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  • New regulations for compensation systems of directors and managers through shares and stock options
  • 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.
  • 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.
  • 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.
  • Amendment to promote securitization
  • Watson Farley & Williams announced on March 20 that it has acquired an entire Singapore team from French firm Klein Goddard. The six partners, one consultant, 15 fee-earners and two trainees will join the existing Watson Farley office in Singapore, which was acquired from UK firm Sinclair Roche & Temperley in September 1998.
  • UK firm Freshfields has announced further expansion of its Amsterdam office with the hiring of Winfred Knibbeler, a leading competition lawyer. Knibbeler will joins as partner from Dutch firm Nauta Dutilh.
  • Richard Parolai and John Woodhall of Clifford Chance, advisers to Nomura International, explain how an old French legal device was used in the first champagne securitization, which closed in late March
  • Banco Santander Central Hispano (BSCH) is to acquire Patagon.com, an Internet brokerage company, in a deal valued at $500 million. The online Miami company will increase BSCH's reach into Latin America, where Patagon.com has websites in all the major Spanish- and Portuguese-speaking countries.