wells over 18 months ago. Most non-US firms in New York are playing their strategic cards close to their chests. Despite the threat of recession, US editor Tom Nicholson finds the UK firms in a cautiously expansionary mood - but keeping their options open
  • O'Melveny & Myers is recruiting three lawyers to bolster the US firm's presence in Hong Kong this autumn.
  • A group of regional Russian banks has warned the government that introducing a three-tier system of bank licensing may cause smaller institutions to lose their right to operate.
  • Leading Spanish firm Cuatrecasas is planning to open branches across Europe and in Latin America under its new management team.
  • The Indian government has tabled the country's new Competition Bill in parliament.
  • Milbank, Tweed, Hadley & McCloy has structured Latin America's largest telecoms financing so far this year, using templates of documents drafted by the firm for the financing for Brazil's BCP last year.
  • Clifford Chance and Freshfields act on latest E.ON deal