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Elena Tsohou, Maria Tzavelakou, Spyridoula Megalokonomou, Irini Kefaloyanni and George Pergamalis of Norton Rose outline some of the issues of trading on the Greek capital markets

Following the lead of the UK, France, Spain, the Netherlands, Italy and the US, Greece has introduced draft legislation to enable public-private partnerships. By Harris Ikonomopoulos of Ikonomopoulos & Partners

Linklaters advised ING Bank on the establishment of its €40 billion global-issuance programme. The new programme consolidates ING Bank's previous note issuance and is structured to comply with the EU Prospectus Directive. The programme allows ING to issue a variety of securities: MTNs, share-linked notes, index-linked notes, exchangeable notes, inflation-linked notes, fund-linked notes, credit-linked notes and warrants. The Linklaters team was led by partner Richard Levy. Loyens & Loeff advised on Dutch taxation matters.

Michael Parshall and Jonathan Swain explain how a Takeovers Panel decision in Australia is set to force disclosure of cash-settled equity swaps in some M&A transactions

The government of India has launched Phase II of providing FM radio services for 336 broadcasting stations across 90 cities. To encourage private FM industry, the government of India has permitted players to migrate from the current licence fee structure to a 4% revenue-sharing regime. New participants would pay a one-time entry fee through a closed bidding process.

Louisa Gault explains how taking security in true-sale securitizations is set to improve in Germany

Allen & Overy is leading the pack in Dealogic's first half project finance survey. The firm has completed 31 deals worth a total of $8.18 billion so far this year. The firm had an excellent second quarter in which it closed 20 deals, three more than Clifford Chance closed in both the first and second quarters combined. White & Case climbed to third with a strong second quarter performance. The firm was buoyed by its presence in the Middle East and Africa where deal volume more than trebled from $3.3 billion to $10.4 billion over the past year. But the top two firms will be difficult to catch. They divide a market share of 26% and the gap between Clifford Chance and White & Case is over $4 billion in deal value. Global project finance volume is down 12% to $60.7 billion. Power is the most valuable sector, worth $28.9 billion and Western Europe recorded the highest regional volume with $21 billion. Project bond volume almost halved to $6 billion from $11.7 billion in the first half of 2004.

Ibrahim Mubaydeen, Simmons & Simmons Simmons & Simmons has opened an office in Dubai in the United Arab Emirates (UAE). The office is the firm's twentieth and the third in the Gulf. Corporate partner Robert Leigh will be resident in the Dubai office and Ibrahim Mubaydeen will become the managing partner for the UAE, responsible for the new Dubai office and the existing Abu Dhabi office. The firm now has three partners and nine fee earners in the UAE.

Dewey Ballantine and Wachtell Lipton Rosen & Katz were the lead advisers on pharmaceutical company Omnicare's acquisition of NeighborCare. The deal, which is worth about $1.8 billion, will create a company with a combined network supplying long-term healthcare providers in 47 states and in the District of Columbia. Dewey Ballantine advised Omnicare on the merger alongside Axinn Veltrop & Harkrider. Wachtell Lipton was counsel to NeighborCare.

West Coast firm Cooley Godward will be heading east when it opens a Washington, DC office later this year. It will be the first time the firm has had an office in the US capital, although it has had an office in Reston, Virginia, since 1999. Three partners joined that office last month from DLA Piper Rudnick Gray Cary, including the former managing partner of Gray Cary's Washington office. Margaret Kavalaris and colleagues Michael Marinelli and Tami Howie, who between them practice a combination of corporate finance, securities and international trade law, will be the nucleus of the Washington office, which is due to open by the end of 2005, and they will be joined by other members of the Reston branch.