Scandinavia: A common market
Scandinavian law firms have successfully carved out niche expertise according to the demands of their domestic markets, but the emergence of an increasingly pan-regional commercial market may mean they will have to start thinking outside their traditional boundaries. Derek Bedlow reports
In May, the owner of the Swedish Stock Exchange, OM, announced that it was to merge with the proprietors of the Helsinki Stock Exchange, HEX. The deal, effectively a takeover as OM’s shareholders will hold 71% of the stock in the new company, is the first step in the exchange’s ambitious plans to create a single, pan-Nordic – and ultimately, pan-Baltic – stock exchange.
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