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  • By Matthew Wong, CMS Cameron McKenna, Hong Kong
  • Dr Lorenzo Olgiati LLM, Schellenberg Wittmer Zurich
  • In the International Bond Survey (IFLR March 2000 pp10-13) IFLR incorrectly attributed the lead manager role on the $950 million Barclays Bank Gracechurch Card Funding securitization to Allen & Overy.
  • Amendment to promote securitization
  • US firm Morrison & Foerster has recruited Stephen Toronto as new managing partner in its Beijing office. He becomes a member of the corporate group and also expand the firm's technology and finance practice.
  • Watson Farley & Williams announced on March 20 that it has acquired an entire Singapore team from French firm Klein Goddard. The six partners, one consultant, 15 fee-earners and two trainees will join the existing Watson Farley office in Singapore, which was acquired from UK firm Sinclair Roche & Temperley in September 1998.
  • UK firm Freshfields has announced further expansion of its Amsterdam office with the hiring of Winfred Knibbeler, a leading competition lawyer. Knibbeler will joins as partner from Dutch firm Nauta Dutilh.
  • Banco Santander Central Hispano (BSCH) is to acquire Patagon.com, an Internet brokerage company, in a deal valued at $500 million. The online Miami company will increase BSCH's reach into Latin America, where Patagon.com has websites in all the major Spanish- and Portuguese-speaking countries.
  • Richard Parolai and John Woodhall of Clifford Chance, advisers to Nomura International, explain how an old French legal device was used in the first champagne securitization, which closed in late March
  • Simmons & Simmons has been used as adviser on two of Hong Kong's largest recent deals, underlining its status in the market. In the first, the UK firm advised Pacific Century Cyberworks (PCCW) on its acquisition of Cable & Wireless HKT. The successful bid is one the largest takeovers in Asia with a value of $36 billion. Cable & Wireless owns a 54% stake in HKT. The merger will make PCCW the third largest company on the Hong Kong Stock Exchange.