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In its first Eurobond issue since 1982, the Republic of Sri Lanka is to issue US$50 million of floating rate notes. Lead managers to the issue are Citibank and ING Barings.

The Life and Death of an Infrastructure Project, 2nd ed.

Perth firm Parker & Parker is to merge with the Perth office of Australian firm Freehill Hollingdale & Page. The merged firm will have 53 partners and 120 fee-earners, and will be known as Freehill Hollingdale & Page. The merger should take effect in May, and the firm will be based in Parker & Parker's offices in Perth. The addition of Parker & Parker's 86 lawyers will make Freehill Hollingdale Australia's largest law firm, with over 180 partners and 400 other lawyers in offices in Perth, Sydney, Melbourne, Brisbane and Canberra.

The Alliance of European Lawyers has added a Polish member, Consultor Limited, which has signed a cooperation agreement and will be known as Alliance Consultor. The French member of the six-firm Alliance, Jeantet & Associés, already has a Warsaw office, but there has been disagreement over its merger with Consultor and it is operating as a separate office despite the cooperation agreement. A Jeantet lawyer in one of the Alliance joint offices says: "It is a bit ridiculous but we all hope the merger will take place some time in May or June." There are practical reasons for the delay, according to Gérard Mazet, partner in Jeantet's Paris office. "Basically we have got problems with premises and with a few conflicts of interest and so for the time being they will remain separate."

• UK firm Simmons & Simmons has appointed partner Huen Wong to the new role of China managing partner. This involves heading the Hong Kong and Shanghai offices and integrating them in preparation for the handover of Hong Kong to China at the end of June.

The Korean government has recognized that depositors’ interests must be safeguarded by the state. But improvements need to be made, argues Dong Won Ko of the Institute for Monetary & Economic Research, The Bank of Korea, Seoul

The European Commission has published its deliberations on antitrust and distribution in Europe, giving an opportunity for debate on the framework for a new policy for the next century. By Ivo Van Bael of Van Bael & Bellis, Brussels

The Court of First Instance recently delivered its judgment in WWF UK v Commission (T-105/95) in which it considered the Commission's decision to refuse the World Wildlife Fund (WWF) access to documents relating to its investigation into the Irish Mullaghmore project to build a visitors' centre in the Burren National Park in Ireland.

Costly asset management failures are dramatic evidence of the need for third party audits of advisers’ practices, says Marcia MacHarg of Debevoise & Plimpton, New York

UK security, fire protection and home improvement group Williams Holdings is making a US$1.3 billion bid for rival Chubb Security.