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Colombia

To carry out proper due diligence as required by Colombian law, the following general guidelines on corporate duties, government permits, labour matters and taxation should be followed.

August 31 1997

Burlington Resources and Louisiana Land combine

Burlington Resources and Louisiana Land and Exploration have combined. The deal is valued at US$3 billion. The combined company will be one of the leading independent energy exploration and production companies worldwide.

August 31 1997

Project Prime completed

Partnership Property Management, a consortium led by Goldman Sachs, was chosen to take over the UK Department of Social Security's 700 properties. This deal, known as Project Prime, is the largest Private Finance Initiative transaction to date with a total value of £4 billion (US$6 billion)

August 31 1997

JP Morgan to purchase 45% of American Century

JP Morgan, the fifth largest US bank by tier one capital, is buying 45% of American Century in a deal valued at US$900 million. American Century is the fourth largest US manager of no-load mutual funds (funds whose shares are sold without commission or sales charges).

August 31 1997

Bruckhaus Westrick Stegemann closes in Japan

German firm Bruckhaus Westrick Stegemann has announced the closure of its Tokyo office. The office had been staffed by a single German lawyer since it opened in 1990.

August 31 1997

Talking points

International Bar Association

August 31 1997

What attracts and keeps laterals

The most important consideration for a laterally hired partner in choosing his or her new firm is not the level of compensation he or she will receive. Indeed, this consideration is placed fifth out of seven significant factors according to a survey by US lawyer search consultants Major, Hagen & Africa.

August 31 1997

Heard at the bar

• Nancy Wodka, a project finance specialist, has moved from the Washington office of New York's Skadden, Arps, Slate, Meagher & Flom to the Washington office of Houston-based Bracewell & Patterson LLP. She will head the firm's team on international infrastructure projects .

August 31 1997

Simmons and Fried Frank link in capital markets

In July, New York's Fried, Frank, Harris, Shriver & Jacobson and Simmons & Simmons of the UK created an International Securities Unit to handle both the English law and New York law aspects of securities issues. The unit, to be based in London, will be staffed by partners and other lawyers from both firms. It will handle the full range of both equity and bond issues in the US, UK and worldwide.

August 31 1997

Clifford Chance opens Dusseldorf branch

Clifford Chance has opened a second office in Germany. The Dusseldorf office is intended to capitalize on the heavy industries present in the Rhine-Ruhr area. Jan ter Haar, managing partner of Clifford Chance's Frankfurt office, explains: "We will be doing mainly corporate and M&A work, but we expect to pick up on the presence of IT and media sectors and bolster those practices too."

August 31 1997

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