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  • The chief litigation counsel at the Securities and Exchange Commission (SEC) has left to return to private practice.
  • The International Swaps and Derivatives Association (ISDA) issued its "Operational Regulatory Approach Discussion Paper" in October. The paper was complied in co-operation with ISDA member firms and argues that regulatory appraisal of operational risk management by financial institutions should include a set of qualitative criteria.
  • Toronto law firm Miller Thomson has merged with Swinton & Company from Vancouver, which specializes in securities law.
  • Europe's financial watchdogs plan to continue regulating alternative trading systems (ATSs) as they regulate brokerages, rather than classify ATSs as separate exchanges to be governed by stock exchange rules, says a recent report.
  • White & Case's Frankfurt office has lost two partners to Lovells Boesebeck Droste. Oliver Kessler is a securities partner and Thomas Schrell a corporate partner. Both have had short tenures at White & Case, Kessler having arrived in June 1999 from Wessing Berenberg-Gossler, and Schrell having joined from then-Freshfields Deringer in late 1999.
  • While Clifford Chance has suffered a setback, Baker & McKenzie has finally won its own joint law venture licence (JVL). The firm's original application needed to be resubmitted thanks to its dual-partnership system with local entity Wong & Leow which ran foul of the JVL terms.
  • US firm Coudert Brothers is planning to merge with Swedish firm Schürmann & Grönberg, its associated Stockholm office, in January 2001. The Stockholm practice was part of German firm Schürmann & Partners and became an affiliate office when its parent merged with Coudert in January this year.
  • Marketing of foreign investment funds in Switzerland By Martin Lanz and Lionel Aeschlimann of Schellenberg Wittmer, Zurich, Geneva and Zug
  • Initial Public Offerings (IPOs) By Luca Arnaboldi and Massimo Trentino of Carnelutti
  • Dutch fund structures become more attractive in 2001 By A R T van Ijlzinga Veenstra and M J Peters of Clifford Chance, Amsterdam