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  • 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.
  • By Lee Suet-Fern of Wong Partnership, Singapore
  • Roschier-Holmberg & Waselius Helsinki
  • Navigating uncharted waters - taking security interests in US trade marks By Deborah Schavey Ruff of Mayer, Brown & Platt, Chicago
  • CMS Strommer Reich-Rohrwig Karasek Hainz Vienna
  • 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.
  • Baker & McKenzie and Brazilian firm Pinheiro Neto Advogados are advising on the latest important project finance transaction in the region. The financing is on behalf of Petróleo Brasileiro (Petrobras) in relation to the $2.5 billion Barracuda and Caratinga project.
  • German firm Bruckhaus Westrick Heller Löber is to open a new office in Munich on January 1 2000
  • The SEC’s new rules on cross-border M&A offers and rights offerings become effective in the New Year.
  • 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.