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  • The telecommunications sector in Germany was fully liberalized effective January 1 1998, when Deutsche Telekom, the country's incumbent, lost its remaining monopoly, the provision of voice telephony services.
  • FOR E-BUSINESS INVESTMENTS
  • The Greek telecoms sector is gradually but steadily moving to a competitive environment.
  • The rapid emergence of the electronic marketplace since the mid-1990s has created new opportunities for consumers and businesses, and posed a number of challenges for regulators.
  • Morrison & Foerster has formed a strategic alliance to provide state and local tax advice with accounting firm KPMG, making it the first law firm to forge a relationship with a big five accounting firm in the US. Chicago-firm Horwood Marcus & Berk Chartered and University of Georgia Professor Walter Hellerstein are also part of the alliance.
  • Shearman & Sterling's German office has hired two international merger and acquisition (M&A) lawyers from rival firm Oppenhoff & Rädler, Linklaters & Alliance's Cologne operation.
  • Big five firm Arthur Andersen has announced that it has hired former Clifford Chance managing partner Tony Williams in an attempt to compete with top international law firms.
  • Houthoff Buruma
  • The US financial services industry has opened to competition.
  • During the economic crisis of 1997, Korea promised to open its legal market to international competition, but the extent of liberalization is still undecided. Koreans want little change, as slow as possible. US firms seem unconcerned. But UK firms have been lobbying hard for an open market. Rob Mannix reports