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US firm Weil Gotshal & Manges has lost Maurice Allen, joint head of its London office, in what the firm has described as a mutual understanding. Allen resigned together with corporate partners Nick Holt and Martin Hughes. Holt specializes in equity transactions, Hughes in international bank finance. They were followed a couple of days later by Rachel Hatfield, a capital markets partner.

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.

After 10 years of wrangling, the Indian government has privatized its insurance industry. Aparna Viswanathan of Viswanathan & Co asks whether the legislative reforms have created an adequate regulatory framework

President of the International Bar Association (IBA), Klaus Böhlhoff, has requested further information from General Musharaf and the Pakistani authorities, on the removal of Justice Siddiqui as the country's Chief Justice. Böhlhoff would also like an explanation on the suspension of several Supreme Court judges, as well as why the judges of Pakistan must now take an oath of allegiance to the President.

Independent Belgian firm Loeff Claeys Verbeke has lost its head of tax to the UK's Freshfields.

The rapid development of e-commerce can cause regulatory headaches. Lam Wing Wo of Deacons Graham & James, Hong Kong, explains the latest measures taken by the local government to keep apace

IFLR's annual Asian legal awards attracted the legal industry's best and brightest. To view this article with streaming audio and video Click Here

As of December 28 1999 Colombia has a new tool to confront the economic crisis which has threatened the viability of some enterprises. By means of Law 550 of 1999, new regulations intended to help entrepreneurs and their creditors find a solution involving the redemption of the companies, were approved. Among others, Law 550 provides for the elimination of various legal obstacles which prevented profitable companies in difficult financial situation from achieving a recovery. Additionally, the law allows entrepreneurs and their creditors to reach an agreement in order to restructure the companies' financial obligations. The following is a brief description of the most important aspects of this law.

IFLR’s unique data once again reveals the leading legal advisers on international bond issues. Linklaters tops the stand alone issues while Clifford Chance and Allen & Overy lead the market in securitization and MTNs. Rob Mannix reports