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KPMG Consulting gave a much-needed shot in the arm to the Nasdaq market with its $2 billion initial public offering (IPO) in February. The issue was the biggest seen from a US company in almost a year. It was also the first time a big five accountancy firm's consultancy business had been floated.

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.

For the first time in five years Linklaters & Alliance has been toppled from its top spot on stand alone bond work. Its successor is the firm who has played the bridesmaid for so long – Allen & Overy. Ben Maiden reports on the surprise results of this year’s IFLR international bond survey

Pillsbury Winthrop of the US and Mexico's Creel, Garcia-Cuellar y Muggenburg have advised UK mobile phone company Vodafone on its first bid to establish a market in Latin America. Last month the company bought a 34.5% stake in Grupo Iusacell from the Peralta family for $973.4 million. Iusacell is Mexico's second largest mobile operator after Telefonica of Spain. The deal is being seen as a much needed boost for Iusacell, which last October lost out to Telefonica in negotiations to acquire five mobile phone companies operating in the north of the country.

Lovells has represented the world's oldest mutual life assurer, the UK's Equitable Life, in a sell-off that has dominated the British business press.

Clifford Chance will soon offer one-stop legal advice in Tokyo thanks to a joint venture with a local Japanese firm. Just over one year after mergers with US firm Roger & Wells and German firm Pünder, Volhard, Weber & Axster, Clifford Chance is tying up with Japan's Tanaka & Akita. However, this latest deal is hardly likely to overshadow the firm's landmark mergers in the US and Germany. When Tanaka & Akita goes ahead with the joint venture on May 1 it will add 10 lawyers to the 28 Clifford Chance already has in its existing Tokyo office. The joint venture will operate from the existing offices of Clifford Chance and will be known as Clifford Chance and Tanaka & Akita (T&A). Never let it be said that lawyers are afraid of change.

Like Deutsche Börse, France’s COB is looking to help stablize stock prices by tightening its rules governing initial public offerings. Laurence Mitrovic, Skadden, Arps, Slate, Meagher & Flom, Paris, looks at the regulators plans and the unfavourable response to them

Securitization is an expanding market in Portugal, involving a variety of assets as well as various types of originator.

The Polish Parliament is working on changes to the Banking Law Act of 29 August 1997 (Journal of Laws of 1997, No 140, item 939 with subsequent amendments). The aim of the proposed amendments is to harmonize the Polish legal system with EU regulations. The main references in this process are the provisions of Directive No 2000/12, relating to the taking up and pursuit of the business of credit institutions and regulations, regarding consumer credits and electronic money.

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.