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Proposed multilateral instrument 72-101Smith Lyons Toronto

Alessandro Varrenti White & Case has become the latest international firm to open up offices in Italy. The US firm has set up shop in Rome and Milan through a merger with Italian firm Varrenti e Associati. The combined firm will advise under the hefty title, Studio Legale White & Case Varrenti e Associati. It will have 20 lawyers and three equity partners. Alessandro Varrenti, name partner of the original Italian entity, becomes a White & Case partner, and is joined by two other partners from White & Case's international network. Ken Lee arrives from the firm's Mexico office, while Anthony Giustini is moving over from Paris.

Simmons & Simmons has become the latest UK firm to add a German office to its European network. The City firm has decided that Kaiser, a mergers and acquisitions (M&A) boutique with seven lawyers, will give it the foothold it needs in the German market.

The Amsterdam office of Freshfields Bruckhaus Deringer has tempted over a finance partner from The Netherlands' leading independent firm, Nauta Dutilh.

Liberalization of the Uruguayan telecommunications marketGomez Pinzon & Asociados Bogota

Orrick, Herrington & Sutcliffe and Clifford Chance have acted on a landmark UK asset-backed transaction, completing a £434 million ($641 million) securitization of the government's military aircraft leasing payments. The deal is believed to be the first securitization of military equipment in the UK, and one of the first aircraft securitizations to be governed by English law.

Nigel Boardman, Slaughter and May Mobile telecoms group Orange has taken a deep breath and finally launched the prospectus for its flotation this month. And as the offering comes ever closer, the list of law firms advising Orange and its owner, France Telecom, gets longer.

Client sues Clifford Chance over conflict

Davis Polk advises on $1.3 billion stock offering

Arthur Levitt, the longest serving chairman of the Securities and Exchange Commission in Washington, DC, is to step down in mid-February. While his term of office does not officially expire until 2003, it is common for holders of the post to leave government when a new president takes over.