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  • 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.
  • German firm Bruckhaus Westrick Heller Löber is to open a new office in Munich on January 1 2000
  • Jones Day Reavis & Pogue has recruited two new partners. Conrad Everhard has joined the firm's New York office from Bryan Cave. Everhard will be a member of the firm's business practice group and technology specialized industry practice. Geoffrey Stewart joins the firm's Washington office from Hale and Dorr and will operate in the litigation group. He is experienced in complex commercial litigation.
  • China's agreement with the US has paved the way to WTO entry
  • Linklaters & Alliance is to gain three new offices in central and eastern Europe. The offices, in Hungary, Romania and Slovakia, add to the Alliance's network in the region, which already includes Warsaw and Prague. The offices in Bratislava, Budapest and Bucharest will open on January 4 and will be incorporated into the Alliance under the co-ordination of Nick Eastwell, capital markets partner responsible for emerging markets