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  • Gulf Indonesia and Clifford Chance in $9 billion gas deal
    Clifford Chance has advised Gulf Indonesia on its $9 billion gas deal with Singapore Power. Lawyers from the firm's oil and gas team in Singapore advised Gulf Indonesia and Santa Fe Energy Resources on the gas supply, transportation and sale arrangements between Pertamina, Indonesia's state-owned oil and gas company, and Singapore Power.
    March 01 2001
  • Loeff Claeys and Lernout & Hauspie part company
    The Belgian voice recognition group Lernout & Hauspie Speech Products (L&H) has broken off its relationship with Belgian firm Loeff Claeys Verbeke. L&H has endured a crippling last 10 months. Accounting irregularities and a Securities Exchange Commission (SEC) investigation into fraudulent activity has seen the company's share price slump.
    March 01 2001
  • Bar rules stifle competition, says US antitrust group
    Corporations will have to endure mounting legal bills and poorer service unless the rules governing lawyers are changed, a US antitrust organization has warned.
    March 01 2001
  • Freehills hires top regulator as market crackdown looms
    Freehills is hiring Joe Longo, the chief enforcer for the Australian Securities and Investments Commission (ASIC), who will move to the firm's Sydney office as special counsel in May. Longo has coordinated action for the Commission on financial services and products, markets regulation, takeovers, managed investments and accounting issues. He has also worked closely with international regulators on enforcement activities.
    March 01 2001
  • Belgium
    The new Belgian Company Code, the law of January 23 2001, and the Royal Decree of January 30 2001 which sets out the details of various general provisions in the Company Code, all came into effect on February 6 2001.
    March 01 2001
  • Portugal
    Securitization is an expanding market in Portugal, involving a variety of assets as well as various types of originator.
    March 01 2001
  • Word of Mouth
    "This should not be seen as a move to take on the best of Wall Street"
    March 01 2001
  • Finland
    On January 31 2001, the Finnish Ministry of Finance appointed a working group to develop legislation applicable to the book-entry securities system and book-entry accounts. The task of the working group is to propose amendments to the legislation, in order to create a multi-level ownership system.
    March 01 2001
  • Back to the drawing board for Canadian derivatives regulator
    The Ontario government’s rejection of the Securities Commission proposals for derivatives regulation threatens to destroy five years of work. Margaret Grottenthaler of Stikeman Elliott, Toronto, reflects on the government’s negative response and asks where the market can go from here
    March 01 2001
  • Paying for 3G in Hong Kong
    Hong Kong’s mobile operators have waited since late last year to find out how they will be asked to pay for the territory’s 3G licences. Michael Reede and Alana Triscott of Paul, Weiss, Rifkind, Wharton & Garrison in Hong Kong reveal how the sale will work
    March 01 2001
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