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  • Bankruptcy and insolvency; special rules on banks and financial institutions
  • Swedish Securities Council issues statement on mandatory bids
  • Seven firms are involved in the proposed $46 billion combination of Vivendi with the Seagram Company and the Canal+ television station.
  • Review of company law to examine public offering rules
  • Morgan Stanley Dean Witter and Chase Manhattan have set up a £1.3 billion ($1.95 billion) working capital facility and a £2.5 billion senior facility for NTL Communications, helping to cover the acquisition of Cable & Wireless' UK residential cable business.
  • Antonio Sáinz de Vicuña, European Central Bank: In an exclusive interview, the general counsel of the European Central Bank talks to Rufus Jones about European stock market mergers, the future for regulation and the performance of the euro
  • Portuguese firm Morais Leitão, J Galvão Teles & Associados and US firms Cleary, Gottlieb, Steen & Hamilton have been working on the euro 250 million ($234 million) IPO of Impresa. Impresa is a leading Portuguese media company whose activities include television broadcasting and newspaper publishing.
  • Freshfields and Bruckhaus Westrick Heller Löber have finally agreed to merge, after the German firm took a second vote to secure the necessary majority to carry the decision through.
  • Allen & Overy and Clifford Chance have been called in to work on Canary Wharf's latest securitization. On June 6 the property group closed the second significant securitization of its property assets, its first since December 1997. The issue raised £975 million ($1.5 billion) against future lease rental revenues in the London complex, employing an innovative revolving credit structure. The 1997 deal had raised £555 million.
  • Regulation of the European securities market was top of the agenda at the recent Capital Markets Forum Euro Seminar in Frankfurt. Some speakers chose to play it safe, but the European Central Bank's general counsel took the opportunity to lay his cards on the table. Rufus Jones reports.