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  • Skadden opens in Silicon Valley
    New York-based Skadden, Arps, Slate, Meagher & Flom is set to open an office in Silicon Valley, California. It will be the centre of Skadden's high technology practice as well as focusing on mergers and acquisitions and intellectual property (IP) issues, capital market transactions and litigation matters.
    February 01 1998
  • Price Waterhouse adds Polish and Belgian law firms
    Price Waterhouse has linked with new Polish law firm Krzysztof Wierzbowski into its international network. In addition, the big six professional services firm has organized a close relationship with new Belgian firm Bogaert & Vandemeulebroeke. Both law firms were formed by lawyers leaving leading practices in their own country, and will maintain a degree of independence to avoid offending their local bar associations.
    February 01 1998
  • Haarmann and Allen & Overy join rush to Italy
    UK firm Allen & Overy announced that it is to merge with 65-lawyer Italian firm Brosio, Casati e Associati. Meanwhile, Haarmann Hemmelrath & Partner has become the second German firm to open an office in Italy. In the last year the following foreign firms have all opened in Italy or added to an existing presence: Clifford Chance, Freshfields, Simmons & Simmons and Cleary, Gottlieb, Steen & Hamilton.
    February 01 1998
  • Denton extends reach to New York
    Denton Hall has opened a New York office and appointed two insurance partners from Dibb Lupton Alsop. The new office will specialize in insurance and reinsurance, both contentious and non-contentious, as well as developing its commercial litigation and arbitration practice.
    February 01 1998
  • Hungarian legal market faces contraction
    A number of foreign firms have left and are likely to leave Hungary, pushed out more by a change in the work on offer than by the planned amendments to the bar rules for foreign lawyers. Richard Forster reports
    February 01 1998
  • European Union
    In October the Commission held an oral hearing to discuss the way forward following the publication of its Green Paper on vertical restraints, referred to in the March 1997 issue of International Financial Law Review (see page 62).
    February 01 1998
  • Saudi power market opened to foreign investment
    A new rule opens Saudi Arabia to independent power projects for the first time. Project finance is likely to take off, and the forthcoming power plant, Shuaiba, may be a BOO project. By Steven Miles of Arent Fox, Washington DC and Jeddah, Saudi Arabia
    February 01 1998
  • Philippines
    Republic Act No. 8366 (Act) was made law on October 21 1997 and took effect on November 14 1997. The law aims to liberalize the Philippine investment industry by amending certain sections of Presidential Decree No. 129 (Decree), known as the Investment House Law.
    February 01 1998
  • Argentina
    Continuing the programme of economic reforms started in 1989, president Menem's last full year of government before elections in 1999 will be characterized by the privatization of most publicly held companies and the selling of shareholdings in those privatized companies in which the government holds a participation, principally in the electric and banking sectors.
    February 01 1998
  • Singapore
    Tender bids for Singapore's second fixed-line licence and third mobile phone licence closed on December 31 1997.
    February 01 1998
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