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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

New telecommunications lawWierzbowski & Szubielska, Warsaw

New online brokerage regulationStudio Legale Beltramo, Rome

New rules for reverse convertible or exchangeable notes (II)KPMG Legal Advisers, Brussels

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

SJ Berwin has raided Baker & McKenzie's German venture capital and private equity funds group, as the UK firm's German arm details plans to establish a presence in the emerging Munich market.

Provision of link services for offshore internet-listed securities transactionsClaro y Cia, Santiago

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.

The EU's committee of wise men has criticised the sluggish pace at which Europe has been moving towards increased market harmonization.