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  • Colombia
  • Uría & Menéndez Madrid
  • Privatization of the electricity sector is resumed
  • Ashurst Morris Crisp is advising Deutsche Telekom on the acquisition of the UK's fourth largest mobile telephone operator, One2One. The deal is worth £8.4 billion ($13.5 billion) comprising £6.9 billion in cash and £1.5 billion in assumed debt, the largest cash acquisition by a German company.
  • In a sign of further consolidation in the Italian market, Toffoletto has agreed to merge with Negri-Clementi, Montironi & Soci. Turin-based firm Ganna & Asociati will also join the new firm, to be called Negri Clementi, Toffoletto, Montironi & Soci. The firms signed agreements at the end of June but the merger will not be effective until January 1 2000
  • A Singapore lawyer has revealed four of the local practices he claims the government has chosen to be allowed to set up joint ventures with foreign firms.
  • The Tussauds securitization allowed venture capitalists to raise debt against the value of Tussaud Group's entire business rather than against specific receivables or assets.
  • The aim of the research was to identify the best law firms providing services to the oil, gas and power sectors. The research project was completed in six months by teams in London and New York. The primary data for the research was collected through questionnaires asking respondents to rank law firms, financial institutions and accountancy firms across different functions in three areas (upstream, downstream and power) on a global basis
  • US firm Weil, Gotshal & Manges advised Polish telecommunications company Netia on its $121 million initial public offering (IPO) on the Nasdaq stock exchange. Netia is the first Polish company to list on Nasdaq and only the second eastern-European company to do so. US firm Latham & Watkins advised underwriters Donaldson, Lufkin & Jenrette.
  • Italy has paved the way for the liberalization of the electricity industry