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As market competition and the size of consortia have increased, provisions of acquisition agreements have changed. Eileen T Nugent of Skadden Arps Slate Meagher & Flom explains

By Edward Braham, Stephen Hewes, Bruce Embley and Simon Weller of Freshfields Bruckhaus Deringer

By Alan Montgomery of Herbert Smith

Europe overview

Macedonia

Swiss legal reform aims to make the country more competitive in the international investment fund market. Philippe Borens, Lionel Aeschlimann and Mark-Oliver Baumgarten of Schellenberg Wittmer outline the changes

Online UK property marketplace Rightmove completed its £425 million ($744 million) initial public offering (IPO). The company listed on the London Stock Exchange on March 15 and is reported to be investing ahead of changes to UK property law that bring in mandatory buyers' information packs in June 2007. Rightmove's website is the UK's largest property portal. Herbert Smith, through lead partner Greg Mulley, advised sponsor and sole bookrunner UBS on the deal. Slaughter and May advised Rightmove and Addleshaw Goddard advised the selling shareholders.

Ben Maiden reports on how the Supreme Court closed the door on class action suits and further tort reform

Freshfields Bruckhaus Deringer promoted Beijing corporate partner Doug Markel to managing partner for China for a term of three years. His practice covers Chinese M&A, joint ventures, private equity deals, corporate reorganizations and information technology and media ventures. Markel has been based in Beijing for 14 years and takes over from Michael Moser.

Allen & Overy and White & Case helped complete the $135 million financing for Cygnus LNG Shipping's liquefied natural gas (LNG) tanker project. The vessel is scheduled for delivery in January 2009 and will provide LNG transportation services to Tokyo Electric. Tokyo partner Henrik Gordenker led the White & Case team acting for Cygnus LNG Shipping and the sponsors, which included Tokyo Electric, NYK Lines and Mitsubishi. Allen & Overy advised the lenders and Mizuho Corporate Bank as arranger.