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  • Bank loans deemed void for usurious interestStudio Legale Beltramo, Rome
  • Davis Polk & Wardwell has advised two power producers, one French and one from the US, in their acquisition of Brazilian electric distribution company Light Servicios de Electricidade.
  • Cleary Gottlieb Steen & Hamilton has put together a secondary offering for Reed Elsevier enabling the company to raise $1.7 billion and expand its shareholding base without making a rights issue to existing investors.
  • Australia and New Zealand are no longer as isolated as their far-flung locations would suggest, but their lawyers are still struggling to stay in the race for globalization. Nick Ferguson reports from Sydney and Auckland on how being big and being good may not be enough if firms’ strategies are not clear
  • Norton Rose has acted for France Télécom's internet operation Wanadoo on the $2.4 billion acquisition of UK Internet provider Freeserve.
  • Tom Glocer The newsgroup Reuters has appointed one of its former in-house legal team as the company's new chief executive. Tom Glocer will take over from the present chief executive Peter Job in July 2001.
  • Brobeck Hale & Dorr has at last found the right team to establish a German presence. Eight local technology lawyers will join the firm's Munich office, which opened on January 1.
  • Lee Suet Fern, former partner at Wong Partnership in Singapore, has opened her own practice. The firm, Stamford, is formed as a limited liability corporation, which is a new legal entity for Singapore law firms introduced under this summer's amendments to the Legal Profession Act.
  • China’s first comprehensive attempt to regulate its telecoms industry represents another firm step towards World Trade Organization (WTO) accession. Xiangmin Xu and Chlorophyll Yip of Clifford Chance, Hong Kong, explain the new framework for operational licensing, interconnection, the setting of telecoms charges and standards of telecoms services