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Ko-Yung Tung joined Morrison & Foerster's New York office as a senior counsellor. Tung is former general counsel and vice-president of the World Bank, and former chair of the global practice group and member of the management committee at O'Melveny & Myers. Tung was approached to join Morrison & Foerster after leaving O'Melveny at the end of March. He was general counsel at the World Bank from 1999 to 2003. He has also served as secretary-general of the International Centre for the Settlement of Investment Disputes.

Kyung Taek Jung, Joon Park, Weon Jung Kim and Yon Kyun Oh of Kim & Chang round up legislative changes over the past year that affect investors in Korea

Former Clifford Chance lawyer Laura O'Neill joined the corporate department at SJ Berwin last month. O'Neill was one of the lead partners to advise Banco Santander on its acquisition of Abbey National. Her other clients include Volvo and Accenture. O'Neill joined Clifford Chance in 1996 and become a partner in 2002.

As Europe enters the implementation stage of the Financial Services Action Plan the unintended consequences of regulation have become a leading concern among issuers, underwriters and their counsel.

Ben Maiden reports from Toronto on the impact of corporate governance and secondary liability reforms

On January 28 2005, the Luxembourg government adopted a Bill of Law to implement the EU Prospectus Directive, which is due to be implemented by June 30 2005.

David Lindsey and James Hosking explain why the US Supreme Court may have opened the door for parties to obtain discovery from US courts in aid of international arbitration

There are four distinct laws governing debtor rehabilitation and bankruptcy in Korea: the Corporate Reorganization Act; the Composition Act; the Bankruptcy Act and the Individual Debtor Rehabilitation Act. In an effort to overhaul the insolvency system, the Korean government has enacted the Debtor Rehabilitation and Bankruptcy Act (the DRBA), which will take effect in April 2006.

In the wake of the hostile takeover of Nippon Broadcasting System by Livedoor, many Japanese companies are starting to adopt defensive measures to ward off unwanted suitors.

In implementing the EU Collateral Directive, France has extended netting possibilities and provided an exception to the general French requirement for a court order or auction when selling a pledged asset. By Pierre Lastenouse