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  • Tiscali, the Italian internet operator, is merging with World Online, the European internet service provider. The deal, worth $11 billion, is the largest in the European internet market to date. It creates the second largest internet company in Europe.
  • New York law firm Cravath Swaine & Moore is advising AXA, the financial services group, on its offer to acquire the 39.7 % minority interest in AXA Financial for $10.4 billion.
  • Rachel Robbins, JP Morgan
  • Laurie Adams
  • Herbert Smith poaches Paris banking head from Linklaters
  • The iX merger proposal between the London Stock Exchange (LSE) and Deutsche Börse has been officially withdrawn in the wake of concerns over regulatory harmonization and the potential level of operating costs.
  • New resolution issued by Water Regulation CommissionGomez Pinzon & Associados, Bogota
  • Decapping of commission in South AfricaDeneys Reitz Inc, Johannesburg
  • The Securities and Exchange Commission has finally adopted the much-discussed Regulation FD – but not in its entirety. Paul Bird and Paul Brusiloff of Debevoise & Plimpton examine the new regulation and how it has been modified to reflect market criticisms
  • Led by general counsel Gregory Palm, Goldman Sachs’s legal department has doubled in size in just three years. Palm tells IFLR why consolidation in the financial services sector is pushing banks’ in-house teams to look for more efficient ways to deliver legal services. Traditional bank-law firm relationships will never be the same