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  • O'Melveny & Myers is recruiting three lawyers to bolster the US firm's presence in Hong Kong this autumn.
  • French lawyers have given a mixed response to radical plans to change the procedure for listing companies in Paris. The French stock market regulator, the Commission des Opérations de Bourse (COB) launched a consultative document at the end of July proposing rules that overhaul listing procedures and which some local lawyers argue will change the legal position of banks underwriting new offerings on the Paris market.
  • There have been no high profile transatlantic law firm mergers since Clifford Chance teamed up with Rogers & Wells over 18 months ago. Most non-US firms in New York are playing their strategic cards close to their chests. Despite the threat of recession, US editor Tom Nicholson finds the UK firms in a cautiously expansionary mood - but keeping their options open
  • Leading Spanish firm Cuatrecasas is planning to open branches across Europe and in Latin America under its new management team.
  • A group of regional Russian banks has warned the government that introducing a three-tier system of bank licensing may cause smaller institutions to lose their right to operate.
  • The Indian government has tabled the country's new Competition Bill in parliament.
  • Clifford Chance and Freshfields act on latest E.ON deal
  • Milbank, Tweed, Hadley & McCloy has structured Latin America's largest telecoms financing so far this year, using templates of documents drafted by the firm for the financing for Brazil's BCP last year.
  • The classification of debt and equity for taxation purposes in Australia is about to undergo significant change if the provisions of the New Business Tax System (Debt & Equity) Bill 2001 are enacted.
  • On June 29 2001, the People's Bank of China (PBOC) promulgated China's first set of electronic banking regulations, entitled "Tentative measures governing electronic banking business".