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  • In the Philippines, knowing who to talk to can be one of your most important assets, both as a client and as a lawyer. With investors returning and foreign firms still barred, finding a way through the network is as important as ever. By Greg Ford
  • After the passing of secondary legislation, the Japanese government is ready to launch its private finance initiative. Mitsuhiro Kamiya of Freshfields, Tokyo looks at the rules and prospects for investors and bankers targeting Japanese PFI
  • Charles M Adelman of Cadwalader, Wickersham & Taft, New York reviews the long awaited proposals by the US Internal Revenue Service on how financial asset securitization investment trusts will operate
  • Overseas investment in New Zealand – consent thresholds relaxed
  • Stock exchange to merge with Brussels and Paris exchanges
  • Derivatives transactions with Hungarian investment funds
  • McCarthy Tétrault, Canada's largest law firm, is to form an alliance with New York firm Fried, Frank, Harris, Shriver & Jacobsen. The relationship will initially involve the Canadian firm have a small team working in Fried Frank's New York office, but may deepen over time. Both firms specialize in M&A and corporate finance.
  • Effective July 1 2000 Canadian technology law firm, Gowling, Strathy & Henderson will merge with Montreal corporate finance banking law firm Lafleur Brown. The merged firm will include more than 550 lawyers, patent and trademark agents. The merger puts the firm within the top three firms in Canada, rivalling March's Borden Ladner Gervais five firm merger.
  • New Zealand’s Kensington Swan is set to join KPMG Legal. KPMG hopes its present New Zealand legal staff will eventually be able to integrate with the 43-partner Kensington Swan, but at the moment New Zealand does not allow multidisciplinary partnerships and so the two groups of lawyers will work separately.
  • Deutsche Bank has lost a senior counsel to one of the law firms that it regularly outsources work to. Wolfgang Gross moved to Hengeler Mueller Weitzel Wirtz in Frankfurt in April and was immediately sent on a three-month secondment to the New York office of US 'best friend' Davis Polk & Wardwell.