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  • US firm McDermott Will & Emery has recruited Theodore Goddard's head of tax to its London office.
  • Lovells has opened a new office in Hungary, moved to larger premises in Moscow, hired a new partner in London and relocated an existing Russian partner, as it continues its investment in central and eastern Europe. This follows the January 1 merger of UK firm Lovell White Durrant with Germany's Boesebeck Droste.
  • Mannesmann has agreed to a $176 billion merger with Vodafone AirTouch in a partnership that will create Europe's biggest telecoms company.
  • UK firms are demonstrating their confidence in a resurgent Asia. Clifford Chance has opened in Jakarta. Linklaters has appointed a managing partner for the region. Rowe & Maw has linked up with a Hong Kong firm.
  • US firm Shearman & Sterling has attracted leading London securitization partner Marke Raines from City firm Allen & Overy.
  • Baker & McKenzie has recruited the head of derivatives at UK firm Hammond Suddards to its structured finance practice in London. Iona Levine joined the global firm at the beginning of February to head up its derivatives arm and is now one of six partners and 15 fee-earners in the firm's practice.
  • UK legal recruitment consultancy Longbridge International has launched the legal section of its online recruitment service. The site, search-direct.com, is being touted as a unique forum whereby employers and candidates retain control of the recruitment process without the need for consultancies.
  • In France, the question of internet access has been the subject of recent regulatory developments relating mainly to lower rates and of two decisions rendered by the French Competition Council. Moreover, the French Personal Data Authority recently issued a report concerning spams.
  • The telecommunications sector in Germany was fully liberalized effective January 1 1998, when Deutsche Telekom, the country's incumbent, lost its remaining monopoly, the provision of voice telephony services.
  • Liberalization of Fixed Voice Telephony