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  • Lawyers and bankers have dusted off their old Tracker Fund documents and are re-using some of the same tricks to sell shares in Hong Kong's Mass Transit Railway (MTR) this month.
  • Linklaters is advising French wine and spirits company, Remy Cointreau, on the acquisition of Bols Royal Distilleries of the Netherlands. Remy Cointreau will acquire 100% of Bols Royal Distilleries for euro 510 million ($446 million), payable partly in cash and partly in Remy Cointreau shares. The combined company will have a stronger presence worldwide, particularly in central and eastern Europe where Bols is a market leader.
  • Clifford Chance has advised Société Générale on a floor plan securitization for Hyundai Motor Finance. Hyundai was advised by Latham & Watkins.
  • Weil Gotshal & Manges is starting to rebuild its banking and finance practice in London. Ron Daitz, head of the firm's banking practice worldwide, is flying in from New York to provide direct leadership to the banking group. Daitz has advised on a range of debt restructurings, acquisition financings, project finacings and cross-border transactions. He has acted for clients such as Citigroup, GE Capital, Lehman Brothers and Chase Manhattan.
  • Linklaters has launched a legal extranet, Clients@Linklaters, which provides clients with direct access to contact, deal and billing information via a single website. Linklaters claims it is the most advanced extranet to be offered by a law firm.
  • Eight lawyers have defected from the Gothenburg office of Lagerlöf & Leman, Swedish member firm of Linklaters & Alliance, as talks to merge the two firms take place.
  • Allen & Overy Krakovska 9
  • The regulation of Investigatory Powers Act 2000: RIP?Landwell, London
  • Gilles Thieffry
  • In May, the Brazilian government notified the IMF of its commitment, under the Bretton Woods Agreement of 1944, to lift exchange control regulations and to refrain from imposing restrictions on the flow of capital. The commitment is yet to be implemented, but certain previous procedures are already being simplified: