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The SEC has lifted its $5 million fixed limit on stock incentive plans for foreign companies with US operations.

LeBoeuf, Lamb, Greene & MacRae Moscow

By Maria João Ricou and António Mouteira Guerreiro of Gonçalves Pereira, Castelo Branco & Associados, Lisbon

Belser Altorfer & Partner Zurich

By Lee Suet-Fern of Wong Partnership, Singapore

Germany's Bayer, one of the world's leading suppliers to the polyurethane industry, has announced that it intends to acquire the global polyols business of Lyondell Chemical.

By Tsunemasa Terai and Brian A Yeager of Cleary Gottlieb Steen & Hamilton, New York

Warner-Lambert and American Home Products (AHP) announced on November 4 that they intend to combine in what they referred to as a merger of equals.

Clifford Chance has advised Deutsche Bank on the first securitization of receivables from a single airline lessee in Europe — a euro 195 million ($210 million) deal for Iberia. The transaction applies a well-developed US structure in Europe for the first time, creating a product that could radically change air finance in the region. It allows single airlines to raise money through securitization as an alternative to the conventional bank-loan and leasing markets, which are increasingly expensive and becoming less liquid.

LeBoeuf, Lamb, Greene & MacRae Moscow