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  • New guidelines on the role of the servicer in securitizationsStudio Legale Beltramo, Rome
  • Asset finance: the assignment of receivablesClaro y Cia, Santiago
  • The Federal Reserve Board has moved to allow financial holding companies greater access to e-commerce activities. Margaret Paulsen and Randal Quarles of Davis Polk & Wardwell, New York, outline the new rules
  • Regulation on warrants to be introducedRoschier-Holmberg & Waselius, Helsinki
  • If Linklaters has trounced its UK rivals, Sullivan & Cromwell and Cleary Gottlieb dominate the larger equity offerings. Ben Maiden, Rufus Jones, Nick Ferguson and Tom Nicholson report on the first six months of an exciting year for international equity
  • Liz Jones of Norton Rose, London, explains how Bristol & West became the first to securitize buy-to-let mortgages, and looks at how this innovative structure differs from traditional deals
  • Dresdner Bank is buying US investment bank Wasserstein Perella for $1.6 billion. Wasserstein is a well respected M&A boutique. Dresdner says it will combine its Dresdner Kleinwort Benson investment banking division with Wasserstein under the name Dresdner Kleinwort Wasserstein.
  • The Punch Group has refinanced its UK pub estate with a £1.48 billion ($2.2 billion) asset-backed securitization. James Harbach (global securities) and Mark Burgess-Smith (real estate) at Linklaters & Alliance advised Ambac Assurance UK, guaranteeing £630 million of senior fixed and floating rate notes.
  • Lawyers and bankers have dusted off their old Tracker Fund documents and are re-using some of the same tricks to sell shares in Hong Kong's Mass Transit Railway (MTR) this month.
  • Linklaters is advising French wine and spirits company, Remy Cointreau, on the acquisition of Bols Royal Distilleries of the Netherlands. Remy Cointreau will acquire 100% of Bols Royal Distilleries for euro 510 million ($446 million), payable partly in cash and partly in Remy Cointreau shares. The combined company will have a stronger presence worldwide, particularly in central and eastern Europe where Bols is a market leader.