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  • 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.
  • Freshfields advised on completed European deals worth more than any other law firm in 1999, knocking Sullivan & Cromwell off the top spot, according to a report by Thomson Financial Securities Data.
  • Saudia Arabia’s growing demand for energy may soon force the country to open its doors to foreign investment.
  • Korean securitization is enjoying a renaissance after the difficulties of the Asian financial crisis.
  • One of Washington’s most highly regarded law firms, Covington & Burling, announced last month that it would merge with the smaller firm of Howard, Smith & Levin.
  • Time is running out for Singapore lawyers. When the legal reform bill becomes law, expected this month, the attorney general will be able to approve up to five joint ventures and five formal alliances between foreign and local law firms.
  • US firm Jones Day Reavis & Pogue has lost Paris partner Laurent Faugérolas and four associates to the Paris office of rival US firm, Willkie Farr & Gallagher. Faugérolas is a corporate lawyer and had been at Jones Day Paris for five years.
  • US firm Perkins Coie has expanded its China practice group by poaching a group of partners from Baker & McKenzie.
  • Jonathan Pickworth of Dibb Lupton Alsop, London, considers a recent decision of the Commercial Court which limits the circumstances in which a market counter-party can recover losses incurred on a hedging contract.
  • Landwell, the network of PricewaterhouseCoopers law firms, has gained a South African member. Bell Dewar & Hall, based in Johannesburg, has become part of the Landwell network with effect from January 1 2000.