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Liberalization of the Uruguayan telecommunications marketGomez Pinzon & Asociados Bogota

Baker Botts has hired Christine Ferguson, former counsel at the European Bank for Reconstruction and Development (EBRD) to strengthen the firm's central Asian team. Partners expect a wave of projects work to flow from a gas pipeline financing in Azerbaijan. Ferguson specializes in debt and equity transactions for natural resources, banking, telecoms, and other projects work in Azerbaijan and Albania, and joins as of counsel to head the US firm's Baku office. Ferguson, a former Moscow-based Clifford Chance partner, joins four local lawyers in Baku. She will use her experience in financing and hydro-carbons in Russia, the Balkans and central Asia, to win regional work.

New company codeLontings & Partners/KLegal Brussels

Orrick, Herrington & Sutcliffe and Clifford Chance have acted on a landmark UK asset-backed transaction, completing a £434 million ($641 million) securitization of the government's military aircraft leasing payments. The deal is believed to be the first securitization of military equipment in the UK, and one of the first aircraft securitizations to be governed by English law.

Nigel Boardman, Slaughter and May Mobile telecoms group Orange has taken a deep breath and finally launched the prospectus for its flotation this month. And as the offering comes ever closer, the list of law firms advising Orange and its owner, France Telecom, gets longer.

Client sues Clifford Chance over conflict

Arthur Levitt, the longest serving chairman of the Securities and Exchange Commission in Washington, DC, is to step down in mid-February. While his term of office does not officially expire until 2003, it is common for holders of the post to leave government when a new president takes over.

Not so long ago, project finance work for lawyers in Washington, DC didn’t offer much in the way of cutting edge transactions. But with development agencies setting the pace with more – and more complex – projects, there’s plenty of exciting work around for leading firms. Tom Nicholson reports

Maples & CalderGeorge Town

Davis Polk advises on $1.3 billion stock offering