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  • After 14 years of negotiations, China has reached the final stage of its admission to the World Trade Organization (WTO). As a result China has promised to lift many, but not all, restrictions imposed on foreign investment in its insurance industry. Andreas Lauffs and Andrew Ning of Baker & McKenzie, Hong Kong analyze the scope of China’s concessions
  • Another tax reform in the pipelineGómez-Pinzón y Asociados, Bogota
  • Foreign investments in PolandWierzbowski & Szubielska, Warsaw
  • A panel of securities lawyers from a number of Asia Pacific countries consider a hypothetical multi-jurisdictional offering of debt securities via the internet. The fictional issuer, Ebiz.com, seeks advice on conflicting disclosure requirements and the responses of securities exchanges and national and international securities depositories and clearing systems
  • Cleary Gottlieb Steen & Hamilton has put together a secondary offering for Reed Elsevier enabling the company to raise $1.7 billion and expand its shareholding base without making a rights issue to existing investors.
  • New type of authorization for investment firmsKPMG Legal Advisers, Brussels
  • Denton Wilde Sapte has completed a three year transaction which could provide natural gas for the first time to customers in Mozambique and South Africa. Denton advised Mozambique's state-owned oil company ENH on the $1.8 billion joint venture with SASOL, a South African synthetic fuel and chemicals group, which will enable them to develop Mozambique's two natural gas fields.
  • Australia and New Zealand are no longer as isolated as their far-flung locations would suggest, but their lawyers are still struggling to stay in the race for globalization. Nick Ferguson reports from Sydney and Auckland on how being big and being good may not be enough if firms’ strategies are not clear
  • In a second landmark deal last month, Milbank Tweed Hadley & McCloy closed, Brazil's largest ever project financing. The US firm acted as lead lenders counsel on the $2.5 billion financing of the Barracuda and Caratinga oil and gas fields off the Brazilian coast.
  • The supervisory board of Deutsche Börse announced in December that it had agreed to let the exchange go public. The flotation is likely to take place in the first quarter of this year.