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  • The Gitic Fallout By Koo & Partners of Kong Kong & Beijing
  • Winston and Strawn has raided its New York rivals to add four new partners.
  • Bermuda-based telecoms carrier Global Crossing is to merge with regional telecoms operator US West
  • Foreign financial institutions in the PRC By Brian Wallace Semkow
  • Charges over book debts finally fixed
  • Commerzbank is the first big European bank to set up an asset management group in Italy under new rules adopted in 1998. Gianluca Santilli and Andrea Marino of Santilli e Associati are advising the bank and describe the structure
  • Continental firms Beiten Burkhardt Mittl & Wegener (Germany), Moquet Borde & Associés (France), Pavia e Ansaldo (Italy) and Meyer Lustenberger (Switzerland) have joined to form the partnership BBLP
  • Wal-Mart, the world’s largest retailer, has bid £6.7 billion ($10.8 billion) in cash for UK supermarket chain Asda.
  • Two Danish firms are merging to knock 80-lawyer Kromann & Munter from its position as the country’s largest firm.
  • The Dutch Central Bank and Securities Board have given the clearest guidance to date on the qualification criteria for restricted circle offerings. By Pieter Riemer of Trenité Van Doorne, London