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  • The supervisory board of Deutsche Börse announced in December that it had agreed to let the exchange go public. The flotation is likely to take place in the first quarter of this year.
  • In a second landmark deal last month, Milbank Tweed Hadley & McCloy closed, Brazil's largest ever project financing. The US firm acted as lead lenders counsel on the $2.5 billion financing of the Barracuda and Caratinga oil and gas fields off the Brazilian coast.
  • A consortium of five international banks, represented by Milbank, Tweed, Hadley & McCloy, came to the rescue of a Philippines power project in November, offering a bridge loan of $154 million.
  • Malaysia launches Eurobond issue
  • Dan Peel, White & Case The Croatian food and retail company Agrokor has received a $159 million financing package from a banking syndicate led by the European Bank for Reconstruction and Development (EBRD). The deal is the largest ever industrial financing in Croatia.
  • A bid to harmonize legislation on company takeovers in Europe that has been over a decade in the making may have to be scrapped. Sponsors of the directive fear last minute amendments proposed by the European Parliament will make it impossible to ratify.
  • Tom Glocer The newsgroup Reuters has appointed one of its former in-house legal team as the company's new chief executive. Tom Glocer will take over from the present chief executive Peter Job in July 2001.
  • Brobeck Hale & Dorr has at last found the right team to establish a German presence. Eight local technology lawyers will join the firm's Munich office, which opened on January 1.
  • Akin, Gump, Strauss, Hauer & Feld has completed its biggest ever expansion, snapping up 61 lawyers from Los Angeles firm Troop Steuber Pasich Reddick & Tobey. The deal comes not a moment too soon for Troop Steuber, which has been looking for a suitable merger partner for some months.
  • Lovells is the latest UK firm to make a play for the Dutch legal market, announcing a merger with Amsterdam firm Ekelmans Den Hollander. The addition of the Dutch firm, which has 40 lawyers and 13 partners, brings Lovells' European partnership to 233.