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  • The chief litigation counsel at the Securities and Exchange Commission (SEC) has left to return to private practice.
  • Europe's financial watchdogs plan to continue regulating alternative trading systems (ATSs) as they regulate brokerages, rather than classify ATSs as separate exchanges to be governed by stock exchange rules, says a recent report.
  • Toronto law firm Miller Thomson has merged with Swinton & Company from Vancouver, which specializes in securities law.
  • White & Case's Frankfurt office has lost two partners to Lovells Boesebeck Droste. Oliver Kessler is a securities partner and Thomas Schrell a corporate partner. Both have had short tenures at White & Case, Kessler having arrived in June 1999 from Wessing Berenberg-Gossler, and Schrell having joined from then-Freshfields Deringer in late 1999.
  • While Clifford Chance has suffered a setback, Baker & McKenzie has finally won its own joint law venture licence (JVL). The firm's original application needed to be resubmitted thanks to its dual-partnership system with local entity Wong & Leow which ran foul of the JVL terms.
  • The Human Rights Act is brought into forceLandwell, London
  • The new Argentine law on financial leasingAllende & Brea, Buenos Aires
  • FBC accepts innovative Tier 1 capital instrumentsWenger Vieli Belser
  • Employee stock option plansWierzbowski & Szubielska, Warsaw
  • Creeping-in regulationsCMS Strommer Reich-Rohrwig, Karasek Hainz, Vienna