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  • Allen & Overy is beginning to see the fruits of its new London-based Italian desk, with the recent completion of what it says is one of the most important deals in Italy.
  • 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.
  • The rapid development of the e-commerce industry had made it difficult for regulators to keep up. David Schumacher of Chadbourne & Parke looks at recent efforts in the US to provide certainty to electronic transactions
  • Fenwick & West and Davis Polk & Wardwell are advising on the largest merger involving a Silicon Valley company. The deal is VeriSign's acquisition of Network Solutions and is valued at $21 billion. The agreement was announced on March 7 and is also the second largest involving Internet companies.
  • The Commonwealth Bank of Australia announced last month that it intends to buy Colonial Limited for $5.7 billion. The combined group will be among Australia's market leaders for lending deposits and asset management. It will also become the country's third largest issuer of new life insurance premiums.
  • Garrigues & Andersen, has appointed Jose Maria Alonzo and Miguel Gordillo as joint managing partners. The directors of Garrigues voted unanimously to maintain the joint-management system that was introduced three years ago when the Spanish firm merged with the big five's Arthur Andersen. They replace Daniel Garcia-Pita and Alberto Terol. Antonio Garrigues will remain as president.
  • German firm Haarmann Hemmelrath has added to the recent opening of offices in London and Brussels by moving into Moscow. The new office complements to the firm's existing eastern European network which includes Prague, Warsaw, Bucharest and Budapest.
  • As the argument for embracing a loose alliance of pan-European law firms subsides, Austrian firms seek to strengthen their international ties with a view to a possible merger. Stephen Mulrenan reports