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  • UK firms help rehabilitate Latvian bank
    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.
    December 01 1999
  • South Africa privatizes SAA stake
    On November 19 South Africa completed the partial privatization of Africa's largest airline, South African Airways (SAA).
    December 01 1999
  • Barclays in largest UK credit card securitization
    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.
    December 01 1999
  • Singapore
    By Lee Suet-Fern of Wong Partnership, Singapore
    December 01 1999
  • Portugal
    By Maria João Ricou and António Mouteira Guerreiro of Gonçalves Pereira, Castelo Branco & Associados, Lisbon
    December 01 1999
  • Japan
    By Tsunemasa Terai and Brian A Yeager of Cleary Gottlieb Steen & Hamilton, New York
    December 01 1999
  • Bayer to buy Lyondell division for $2.45 billion
    Germany's Bayer, one of the world's leading suppliers to the polyurethane industry, has announced that it intends to acquire the global polyols business of Lyondell Chemical.
    December 01 1999
  • Warner-Lambert, American Home Products announce merger plans
    Warner-Lambert and American Home Products (AHP) announced on November 4 that they intend to combine in what they referred to as a merger of equals.
    December 01 1999
  • Switzerland
    Belser Altorfer & Partner Zurich
    December 01 1999
  • United States
    It's moving the cash flow - stupidBy Frederick L Feldkamp of Foley & Lardner, Chicago
    December 01 1999
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