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  • Sidley Austin Brown & Wood has closed two mortgage-backed deals totalling $3.4 billion. The US firm's London office advised Morgan Stanley & Co International (MSIL) on three UK and Irish deals and is on the brink of closing another deal for UK bank Northern Rock.
  • 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.
  • "The terrorists went after Wall Street, so why not use Wall Street to go after them?"
  • Milbank, Tweed, Hadley & McCloy has named Anthony Root as managing partner of its Hong Kong office. Root succeeds Douglas Tanner, who has relocated to Palo Alto, California, to head Milbank's new Silicon Valley office.
  • Law firms from Japan, the US and Brazil have put together a unique securitization of money sent home by Brazilians working in Japan. The $300 million deal is the first financial future flow transaction in Brazil based on electronic remittances.
  • "If the deals and money raised are halving, then fees must be falling at an almost as dramatic rate. And that's got to hurt"
  • Russia plans single monopoly regulator
  • The John Holland case has confused parties seeking international arbitration proceedings in Singapore. K Minh Dang and Siva Murugaiyan of White & Case, Colin Ng & Partners in Singapore, discuss the case
  • The US Congress is taking a strong line on international sanctions and looking to the markets to enforce them. Danforth Newcomb, Saamir Elshihabi and Perry Bechky of Shearman & Sterling explain the compliance issues companies need to understand
  • 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".