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  • Lord Irvine, the Lord Chancellor, has appointed a new chairman for the UK Law Commission, the body responsible for examining possible reforms to legislation. Justice Robert Carnwath will take up his position in February.
  • US law firm Morgan, Lewis & Bockius has promoted Zoë Ashcroft to partner. Ashcroft is the tenth partner at the firm’s London office, and its first female partner. Her practice focuses on corporate and banking finance, with particular emphasis on transatlantic mergers and acquisitions transaction.
  • UAE
    Interest on deposit
  • Asia PacificCompanies Act amended
  • Netting laws to be extended to payment systems
  • Transparency requirements
  • When DaimlerChrysler’s stock began to trade on the NYSE in mid-November, a quiet revolution began for foreign equity securities trading in the US. By Nicholas DS Brumm of Cravath, Swaine & Moore, New York*
  • News on turnover taxation
  • Growing opportunities abroad for young Canadian lawyers have forced domestic firms to reassess their strategy. Stephen Mulrenan reports
  • A stellar team of law firms has been assembled to represent Exxon and Mobil on their $79 billion merger, the largest in history. The merged company will be known as Exxon Mobil and, with a market value of $250 billion, will be the world’s biggest quoted energy company, ahead of Royal Dutch/Shell Group. The different firms are needed to cover regulatory and antitrust aspects, as well as corporate issues, for the US and the companies’ principal foreign subsidiaries.