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  • Brazil was the country which attracted most foreign investment in Latin America in 1999, receiving $31 billion of the $97 billion directed to the region last year, according to a preliminary study conducted by the United Nations Conference on Trade and Development (UNCTAD).
  • Baker & McKenzie has acted as both international and Italian counsel to leading German bank WestLB, on a securitization of Italian lease receivables.
  • Union Fenosa Desarrollo y Accion Exterior (Union Fenosa ACEX), Spain's third largest electricity company has retained the services of two law firms to advise on recommended mandatory cash offers by a subsidiary, for UK company Cambridge Water.
  • Baker & McKenzie has advised Bermuda company Pangea on the construction and related financing of a $436 million fibre optic network which will connect the UK, the Netherlands, Germany, Denmark, Sweden, Finland, Norway and Estonia.
  • Portugal’s status as a small economy on the EU’s outer rim has often left the Portuguese feeling removed from the Union. The real opportunities may be elsewhere. Ben Maiden reports
  • By resisting the advances of the international legal networks Spanish firms hope to forge a global role of their own. Ben Maiden reports
  • Mannesmann has agreed to a $176 billion merger with Vodafone AirTouch in a partnership that will create Europe's biggest telecoms company.
  • UK firms are demonstrating their confidence in a resurgent Asia. Clifford Chance has opened in Jakarta. Linklaters has appointed a managing partner for the region. Rowe & Maw has linked up with a Hong Kong firm.
  • US firm McDermott Will & Emery has recruited Theodore Goddard's head of tax to its London office.
  • Liberalization of Fixed Voice Telephony