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  • New company codeLontings & Partners/KLegal Brussels
  • Commercial businesses to be authorized to take customer depositsRoschier-Holmberg & Waselius Helsinki
  • New law on bank mergersHerguner Bilgen & Ozeke Istanbul
  • No tax exemption for short-term capital gains of banking institutionsBaker & McKenzie Frankfurt
  • In the largest cross-border acquisition of a Singapore company, Milbank, Tweed, Hadley & McCloy represented Singapore's NatSteel. Wilson, Sonsini, Goodrich & Rosati represented the US acquiror, Solectron. Stamford advised the target NatSteel Electronics. The deal is valued at $2.4 billion.
  • Clifford Chance is advising Schroder Ventures on the £1 billion ($1.5 billion) financing for the purchase of UK Homebase DIY stores from supermarket retailer J Sainsbury.
  • Australia’s financial services reforms will give it one of the most unified and advanced financial services regimes in the world. Karen Den-Toll, director of financial services at Clayton Utz in Sydney, examines how the changes will affect issuers of financial products, and advisers across both the retail and wholesale customer markets
  • Parts of Asia are ripe for the kind of explosion in leveraged buy-outs seen in the US and Europe in the 1980s and 1990s. Richard Gray of Milbank, Tweed, Hadley & McCloy, Hong Kong, examines the legal and structural issues which this potential new market must address
  • Arthur Levitt, the longest serving chairman of the Securities and Exchange Commission in Washington, DC, is to step down in mid-February. While his term of office does not officially expire until 2003, it is common for holders of the post to leave government when a new president takes over.
  • Davis Polk advises on $1.3 billion stock offering