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  • Asset-backed and structuring financing By Timothy Ridley, senior partner and Anthony Travers senior partner, Maples and Calder
  • Navigating uncharted waters - taking security interests in US trade marks By Deborah Schavey Ruff of Mayer, Brown & Platt, Chicago
  • On the Formula One securitization, Morgan Stanley developed an innovative structure which allows issuers to combine the benefits of an equity offering and a bond issue. By Rob Mannix
  • A number of US and UK firms have advised on the successful completion of the largest project finance deal in Israel. The deal involves the $1.2 billion financing of the cross-Israel toll road and closed at the end of October. The financing consists of a $850 million bank facility, including a fixed rate institutional tranche, and a $300 million private placement in the US and the reminder in equity.
  • Baker & McKenzie and Brazilian firm Pinheiro Neto Advogados are advising on the latest important project finance transaction in the region. The financing is on behalf of Petróleo Brasileiro (Petrobras) in relation to the $2.5 billion Barracuda and Caratinga project.
  • Simmons & Simmons and Allen & Overy have advised on the first European securitization of airport revenues. It is also the first securitization of airport revenues without external guarantee.
  • Reports of a potential merger between San Francisco firm Orrick, Herrington & Sutcliffe and London IP/IT boutique Bird & Bird emerged at the end of October. The stories have been met with denials and silence at the two firms. However, rumours continue to circulate.
  • US firm, Jones Day Reavis & Pogue held its official opening ceremony for its new office in Shanghai, China, on November 18. The opening came just days after China signed an agreement with the US moving it towards membership of the World Trade Organization. The Cleveland-based firm was one of six foreign firms to receive a licence for the financial centre of China on March 12 of this year. It becomes the 27th US law firm to have an office on the mainland.
  • Due to an administrative error, Bruckhaus Westrick Heller Löber was omitted from some tables in IFLR's European equity survey (IFLR October 1999). The corrected tables appear below
  • The Hungarian government has completed the sale of OTP Bank, the largest Hungarian commercial bank in terms of assets and branch network.