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  • Bermuda-based telecoms carrier Global Crossing is to merge with regional telecoms operator US West
  • The Dutch Central Bank and Securities Board have given the clearest guidance to date on the qualification criteria for restricted circle offerings. By Pieter Riemer of Trenité Van Doorne, London
  • By Rainer Loges and Martin Kubanek of Gleiss Lutz Hootz Hirsch, Prague
  • Clifford Chance is under investigation in Hong Kong after charging HK$18.7 million ($2.4 million) for its role in the winding up of Peregrine.
  • The presence of major international firms is stirring up competition in the Dutch market. Ben Maiden reports on the mergers, alliances and partner poachings which characterize the new Dutch legal market
  • By John E Rogers and Francisco Videgaray of Carlsmith Ball, Mexico City
  • The Indonesian Banking Restructuring Programme by Susandarini zein and darrell R Johnson of soewit, Suhardiman, Eddymurthy & Kardano
  • Europe-Internet transactions may be conducted by use of The Dankort
  • US firm Curtis, Mallet-Prevost, Colt & Mosle is opening an office in Stamford, Connecticut. The firm hopes to build on its corporate and litigation work. George Kahale, firm managing partner, comments: “Stamford is a growing area with a lot of corporate activity, several firms have offices there.”
  • The Pepsi Bottling Group has issued 100 million common stock shares in an initial public offering worth $2.2 billion. The New York-based group manufactures and distributes Pepsi-Cola drinks.