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  • Securitization and debt repackaging are growth areas in offshore financial centres. Ian Ashman of Walkers, George Town, discusses the uses and developments of Cayman Islands special purpose vehicles in these structured finance transactions
  • Managing risk through the use of commercial insurance in international projects can be confusing. Noam Ayali of Chadbourne & Parke, Washington DC, explains what lies behind the jargon and how to successfully incorporate insurance into a lender’s security package
  • New pledge system
  • Tax relief for venture capital firms
  • Foreign issuers conducting roadshows on the internet need to take heed of the US regulatory environment. Robert Mullen of Milbank, Tweed, Hadley & McCloy LLP provides guidance on the key issues affecting concurrent SEC-registered and offshore offerings
  • New regulations for compensation systems of directors and managers through shares and stock options
  • Downstream mergers and financial assistance
  • BP Amoco announced in mid-March that it will buy Burmah Castrol for $4.7 billion. Once the deal is concluded, Castrol will become its leading lubricants brand and will provide BP Amoco with subsidiary outlets in 55 countries around the world.
  • 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.
  • Belgium