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  • Chilean laws have been enacted primarily to attract and foster foreign investment. Chile's government and its agencies generally show a favourable attitude towards foreign investment, whether in the form of equity, loans or technology.
  • The new regime under the Financial Services and Markets Act 2000 will come into force at midnight on November 30 2001 (N2). With this in mind, authorized firms and individuals will need to be familiar and prepare for the grandfathering and transitional provisions that will be effective as of that date.
  • RWE chooses Cravath for $7.6 billion US deal
  • Davis Polk & Wardwell has advised Deutsche Telekom on US aspects of the company's sale of six regional cable television companies in Germany to Liberty Media Corporation. The transaction is valued at approximately euro 5.5 billion ($4.9 billion).
  • Norton Rose has won the mandate to advise the government of Cyprus on changes to the country's electricity legislation in line with EU Directives.
  • Despite the destruction of its office in downtown Manhattan, the Securities and Exchange Commission (SEC) has said that enforcement actions will not be abandoned.
  • Germany is to radically reform the regulation of its capital markets in a bid to restore investor confidence and make the country more competitive as a financial centre. Hans Eichel, the country's finance minister announced a series of measures last month to become law next year.
  • Simmons & Simmons has become the first UK firm to offer full-service advice on Japanese law. Simmons has teamed up with TMI Associates, a respected firm that was created in 1990 as a breakaway from Nishimura's intellectual property practice, and has since expanded to cover general corporate work.
  • Linklaters is to merge with Belgian Alliance firm De Bandt van Hecke Lagae & Loesch, furthering the UK firm's efforts to integrate its European network, having secured tie-ups in Sweden and Germany earlier this year.
  • The City of London's financial institutions have been asked by the UK financial services regulator, the FSA, to see if they have worked on transactions for people linked to last month's attacks on New York and Washington, DC.