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  • The UK's Financial Services Authority (FSA) today criticised mortgage lenders and intermediaries for their negligence in the subprime mortgage crisis.
  • Erin Brennan will join Clifford Chance as foreign legal consultant in the M&A legal team on June 2 2007.
  • Allen & Overy announced on June 29 that it will be opening a new office in Düsseldorf, Germany.
  • The International Capital Market Association (ICMA) has appointed Paul Richards to the position of head of regulatory policy and member of the ICMA executive committee as of July 2 2007.
  • Nörr Stiefenhofer Lutz opened its new China desk in Frankfurt on July 1 2007.
  • Ryan Dwyer, from DLA Piper's Tokyo office, will join the corporate department of Latham & Watkins on June 2 2007.
  • Mayer Brown Rowe & Maw has announced that Elana Hahn, a structured finance and capital markets lawyer specializing in securitization, has joined the firm as a partner in London.
  • Hubert Bazin and David Boitout of Gide Loyrette Nouel outline how China is handling strategic foreign investment in PRC listed companies
  • Real estate funds were only recently introduced into Slovak law, but already the act that covers these funds, the Act on Collective Investment, has been amended. Effective from May 1 2007 the amendment has introduced several big changes.
  • On June 29 2007, the Norwegian government adopted a new Securities Trading Act and a new Stock Exchange Act, implementing the EU's Mifid, Transparency and Takeover Directives. The new acts bring about substantial changes to prevailing law. The acts will, with the exception of certain provisions, enter into force on November 1 2007 and will replace the Securities Trading Act of June 19 1997 and the Stock Exchange Act of November 17 2000.