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Structuring management buy-outs

Two of Spain's largest banks have announced a stock swap merger creating the second largest bank in the eurozone with a market value of euro 38 billion ($41 billion).

Dragsted Schlüter Helmer Nielsen, the largest law firm in Denmark, has announced that it is merging with fellow Danish firm Aros Advokater. The combined firm will have more than 160 lawyers, including 55 partners. The new firm will be called Dragsted Schlüter Aros Law Firm

Switzerland's lawyers have been immune to the invasions seen in other European jurisdictions.

Clifford Chance, Cameron McKenna, Dorsey & Whitney, Latham & Watkins, White & Case and Linklaters are the top six law firms for overall growth in the world, according to statistics in this year's IFLR 1000 Directory

Neil Mirchandani, Lovell White Durrant, London

In early October at the International Bar Association meeting in Barcelona, Hannes Schneider of German firm Hengeler Müller Weitzel Wirtz outlined the strategy he called the integrated team concept. Schneider defines the strategy, which unites Hengeler, US firm Davis Polk & Wardwell and the UK's Slaughter and May, as a direct alternative to the alliances and cross-border mergers between law firms. This is the first time that Hengeler has taken the opportunity to explain the strategy in detail and to market it to such a wide audience. Although the existence of a special relationship has been known for some time, the details can now be revealed.

When the SAS was introduced into French corporate law in 1994 it had one major restriciton

John A Tessensohn and Shusaku Yamamoto of Shusako Yamamoto Patent Law Office, Kobe, examine the patenting of computerized business methods in Japan

Many forms of security are commonly used as a means of eliminating credit risk and assuring payment.