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  • Chicago-based Ameritech has sold its cellular business to fellow telecoms group GTE for $3.27 billion.
  • Baker & McKenzie is adding to its Middle East capability with the opening of an office in Bahrain.
  • New York-based Brown & Wood has ended merger negotiations with rival White & Case
  • In a formal ceremony last week the Chinese authorities granted 12 firms licences to practise in China.
  • The government has published a policy paper as part of its budget proposals setting out far reaching reforms for the securities and futures markets. James Walker of Clifford Chance, Hong Kong outlines the proposals which include the merger of the Hong Kong exchanges
  • Herbert Smith plans to open an office in Moscow within the next 12 months.
  • US firm Hunton & Williams has opened a London office, the firm’s fifth office outside the US.
  • Denton Hall’s European law firm association has linked with Swedish firm Wistrand.
  • With its first mortgage bond bank due to start trading, Luxembourg is aiming to create an international market for mortgage-backed securities. Henri Wagner, partner at Beghin Nothar Feider Loeff Claeys Verbeke, Luxembourg reviews the legislation which will govern the new banks
  • New York’s Kaye, Scholer, Fierman, Hays & Handler has appointed Susan Rahm chair of the firm’s international practice group.