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  • By Geoffrey Kenyon and Martin Carmichael of Goodwin Procter LLP
  • "I am much happier that we now have a single regulator instead of what we had before which was frankly pretty ineffective"
  • Mori Sogo and Hamada & Matsumoto will merge in 2003 to create one of Japan's largest law firms.
  • "This alliance is defined more by what it is not" - Allard Metzelaar, Stibbe Dutch firm Stibbe insisted it would maintain its independence and position in the market after announcing in December that it is to join the Anglo-German alliance between Herbert Smith and Gleiss Lutz Hootz Hirsch.
  • "The feeling is that the Takeover Panel has lost its edge and become a little limp" - Chris Bright, Shearman & Sterling The Financial Services Authority (FSA), has indicated that it will not use its sweeping new powers to interfere with the role of the UK's Panel on Takeover and Mergers.
  • Securitization is an important tool in helping financial systems and capital markets to evolve and expand, but so far the world’s richest nations have had a competitive advantage over their less developed neighbours. Lakshman Alles of Australia’s Curtin University discusses the challenges of bringing securitization to the developing world
  • The Financial Services and Markets Act 2000 (FSMA) came into force at midnight on November 30 2001, and includes new provisions controlling banking business transfer schemes.
  • On November 29 2001, the National Monetary Council approved Resolution 2.907, authorizing investment funds in receivables and investment funds in shares of the funds in receivables.
  • Blake, Cassels & Graydon LLP Box 25
  • With liberalization in a state of paralysis, India’s legal market remains closed to outsiders. Many observers are concerned that this is hampering both the development of local law firms and the economy as a whole. Nick Ferguson reports