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  • Pay rises at law firms to counter the threat of losing lawyers to other industries are causing expenses to rise faster than revenues, according to a November survey.
  • Belgian and Dutch firms have been putting themselves in the shop window for international mergers, but the big players are learning that small is beautiful. Rufus Jones reports from Brussels and Amsterdam
  • Introduction of Limited Liability PartnershipsLandwell, London
  • Private pension system to be introducedHergüner Bilgen & Özeke, Istanbul
  • Adopting transfer pricing lawBaker & McKenzie, Almaty
  • Redemption by a company of its own shares — application of the Austrian Takeover CodeKarasek Hainz, Vienna
  • Participation of non-Finnish persons in shareholders’ meetings to be facilitatedRoschier-Holmberg & Waselius, Helsinki
  • New rule for merger disclosureSmith Lyons, Toronto
  • When Ecuador defaulted on its Brady bonds in August 1999, it entered new territory for a sovereign issuer. More than a year later it seems to have answered many of the questions raised by its attempts to reschedule the debt. Lee C Buchheit of Cleary, Gottlieb, Steen & Hamilton, New York, adviser to the Republic, explains the challenges involved and the legal innovations used to save Ecuador from its default
  • UBS Warburg's former global general counsel has joined Clifford Chance, boosting the launch of a market conduct group at the UK firm designed to increase its capital markets regulatory focus.