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  • A number of US and UK firms have advised on the successful completion of the largest project finance deal in Israel. The deal involves the $1.2 billion financing of the cross-Israel toll road and closed at the end of October. The financing consists of a $850 million bank facility, including a fixed rate institutional tranche, and a $300 million private placement in the US and the reminder in equity.
  • 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.
  • The Hungarian government has completed the sale of OTP Bank, the largest Hungarian commercial bank in terms of assets and branch network.
  • 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.
  • Milbank Tweed leads on first US-style LBO in post-recession Asia
  • The US's Holland & Knight has formed an alliance with an Argentinean firm in its second international link-up this year. The firm has established a representative office as part of its strategic alliance with local firm Alvarez Prado, Cabanellas & Kelly
  • 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
  • Securities fraud can lead to regulatory sanctions, civil suits and even possible criminal prosecution
  • LeBoeuf, Lamb, Greene & MacRae Moscow
  • Houthoff Buruma Amsterdam