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  • Introduction by the Banque de France
  • Introduction by the European Bank for Reconstruction and Development
  • Cormac Kissane of Brown & Wood in London explains the structure of KBC Bank's innovative CLO transaction and looks at the consequences for the European market
  • Amendments to Polish energy law
  • Standard Chartered is completing its acquisition of the Middle Eastern and South Asian operations of Grindlays, a bank within the Australia and New Zealand Banking Group (ANZ). The value of the deal is expected to hit $1.34 billion.
  • The Moscow telecom group Mobile TeleSystems (MTS) has become the first Russian company to launch an initial public offering (IPO) and secure a New York Stock Exchange listing since Russia's financial downturn in 1998. MTS launched $307 million worth of American Depositary Shares, with Deutsche Bank London and ING Barings the global coordinators and joint bookrunners. Lead managers were Credit Suisse First Boston, JP Morgan Securities, Renaissance Capital and Schroder Salomon Smith Barney.
  • PetroChina's March listing in Hong Kong and New York was the biggest sale of PRC oil industry assets to date. Its IPO is the latest step in a long march towards a thorough restructuring of China's oil industry. But Mark Day of White & Case, Hong Kong, asks if the industry can survive WTO
  • Tony Williams, worldwide managing partner of Andersen Legal responds to the recent American Bar Association (ABA) vote blocking multi-disciplinary practices in the US and says it is time for a new perspective
  • Recent developments in capital markets legislation
  • Dutch legislation on public takeover bids