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Orrick, Herrington & Sutcliffe has been hit by the defection of one of its securitization specialists to Tite & Lewis, Ernst & Young's UK legal arm.

Korea certainly had its fingers burnt in the financial crisis of 1997. In the years since then, the reform of institutions ranging from the massive chaebol to the legal market itself has been seen by many as the key to any lasting recovery. Nick Ferguson reports from Seoul on how far the economy and lawyers have come, and what remains to be done

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

Adopting transfer pricing lawBaker & McKenzie, Almaty

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.