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  • The London Stock Exchange (LSE) and Deutsche Börse have announced plans for a merger that would create the world's second largest stock exchange, behind New York. The new company would be called iX. In addition Nasdaq and iX have signed a memorandum of understanding to create a European high growth market.
  • Singapore's Cycle and Carriage (C&C), which last month led a consortium to buy a $506 million stake in Indonesia's leading car-maker Astra, is now in talks to buy an additional 3.9% stake - 103 million shares - from its fellow consortium member, Lazard Fund Asia.
  • Richard Forster reports from the 25th Annual Conference of the International Organization of Securities Commissions (IOSCO)Sydney on how regulators are rising to the challenge of a global market for capital
  • The International Organization of Securities Commissions (IOSCO) has set out 30 accounting standards issued by the International Accounting Standards Committee which its Presidents Committee approved for adoption by IOSCO members at the annual conference in Sydney.
  • Garrigues & Andersen has emerged as the firm with the highest revenues in Spain for the second year in succession, according to a report in Spanish newspaper Expansión. The result underlines Garrigues' position as the flagship of the Andersen Legal network and will fuel the intense debate over the future for multi-disciplinary practices (MDPs).
  • CMS Cameron McKenna has announced that it is to include a Swiss firm in its European alliance. Von Erlach Klainguti Stettler Wille is to join the group in June and will adopt the CMS moniker.
  • By Rino Caiazzo, Ughi e Nunziante, Rome
  • By Alberto Giampieri and Giovanni Nardulli of Gianni, Origoni & Partners, Rome
  • By Luca Picone of Brosio, Casati e Associati in association with Allen & Overy, Milan
  • By Franco Vigliano Chiomenti Studio Legale, Milan