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  • Roschier-Holmberg & Waselius Helsinki
  • CMS Strommer Reich-Rohrwig Karasek Hainz Vienna
  • Noronha Advogados London
  • The EU’s Finality Directive is designed to provide greater legal certainty following the introduction of the euro. Richard Potok of Potok & Co, London, looks at the progress of the implementation of Article 9(2) of the Directive throughout the Union.
  • Three UK law firms have completed the rehabilitation of a bank in eastern Europe. Simmons & Simmons, Clifford Chance and Freshfields have all worked on the successful rehabilitation of Latvian bank Rigas Komercbanka, which went into administration in February of this year. The bank reopened for business on October 26 and is now known as First Commercial Bank of Latvia.
  • On November 19 South Africa completed the partial privatization of Africa's largest airline, South African Airways (SAA).
  • Clifford Chance, Orrick Herrington & Sutcliffe and Linklaters have all advised on the largest securitization of UK credit cards. The transaction is valued at $1 billion backed by receivables from UK consumer credit and charge cards. Barclays Bank, including Barclaycard, was the originator, with Barclays Capital as seller of the bonds and lead manager.
  • By Lee Suet-Fern of Wong Partnership, Singapore
  • By Maria João Ricou and António Mouteira Guerreiro of Gonçalves Pereira, Castelo Branco & Associados, Lisbon
  • By Tsunemasa Terai and Brian A Yeager of Cleary Gottlieb Steen & Hamilton, New York