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  • The Hungarian government has completed the sale of OTP Bank, the largest Hungarian commercial bank in terms of assets and branch network.
  • US firm, Jones Day Reavis & Pogue held its official opening ceremony for its new office in Shanghai, China, on November 18. The opening came just days after China signed an agreement with the US moving it towards membership of the World Trade Organization. The Cleveland-based firm was one of six foreign firms to receive a licence for the financial centre of China on March 12 of this year. It becomes the 27th US law firm to have an office on the mainland.
  • Jones Day Reavis & Pogue has recruited two new partners. Conrad Everhard has joined the firm's New York office from Bryan Cave. Everhard will be a member of the firm's business practice group and technology specialized industry practice. Geoffrey Stewart joins the firm's Washington office from Hale and Dorr and will operate in the litigation group. He is experienced in complex commercial litigation.
  • German firm Bruckhaus Westrick Heller Löber is to open a new office in Munich on January 1 2000
  • Due to an administrative error, Bruckhaus Westrick Heller Löber was omitted from some tables in IFLR's European equity survey (IFLR October 1999). The corrected tables appear below
  • The UK Parliament is expected to pass the Financial Services and Markets Bill by spring 2000
  • The SEC’s new rules on cross-border M&A offers and rights offerings become effective in the New Year.
  • On November 19 South Africa completed the partial privatization of Africa's largest airline, South African Airways (SAA).
  • Navigating uncharted waters - taking security interests in US trade marks By Deborah Schavey Ruff of Mayer, Brown & Platt, Chicago
  • Political risk insurance and emerging markets structured securities By Thomas B Siebens and Lonnie S Keene of Milbank, Tweed, Hadley & McCloy