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  • The US Competitive Telecommunications Association (CompTel) has warned the US Chamber of Commerce in Taiwan that it must support CompTel's recommended local telecom reforms, ensuring Taiwan conforms to WTO commitments.
  • The Ministry of Justice in China has granted White & Case a licence to open an office in Shanghai. This will be the firm's first office on the Chinese mainland. Until now the firm has operated its China practice from Hong Kong.
  • Tax partner Joe Doloboff has left Skadden Arps Slate Meagher & Flom to become the co-director of Ernst & Young's US West Coast tax practice. Doloboff is the first partner that Skadden Arps has lost to a big five firm.
  • Unilever has agreed to buy Bestfoods of the US for approximately $20.3 billion in equity and an assumption of $4 billion in debt.
  • Coudert Brothers will complete its withdrawal from Vietnam later this year when it closes its Hanoi office. Last year it closed its Ho Chi Minh office.
  • Lovells Frankfurt hires asset finance partner
  • Exchangeable shares level the playing field for foreign bidders
  • Turkey amends Banks Act
  • Swedish Securities Council issues statement on mandatory bids
  • lastminute.com and egg.com have shown how the internet can be used successfully to promote securities offerings. But investors and issuers still face legal challenges in protecting themselves. Alero Cave, Anky Chan and Marco Crosignani of Allen & Overy, London, report