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  • Davis Polk & Wardwell is advising on its second recent high-tech merger (see Network Solutions). The US firm is advising Mission Critical Software on its intended merger with NetIQ Corporation. Both companies are valued at $1.4 billion in what they describe as "a merger of equals".
  • The Trafford Centre in Manchester, one of the UK's largest shopping centres, has become the first of its kind in Europe to launch a securitization financing.
  • MGM Grand is to buy Mirage Resorts for $4.4 billion in a deal announced on March 7 2000. It will create the second-largest betting company in Las Vegas, behind Park Place Entertainment, which was formed at the end of 1998 by the Hilton Hotels Corporation.
  • It's been a long time coming. In fact, it's taken longer to complete than any other syndication. But — at last — the financing agreements for Athens' new ring roads were signed in early March.
  • Salans Hertzfeld & Heilbronn announced in March that it has hired Krzysztof Stefanowicz as its new IT and telecommunications partner in the Warsaw office. The arrival of Stefanowicz will increase the office's number of partners to four, and significantly expand its high-tech and telecommunications practice. Stefanowicz joins from Hogan & Hartson, also in Warsaw.
  • Telewest Communications and Flextech have announced that they intend to merge. The two companies have approximate market capitalizations of £10.1 billion ($16 billion) and £2.5 billion respectively.
  • The rapid development of the e-commerce industry had made it difficult for regulators to keep up. David Schumacher of Chadbourne & Parke looks at recent efforts in the US to provide certainty to electronic transactions
  • By Manuel Solano, Terri Grosselin and Mario Prats of PricewaterhouseCoopers, Mexico City
  • A few lessons from recent Italian takeover contestsBy Studio Legale Bisconti, Milan and Rome
  • Summary of the present climate in the jurisdictionBy Martin Kubánek of Gleiss Lutz Hootz Hirsch