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  • Holland & Knight opens in Israel
  • Clifford Chance and Freshfields advised Schroders and Rotch Property on the setting up of a £1 billion ($1.5 billion) Eurobond programme allowing for flexible refinancing of the future projects sponsored by Rotch.
  • Frederick L Feldkamp of Foley & Lardner, Chicago reviews the US securitization developments and suggests some possible limits
  • US firms have been hired to advise on Europe’s biggest and most recent high yield issue.
  • Internet provider Freeserve, advised by Shearman & Sterling and Linklaters, launched its much-anticipated IPO on July 26. The offering included an institutional tranche and a US tranche and closed at a 37% premium on the offer price at the end of its first day of trading in London.
  • The success of the German Pfandbriefe market has inspired new legislation in France on mortgage-backed bonds. Joseph J Smallhoover and Christian Cano of Dechert Price & Rhoads, Paris describe the vehicles and securities available to issuers
  • Pünder Volhard Weber & Axster
  • Roschier-Holmberg & Waselius
  • Gianni, Origoni & Partners, Italy’s second largest Italian law firm, is to join the Alliance Linklaters effect from September 1 1999.
  • The leading US firms in London talk candidly about the strengths and weaknesses of their capital markets practices. By Rob Mannix