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  • The European Mortgage Federation (EMF) has put forward the concept of a European Mortgage Lending Value (EMLV) to meet new needs in the European property and finance fields.
  • The UK Post Office has announced its first big foreign acquisition with the purchase of German company German Parcel Paket-Logistik
  • AC Fiorentina, the Italian football league leader, is aiming to imitate its on-the-field success with a bond issue worth L67.5 billion ($40.3 million)
  • Mexico’s national oil company Petroleos Mexicanos (Pemex) has come to the market with four tranches of structured export notes.
  • The role of the big five auditors in the Portuguese legal market is unclear but the election of a new Bar president is expected to clarify the profession’s regulations. Stephen Mulrenan reports
  • UK law firm Watson, Farley & Williams has appointed Caryn Hemsworth as partner in the international finance group at the firm’s New York office.
  • Morgan Lewis & Bockius, the third largest firm in the US, has substantially increased its bankruptcy and creditor rights capability through a merger with a New York boutique.
  • The partners at UK City law firms Theodore Goddard and Richards Butler have decided not to go through with their proposed merger
  • Juan Andres Bautista of White & Case, Hong Kong reviews the new investment and foreign exchange laws for the Philippines in the wake of the Asian downturn
  • Decision making in joint venture companies