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The Parliament of Latvia recently passed a new law: On the declaration of cash on the state border. The new law will enter into force on July 1 2006.

Proposed reform of UK company law would widen directors' responsibilities and the basis on which investors can sue on the company's behalf. But will the changes leave directors exposed to more litigation? James Rice reports

The UK has devised radical proposals to allow law firms to form multi-disciplinary partnerships, attract outside investment and even float on the stockmarket. Daniel Andrews gauges reaction at international firms amid fears over conflicts of interest

Ben Maiden reports on the increasing number of private practitioners in the US going to work for clients, and not always as lawyers

Frankfurt-headquartered DVB Bank acted as arranger on the €180 million financing of a new deepwater container terminal in Gdansk, Poland. DVB Bank agreed to arrange and provide up to €100 million of debt finance to DCT Gdansk. DCT Gdansk is majority owned by Macquarie Global Infrastructure Fund II. The Norton Rose team advising DVB Bank was led by Tomas Gärdfors in Frankfurt, Chris Brown in London and Piotr Strawa in Warsaw. Wildgen & Partners advised DVB on Luxembourg law and McCann FitzGerald advised DVB on Irish law. Lovells advised the borrower.

Shearman & Sterling and Latham & Watkins were the lead transaction counsel as private company Koch Industries agreed to buy Georgia-Pacific for $13.2 billion. The deal will take place through Koch Forest Products, a wholly owned Koch subsidiary, and will have a total transaction value of $21 billion, including debt. Citigroup will provide debt financing to Koch for the acquisition. Partner Creighton Condon led the Shearman team advising Koch on the deal. King & Spalding partners William Baxley and William Holby in Atlanta and Anthony Rothermel in New York advised Koch on corporate governance, due diligence and Georgia law issues. Mark Gerstein and John Sorkin of Latham & Watkins represented Georgia-Pacific.

A new OSC rule has tried to resolve confusion over what conditions can be attached to the financing of takeover bids for Canadian companies. Graham Gow explains

Hong Kong's accountants are following their US counterparts' attempts to withdraw from due diligence in the offering process. This is putting investor protection at risk, writes John Moore

CSFB acted as sole bookrunner and global coordinator on the Socialist Republic of Vietnam's inaugural sovereign bond issue. The global offering consisted of $700 million in unsecured fixed-rate notes due 2016. Shearman & Sterling, led by Matthew Bersani in Hong Kong, was retained by CSFB as US counsel. Freshfields Bruckhaus Deringer acted as US counsel to the issuer with Joe Sevack leading the team. Vietnamese legal advisers included Phillips Fox acting for CSFB and the Ministry of Justice on the issuer's side.

Calyon took on the roles of arranger, security trustee, agent and account bank on a $2 billion, seven-year secured financing for Sonangol, Angola's oil and gas company. The deal marked Sonangol's first non-Export Credit Agency-supported facility to extend beyond five years. Philip Badge led the Linklaters team advising Calyon, with Global Law Office providing the PRC law advice. Calyon was also advised by Fernando Oliveira and Manuela Cueha as to Angolan law. Li & Partners acted as Hong Kong counsel to Sonangol.