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  • Lawyers and bankers have dusted off their old Tracker Fund documents and are re-using some of the same tricks to sell shares in Hong Kong's Mass Transit Railway (MTR) this month.
  • Weil Gotshal & Manges is starting to rebuild its banking and finance practice in London. Ron Daitz, head of the firm's banking practice worldwide, is flying in from New York to provide direct leadership to the banking group. Daitz has advised on a range of debt restructurings, acquisition financings, project finacings and cross-border transactions. He has acted for clients such as Citigroup, GE Capital, Lehman Brothers and Chase Manhattan.
  • Gilles Thieffry
  • Russia enacts tax reformsLeBouef Lamb Greene & MacRae, Moscow
  • New resolution issued by Water Regulation CommissionGomez Pinzon & Associados, Bogota
  • The Punch Group has refinanced its UK pub estate with a £1.48 billion ($2.2 billion) asset-backed securitization. James Harbach (global securities) and Mark Burgess-Smith (real estate) at Linklaters & Alliance advised Ambac Assurance UK, guaranteeing £630 million of senior fixed and floating rate notes.
  • UK drinks and confectionery group Cadbury Schweppes, will pay $1.5 billion to buy Snapple Beverage Group, the US drinks company, from US company Triarc. The deal was formally announced on September 18 and completion is expected by November.
  • Clifford Chance has advised Société Générale on a floor plan securitization for Hyundai Motor Finance. Hyundai was advised by Latham & Watkins.
  • WorldCom is acquiring Intermedia, a US broadband communications company, for $6 billion. The deal gives WorldCom a 54% controlling interest in Digex, a provider of application services for internet-based businesses.
  • Rachel Robbins, JP Morgan