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  • New Zealand’s Kensington Swan is set to join KPMG Legal. KPMG hopes its present New Zealand legal staff will eventually be able to integrate with the 43-partner Kensington Swan, but at the moment New Zealand does not allow multidisciplinary partnerships and so the two groups of lawyers will work separately.
  • McCarthy Tétrault, Canada's largest law firm, is to form an alliance with New York firm Fried, Frank, Harris, Shriver & Jacobsen. The relationship will initially involve the Canadian firm have a small team working in Fried Frank's New York office, but may deepen over time. Both firms specialize in M&A and corporate finance.
  • Effective July 1 2000 Canadian technology law firm, Gowling, Strathy & Henderson will merge with Montreal corporate finance banking law firm Lafleur Brown. The merged firm will include more than 550 lawyers, patent and trademark agents. The merger puts the firm within the top three firms in Canada, rivalling March's Borden Ladner Gervais five firm merger.
  • Deutsche Bank has lost a senior counsel to one of the law firms that it regularly outsources work to. Wolfgang Gross moved to Hengeler Mueller Weitzel Wirtz in Frankfurt in April and was immediately sent on a three-month secondment to the New York office of US 'best friend' Davis Polk & Wardwell.
  • Indonesia's Law 42 enables security interests to be registered in movable goods. Robert Hornick of Morgan, Lewis & Bockius, New York, reviews the new legislation and assesses its attempts to provide better security for creditors
  • The Paris office of UK firm Freshfields has welcomed the arrival of one of Europe's leading securities lawyers. Patrick Bonvarlet started at the firm on April 17, leaving behind Dutch/Belgian/French practice Stibbe Simont Monahan Duhot & Giroux. At Freshfields, Bonvarlet has teamed up with partners Gavin Darlington and Arnaud Peres, helping to develop the firm's European securities and M&A practice.
  • lastminute.com and egg.com have shown how the internet can be used successfully to promote securities offerings. But investors and issuers still face legal challenges in protecting themselves. Alero Cave, Anky Chan and Marco Crosignani of Allen & Overy, London, report
  • Alain Gauvin of Coudert Brothers, Paris, argues that proposed reforms should not limit the rights of French OPCVMs to use credit derivatives
  • Turkey amends Banks Act
  • Swedish Securities Council issues statement on mandatory bids