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  • inside-China confirms WTO membership
    A senior Chinese official has confirmed that the country’s expected future membership of the WTO will lead to a relaxation of restrictions on foreign law firms. In particular, the rule that firms may open only one office would be dropped, but joint ventures between local and foreign firms will not be permitted.
    May 31 1999
  • Inside-Fifty three per cent of UK firms
    Over 50% of UK law firms would consider forming a multi-disciplinary partnership (MDP) in the next five years. Accountants are the preferred partners, followed by barristers’ chambers.
    May 31 1999
  • Inside-Bermuda firm expands in BVI
    Pillsbury Madison & Sutro, a San Francisco firm, has lost its executive director, a substantial group of compensation and benefits lawyers, and has had to fire another nine partners.
    May 31 1999
  • Inside-Heard at the bar
    New York-based firm Paul, Weiss, Rifkind, Wharton & Garrison has appointed a firm chairman for the first time, with the aim of focusing on long-term issues and studying international opportunities. Alfred Youngwood, who is both chair of the firm and chair of the firm’s management committee, reveals that the first option being considered is a London office.
    May 31 1999
  • Piper & Marbury plans merger with Chicago’s Rudnick & Wolfe
    Baltimore-based Piper & Marbury is in merger talks with 340-lawyer firm Rudnick & Wolfe.
    April 30 1999
  • The leading firms for privatization revealed
    Baker & McKenzie, Freshfields, Sullivan & Cromwell and Davis Polk & Wardwell lead the rankings for privatization issues in 1998, according to tables published in Privatization International.
    April 30 1999
  • New Spanish firm formed from Mullerat & Roca lawyers
    Following the break-up of Spanish mid-tier firm Mullerat & Roca at the beginning of this year Sebastia Roca has merged his third of the firm to form Roca & Junyent, a new 60-lawyer firm.
    April 30 1999
  • Ontario sets new agenda for debt-like derivatives
    The Task Force created by the Ontario Securities Commission has released its report on debt-like derivatives recommending legislation for the protection of retail investors. Clint Calder and Ron Schlumpf of CIBC World Markets, Toronto review the proposals
    April 30 1999
  • Denmark
    Introduction of a bill on alteration of non-competition and non-solicitation clauses
    April 30 1999
  • China
    Foreign exchange control and the introduction of the euro
    April 30 1999
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