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Redemption by a company of its own shares — application of the Austrian Takeover CodeKarasek Hainz, Vienna

Incentives for production and exportation of natural gasGómez-Pinzón y Associados, Bogota

New rule for merger disclosureSmith Lyons, Toronto

The $45 billion mega-merger between General Electric Company and Honeywell International, the largest ever industrial acquisition, has attracted a crowd of interested firms. Arnold & Porter has deployed a heavyweight team of antitrust lawyers to advise General Electric, led by firm chairman Michael Sohn and including head of antitrust William Baer. Clifford Chance has been retained for competition work outside the US and Canada. Simon Baxter, Chris Bright and Marlene Van Kerckhove lead a team including lawyers from London, Brussels, Budapest, Prague and Warsaw.

Shearman & Sterling is to lose a UK partner for the first time, as London-based Rupert Walker leaves for Jersey's Mourant Group. Mourant is raiding its US peer as the offshore firm looks to capitalize on Europe's structured finance boom.

Introduction of Limited Liability PartnershipsLandwell, London

At a time when Germany is pressing ahead with the development of an energy derivatives market, its banking regulator has issued a statement calling for more stringent regulation of traders. Jörg Fried and Frank Herring of Oppenhoff & Rädler, Linklaters & Alliance, discuss how recent events have highlighted the need for clearer guidelines

PolyMirae’s dual currency $184 million equivalent limited recourse financing is Korea’s first international project financing. Ashley Wilkins and Francois Favret of SG Asia and Huw Jenkins, Alisha McPherson and Valerie Hoong of Clifford Chance describe the deal

Private pension system to be introducedHergüner Bilgen & Özeke, Istanbul

New telecommunications lawWierzbowski & Szubielska, Warsaw