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According to article 758 of Poland's Civil Code, as amended by the Law on Amendment of the Civil Code Act of July 26 2000, agency is based on a contract by means of which the person accepting the mandate (agent) assumes the obligation to mediate permanently, within the scope of the activity of his or her enterprise, for a financial consideration, in the conclusion of contracts with clients for the benefit of the entrepreneur being the principal, or in the conclusion of such contracts in the prinicipal's name.

Shearman & Sterling has acted for Société Générale (Soc Gen) on its deal to buy a 70% stake in US fund manager TCW, structuring an unusual five-year purchase plan for the French bank rather than a typical one-off acquisition.

The downturn has made life harder for everyone in California’s technology sector, but as they showed after the Asian financial crisis, lawyers are able to adapt by meeting new needs and new clients. Tom Nicholson reports from California on how firms are surviving

The Vietnam and Singapore offices of Freshfields Bruckhaus Deringer are advising French waste and water management group Suez Lyonnaise des Eaux on the construction of a water treatment plant in Ho Chi Minh City. The deal is nearing completion following four years of work.

The Cayman Islands Monetary Authority (CIMA) recently issued new guidelines on the implementation of the Islands' money laundering legislation. The legislation is contained principally in the Misuse of Drugs Law (2000 Revision) and the Proceeds of Criminal Conduct Law (2001 Revision) (the PCCL). These statutes create a number of offences in relation to activities involved in laundering the proceeds of crime.

Many senior Canadian issuers access the Canadian capital markets through the shelf prospectus system, which allows an issuer which meets certain criteria to issue securities over a two-year period. A shelf prospectus is filed qualifying the total amount of securities which the issuer expects to issue over a two-year period and the issuer then issues securities in tranches depending on market conditions and its needs.

UBS has raided Homburger Rechtsanwälte in Zurich to hire a new group general counsel for the Swiss bank.

Linklaters advises on BT rights issue

"It's like a kid in a candy store. They can't even decide what kind of chocolate to get"

Lawyers warn that technology companies could face an avalanche of securities fraud litigation following the stock market slump