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

Participation of non-Finnish persons in shareholders’ meetings to be facilitatedRoschier-Holmberg & Waselius, Helsinki

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.

Pay rises at law firms to counter the threat of losing lawyers to other industries are causing expenses to rise faster than revenues, according to a November survey.

Korea has made a remarkable economic recovery began to stall in mid-2000. The Korea Stock Exchange’s new rules on foreign issuers are an attempt to restart the recovery by increasing diversity and liquidity in the market. John Kwon and Charles Sohn of Clifford Chance, Hong Kong review the amendments

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

Argentina's Estudio Beccar Varela has strengthened its co-operation agreement with Latin America's largest law firm, Pinheiro Neto of Brazil.

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

Belgian and Dutch firms have been putting themselves in the shop window for international mergers, but the big players are learning that small is beautiful. Rufus Jones reports from Brussels and Amsterdam