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After many years of uncertainty, the Korean government's official position regarding the opening of the Korean legal market may be unveiled in the not-too-distant future. In accordance with a procedural schedule adopted by the World Trade Organization (WTO), 14 nations have, as of the end of June, submitted their requests regarding the opening of the legal market in Korea. The Korean government is required to submit its response by March 30 2003 and negotiations between the WTO member nations and Korea are to be concluded by the end of 2004.

On July 2002 Borsa Italiana SpA, the company responsible for the Italian Stock Exchange, issued a revised version of the Code of Conduct for Italian listed companies which was set forth in 1999. The Code of Conduct has been drafted by the Committee for the Corporate Governance of Listed Companies.

Nick Ferguson reports on the strategies followed by international firms in Singapore since the country’s joint venture experiment hit trouble

Jay Lawrence Westbrook of the University of Texas School of Law considers the merits of three initiatives to deal with international workouts

Europe has set an ambitious timetable to combat Market Abuse. IFLR invited five financial specialists to discuss EU plans so far

The Irish government has recently enacted regulations to give effect to two EU directives: Directive 2000/28/EC relating to the taking up and pursuit of the business of credit institutions; and Directive 2000/46/EC relating to the taking up, pursuit of and prudential supervision of the business of electronic money institutions.

Many times the future of Hong Kong has been written off. Many times the region has bounced back. By Nick Ferguson

Linklaters has advised a consortium of private equity houses on Europe's most expensive leveraged buyout. The €4.9 billion ($4.78 billion) acquisition of Legrand is the biggest private equity buyout for a decade, will be the largest mezzanine financing in Europe and the biggest high-yield financing in France.

John D Moore of Goldman Sachs looks at what the new law means for companies

The European Investment Bank (EIB) has split its legal department into three parts as the institution looks to improve its internal coordination. The move comes as Eberhard Uhlmann, general counsel of the EIB's legal affairs directorate, assumes added responsibilities after also being appointed as secretary general of the bank.