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US firm Curtis, Mallet-Prevost, Colt & Mosle is opening an office in Stamford, Connecticut. The firm hopes to build on its corporate and litigation work. George Kahale, firm managing partner, comments: “Stamford is a growing area with a lot of corporate activity, several firms have offices there.”

UK firm Trowers & Hamlins has opened an office in Cairo. The creation of the new office will allow Trowers to develop its role as a Middle Eastern regional counsel for multinational corporations.

UK law firm Cameron McKenna has joined with five European firms to form an alliance covering 19 countries and 31 offices.

On April 23 1999, the Commission approved the takeover of Bankers Trust Corporation by Deutsche Bank.

As part of their joint effort to support the development of small and medium-sized enterprises (SMEs) in central and eastern Europe, the European Commission and the European Bank for Reconstruction and Development (EBRD) have reached an agreement to establish a euro125 million SME Facility for the 10 central and eastern European countries that are candidates for European Union (EU) accession.

After meetings with foreign investors, the Vietnamese government has introduced a series of measures to attract foreign capital. Tony Foster and Dang Duong Anh of Freshfields, Hanoi discuss the changes for new and existing investors

The new regulations on securitization in Italy allow for more flexible structuring of deals. Raffaele Rizzi of Baker & McKenzie, London explains how to match the right structure to the securitized assets

On April 29 1999, the Securities and Exchange Commission (SEC) proposed once again rule amendments and a new proposed rule governing the custody of mutual fund assets outside the US. At the same time, it extended the date for complying with the amendments to the foreign custody rules until May 1 2000. The proposed new rule would govern the use of foreign securities depositories and in recognition that the previous standard of care was unworkable, the proposal drops the requirement that a fund’s board, adviser or domestic custodian find that fund assets will be subject to reasonable care if held by a foreign depository.

Europe-Increasing control on concentrations

North America-Court of Appeal rules on dissenting shareholder rights on compulsory squeeze out – equal treatment prevails over equal opportunity