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  • On October 3 2001 Standard & Poor's raised the Republic of Ireland's long term sovereign credit rating from AA+ to AAA. Ireland is now one of only six EU countries to have a AAA rating, the others being Austria, France, Germany, Luxembourg and The Netherlands. Although, in comparison with other EU countries, Ireland has a small economy, the diversity and stability of the economy is reflected in this new rating.
  • Last month commissioner Laura Unger announced plans to step down from the SEC. Her departure will leave a massive gap in an already under-staffed Commission, and not just in terms of numbers. Tom Nicholson meets the woman who led the SEC for most of a crucial year in its history, and discusses how she has fought Regulation FD, tried to narrow the digital divide and championed human rights through financial regulation
  • Czech Republic Baker & McKenzie vos Praha City Center
  • "The interests of the commercial community will be best served if banks are able to take and operate a fixed charge on the basis of Siebe Gorman"
  • Singapore's United Overseas Bank (UOB) has wrapped up its takeover of Singaporean rival Overseas Union Bank (OUB) with a S$1.3 billion ($715 million) bond issue, the largest of its kind in Singapore. It also launched a US-dollar denominated $1.27 billion issue.
  • Thacher Proffitt expands finance team
  • Europe's three largest exchanges are locked in a battle for control of the London International Financial Futures and Options Exchange (Liffe). Deutsche Börse, the London Stock Exchange and Euronext, which runs securities markets in Paris, Amsterdam and Brussels, have all expressed interest in buying Liffe, Europe's second largest derivatives exchange.
  • Sullivan & Cromwell last month announced the appointment of two partners in Frankfurt as it revealed plans to launch a German law practice for the first time.
  • Houston, Texas energy trading company Enron's $1.9 billion sale of utility Portland General Electric to Northwest Natural Gas this October provided a welcome slice of acquisition work for three firms.
  • Hunton & Williams is to advise the Philippine authorities on the long-awaited privatization of the country's electricity industry.