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  • The general principles for the regulation of telecommunications were laid down in the Telecommunications Act adopted in 1992.
  • The introduction of new technologies and the liberalization of telecoms services carried out by the European legislator are key factors to consider when analysing the liberalization process of Italian telecoms services.
  • UK firm Osborne Clarke has added French firm Stehlin & Associés to its European alliance and has pledged increased cooperation with existing partners in Germany, Denmark, Holland and Spain.
  • During the economic crisis of 1997, Korea promised to open its legal market to international competition, but the extent of liberalization is still undecided. Koreans want little change, as slow as possible. US firms seem unconcerned. But UK firms have been lobbying hard for an open market. Rob Mannix reports
  • Korean securitization is enjoying a renaissance after the difficulties of the Asian financial crisis.
  • Cravath Swaine & Moore and Simpson Thacher & Bartlett are advising on the world's largest corporate deal.
  • January also saw the biggest ever all-UK corporate deal with the announcement that Glaxo Wellcome and SmithKline Beecham intend to merge.
  • For most of the past century the Glass Steagall Act artificially separated commercial and investment banking, and the Bank Holding Company Act provisions prohibited insurance underwriting.
  • The US financial services industry has opened to competition.
  • Lynn Bai of the Hong Kong Securities and Futures Commission outlines the new risk-based calculation method for brokers’ contributions to the stock clearing fund