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  • Dan Peel, White & Case The Croatian food and retail company Agrokor has received a $159 million financing package from a banking syndicate led by the European Bank for Reconstruction and Development (EBRD). The deal is the largest ever industrial financing in Croatia.
  • 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
  • Increasing use of plans of arrangementSmith Lyons, Toronto
  • Partial elimination of stamp duty on securities dealingWenger Vieli Belser, Zurich
  • Euronext Amsterdam announces tougher rules for IPOsHouthoff Buruma, Amsterdam
  • Bank loans deemed void for usurious interestStudio Legale Beltramo, Rome
  • The mobile phone operator Telefónica Móviles has launched a $2.8 billion initial public offering (IPO), Spain's largest ever flotation. Telefónica Móviles, a division of Spain's largest telecom company Telefónica, coordinated the listing of 300 million shares on the Spanish bourse. The New York Stock Exchange also carried the stock in the form of American depositary shares.
  • Norton Rose has acted for France Télécom's internet operation Wanadoo on the $2.4 billion acquisition of UK Internet provider Freeserve.
  • NTT DoCoMo, Japan's largest mobile phone operator, has appointed Lovells to advise on its acquisition of a 20% stake in KG Telecommunications, a Taiwanese mobile operator.
  • 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.