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New law on bank mergersHerguner Bilgen & Ozeke Istanbul

No tax exemption for short-term capital gains of banking institutionsBaker & McKenzie Frankfurt

This month, IFLR presents extracts from the second and final part of the roundtable discussion on the unique issues faced by a company launching a cross-border internet offering

With the 2000 annual report and Form 20-F season approaching, Margaret Tahyar and Marcelle Joseph of Davis Polk & Wardwell, Washington, DC, discuss the SEC’s new Form 20-F rules and alert seasoned Form 20-F filers to potential hot topics for this year

Allan Leung has replaced Roddy McKean as managing partner of Lovells' Hong Kong office. McKean has returned to the London office, where a group of key partners are plotting to cool Lovells' global expansion.

Many of China’s new generation of limited liability and joint stock companies are now looking to evolve to meet increased competition. Steven Blayney of Lovells, Hong Kong, presents two case studies illustrating how companies can use acquisitions to gain a backdoor listing

Liberalization of the Uruguayan telecommunications marketGomez Pinzon & Asociados Bogota

Baker Botts has hired Christine Ferguson, former counsel at the European Bank for Reconstruction and Development (EBRD) to strengthen the firm's central Asian team. Partners expect a wave of projects work to flow from a gas pipeline financing in Azerbaijan. Ferguson specializes in debt and equity transactions for natural resources, banking, telecoms, and other projects work in Azerbaijan and Albania, and joins as of counsel to head the US firm's Baku office. Ferguson, a former Moscow-based Clifford Chance partner, joins four local lawyers in Baku. She will use her experience in financing and hydro-carbons in Russia, the Balkans and central Asia, to win regional work.

New company codeLontings & Partners/KLegal Brussels

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.