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Linklaters and A&O act on benchmark Polish bond issue

Allen & Overy is advising Credit Suisse First Boston (CSFB) and Goldman Sachs International on the second largest initial public offering (IPO) in the UK this year. UK firm Herbert Smith is also working on the $1.25 billion London listing of UK recruitment consultant Michael Page International. Allen & Overy is advising CSFB, which is joint lead manager with Goldman Sachs International, as sponsor, global co-ordinator, sole book runner and underwriters on the UK company's IPO. Other banks involved in the offering are Deutsche Bank, Schroder Salomon Smith Barney, HSBC and West LB Panmure.

Milbank Tweed Hadley & McCloy hopes to attract lawyers suffering from the dot.com downturn to staff its new Palo Alto office.

Davis Polk & Wardwell and Allen & Gledhill have advised on Asia's first hybrid tier-one financing. The deal, for the Development Bank of Singapore (DBS), was welcomed by investors despite launching into fragile markets. Davis Polk, advising Morgan Stanley and Goldman Sachs on the international tranche, and Allen & Gledhill, advising DBS on the domestic tranche, are the first firms to work on such a deal in Asia and worked closely with the Monetary Authority of Singapore to establish the regulatory structure.

For years Spanish firms had a comfortable grip on their domestic market, coexisting almost peacefully with their international rivals. But now competition in the Spanish legal market is growing as firms enter a new phase. Thomas Williams reports from Madrid and Barcelona

Regulatory Environment in the year 2000 By Bela Déri of Déri & Lovrecz, the associated law firm of KPMG in Hungary, Budapest

Getting the institutional framework right at last By Dean A Yoost and Ross Kerley, PricewaterhouseCoopers in Tokyo

By Sai Ree Yun and Hee Chul Kang of Woo Yun Kang Jeong & Han, Seoul

Cross-border mergers and acquisitions in the PRC By Virginia Chan of Lovells, Hong Kong

Legal and tax issues in cross border M&As By Deanne D’Souza-Monie and Sandeep Farias of Nishith Desai Associates, Mumbai