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  • US Steel, the largest steel-maker in the US, has bought the Slovakian steel group Vychodoslovenske Zeleziarne (VSZ) for $475 million. The deal represents the second-largest acquisition in Slovakia's history.
  • Orange, the mobile telephone company, is set to launch one of the world's largest initial public offerings (IPO) early next year. If it succeeds it will be with the help of Freshfields and Slaughter and May.
  • US firm Baker & McKenzie worked hard to overcome local insolvency laws as adviser to the lead arrangers on a recent $410 million project financing in Oman. The financing will be used to build around 1,000 kilometres of gas pipelines.
  • The European market has been slow to take advantage of collateralized debt obligation (CDO) issues when compared to the US. In recent weeks, however, two deals have completed which may help open up this potentially lucrative avenue of fund raising.
  • Australia's law firms are among the most profitable in Asia. They are sophisticated, large and close to southern Asian markets such as Indonesia and Malaysia. At first glance it is no surprise then that rumours of international mergers persist.
  • Law firms in Switzerland are emerging from the shadows of stifling secrecy laws, and 2000 might have seen the start of an influx of foreign firms. But old habits die hard. Rufus Jones reports from Zurich
  • New circular in relation with the autonomy of the management of collective investment undertakingsKPMG Legal Advisers, Brussels
  • Dutch auction issuer bids find marketSmith Lyons, Toronto
  • Five European law firms are involved in the agreed sale of Spray Networks, the Dutch subsidiary of Sweden's Spray Ventures, to Lycos Europe in one of the first significant steps towards consolidation in the European internet portal industry. The sale is valued at euro674 million ($566 million).
  • Norton Rose has captured the mandate to advise EasyJet, a leading European low cost flight operator, on its forthcoming initial public offering (IPO). The IPO is set to launch in mid-November. One estimate suggests the deal could raise £200 million ($289 million). Partner Mark Lloyd Williams leading the Norton Rose team with fellow partners Richard Baumann in the US and Chris Randall and Jeremy Edwards in London.