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  • 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.
  • A panel of securities lawyers from a number of Asia Pacific countries consider a hypothetical multi-jurisdictional offering of debt securities via the internet. The fictional issuer, Ebiz.com, seeks advice on conflicting disclosure requirements and the responses of securities exchanges and national and international securities depositories and clearing systems
  • Akin, Gump, Strauss, Hauer & Feld has completed its biggest ever expansion, snapping up 61 lawyers from Los Angeles firm Troop Steuber Pasich Reddick & Tobey. The deal comes not a moment too soon for Troop Steuber, which has been looking for a suitable merger partner for some months.
  • 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.
  • 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.
  • Corporate in-house legal departments are spending more on outside counsel, according to a survey released October 31.
  • Simmons & Simmons is the latest UK firm to boost its securitization capability in Asia, hiring one local specialist and relocating two lawyers to Hong Kong. Among the new faces, Simmons has hired the head of the Bank of Tokyo Mitsubishi's Asia Pacific securitization group.
  • White & Case swoops on Freshfields for Moscow energy growth