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  • Independent Belgian firm Loeff Claeys Verbeke has lost its head of tax to the UK's Freshfields.
  • 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
  • Pakistan is set to bring financial services under the aegis of the Koran. Orr, Dignam & Co, Karachi, review the likely effect of the decision to ban interest payments
  • 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.
  • 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.
  • No other country in the EU has liberalized its electricity market as completely as Germany. But as Jan Byok of Wessing, Düsseldorf, argues, the old municipal monopolies have still not felt the full force of competition
  • 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
  • Mannesmann has agreed to a $176 billion merger with Vodafone AirTouch in a partnership that will create Europe's biggest telecoms company.