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  • US firm Baker & McKenzie worked hard to overcome local insolvency laws as adviser to the lead arrangers on a recent $410 million project financing in Oman. The financing will be used to build around 1,000 kilometres of gas pipelines.
  • Baker & McKenzie's Hong Kong office has won a place on China Mobile's acquisition of seven mobile-telephone networks. Freshfields, which advised on the two previous acquisitions, in 1998 and last year, is not involved.
  • Orange, the mobile telephone company, is set to launch one of the world's largest initial public offerings (IPO) early next year. If it succeeds it will be with the help of Freshfields and Slaughter and May.
  • The European market has been slow to take advantage of collateralized debt obligation (CDO) issues when compared to the US. In recent weeks, however, two deals have completed which may help open up this potentially lucrative avenue of fund raising.
  • The new rules for Fair Disclosure became effective on October 23, despite calls to set back the implementation date.
  • Australia's law firms are among the most profitable in Asia. They are sophisticated, large and close to southern Asian markets such as Indonesia and Malaysia. At first glance it is no surprise then that rumours of international mergers persist.
  • UK firm Norton Rose has lost its second partner to a multi-disciplinary partnership (MDP) in recent weeks. Celia Gardiner, a banking partner, has left to head up the banking team at PricewaterhouseCoopers' (PWC) legal arm, Landwell. She follows in the footsteps of capital markets head Gilles Thieffry who left Norton Rose to join Garretts, Andersen Legal's UK member firm.
  • Clifford Chance has advised on the UK's largest multi-loan commercial mortgage securitization, which continues a trend that will see European issuance this year well above 1999's $9.6 billion.
  • Law firms in Switzerland are emerging from the shadows of stifling secrecy laws, and 2000 might have seen the start of an influx of foreign firms. But old habits die hard. Rufus Jones reports from Zurich
  • Law firms in Switzerland are emerging from the shadows of stifling secrecy laws, and 2000 might have seen the start of an influx of foreign firms. But old habits die hard. Rufus Jones reports from Zurich