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On June 24 2005, the Electricity Generating Authority of Thailand (EGAT) was converted into a public limited company. Two royal decrees were published:

Representatives of Turkey's Capital Markets Board foresee that the amendments on primary and secondary capital markets legislation for purposes of integration with the EU legislation will be completed by the end of 2005.

Recent foreign exchange regulations inadvertently dampen foreign investment in China. Filip Moerman, Niping Wu and Bian Hao explain

A consortium of international and Indonesian investors completed a $1 billion leveraged buyout of PT Adaro Indonesia, Indonesia's biggest coal mine. The deal comprised senior debt of $600 million and $400 million of mezzanine financing. Allen & Overy Shook Lin & Bok advised the arrangers. KhattarWong & Partners, Freehills, Erriah & Uteem Chambers, Melli Darsa & Co Law Offices and Fenech & Fenech Advocates also advised. Milbank Tweed Hadley & McCloy advised the consortium and Latham & Watkins acted for the Indonesian investors.

Gaz de France IPO largest this year The part privatization of Gaz de France (GdF) represents the world's largest initial public offering (IPO) so far this year. France's stake in GdF will diminish to 79.45% on completion of the IPO. The deal values GdF at €23 billion, based on proceeds of €2 billion. Cleary Gottlieb Steen & Hamilton advised Gaz de France and Gide Loyrette Nouel represented the French State. Linklaters advised the underwriters and global coordinators.

John White and Andrew Pitts take a first look at the SEC's revised securities offering rules and some of the comments that might have influenced the changes

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.

Despite missing the July 1 deadline, France is now putting the finishing touches to its implementation, says Marc-Etienne Sébire

Regulators and rating agencies are taking a close look at the collateralized debt obligation (CDO) market and its participants. Simon Hart assesses whether regulatory concerns are transitory or more deep-rooted

Davis Polk & Wardwell hired its first non-US law partner. The firm hired French corporate lawyer Arnaud Peres from Freshfields Bruckhaus Deringer in Paris. Said John Ettinger, managing partner of Davis Polk: "France is a key market for us. Arnaud's excellent legal skills, market reputation and client service philosophy perfectly match our goals and practice and will allow us to take advantage of the significant business opportunities we see in the French market. In the near future, we anticipate building out our Paris team with additional French partners and associates." The firm's strategy is usually to practice only US law while partnering with the best independent firms for local law advice. But the firm has made an exception in Paris to answer the needs of French clients, who apparently want their law firms to practice more than just US law.