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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.

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

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

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

Mannesmann has agreed to a $176 billion merger with Vodafone AirTouch in a partnership that will create Europe's biggest telecoms company.

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

Union Fenosa Desarrollo y Accion Exterior (Union Fenosa ACEX), Spain's third largest electricity company has retained the services of two law firms to advise on recommended mandatory cash offers by a subsidiary, for UK company Cambridge Water.

Swiss companies Clariant AG and Bobst SA have sought the advice of Chicago-based firm Baker & McKenzie, with their respective takeover offers, both of which were posted on January 31 2000.