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  • Lovells is to open two Italian offices, in Milan and Rome, this month. In its first foray into the Italian market the firm has got off to a good start with the appointment of three partners from leading Italian firms, Pavia e Ansaldo and Gianni Origoni & Partners.
  • WorldCom is acquiring Intermedia, a US broadband communications company, for $6 billion. The deal gives WorldCom a 54% controlling interest in Digex, a provider of application services for internet-based businesses.
  • 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.
  • The regulation of Investigatory Powers Act 2000: RIP?Landwell, London
  • Turkey moves towards creating a derivatives marketHergüner Bilgen & Özeke, Istanbul
  • Asset finance: the assignment of receivablesClaro y Cia, Santiago
  • Russia enacts tax reformsLeBouef Lamb Greene & MacRae, Moscow
  • Decapping of commission in South AfricaDeneys Reitz Inc, Johannesburg
  • 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.
  • Herbert Smith poaches Paris banking head from Linklaters