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  • Book Review
    The Capital Markets: Irish and International Laws and Regulations By Agnes Foy (Round Hall Sweet & Maxwell, 1998) Reviewed By Mark Walsh, Partner, Brown & Wood, London and New York*
    May 31, 1999
  • Local hires the key to success in Hungary
    With the biggest privatizations over, international law firms in Hungary can no longer rely on highly profitable deals which require western legal know-how. As the market matures, the emphasis is on local law expertise. Rob Mannix reports
    May 31, 1999
  • Advisers on Canada’s Mutual Life $1.9 billion demutualization
    The demutualization of Mutual Life of Canada, the first by a Canadian life insurance company, is likely to give the company an initial value of between C$1.9 billion and C$2.9 billion ($1.2 billion to $1.9 billion). Mutual’s 900,000 members vote on the plans to demutualize on June 10. Their windfalls will be in the form of either cash or shares. Any bonuses are contingent on two-thirds of members voting in favour of the plans.
    May 31, 1999
  • Lehman unit to buy Blount International
    The merchant bank unit of Lehman Brothers Holdings is to buy Blount International, a manufacturer of tree-harvesting machinery, for $1.4 billion in cash and assumed debt.
    May 31, 1999
  • Finland
    Europe-Finnish book-entry securities system to be revised
    May 31, 1999
  • China unveils unified contract law
    China’s new contract law is a historic piece of legislation for investors and their counsel as China builds towards a market economy. Lam Wing Wo of Deacons Graham & James, Hong Kong examines the regulations which come into force in October
    May 31, 1999
  • GEC in $4.5 billion acquisition of Fore Systems
    The UK’s General Electric Company (GEC) is buying Fore Systems, a Pittsburgh-based Internet equipment supplier. GEC recently agreed to sell its defence business to British Aerospace and is now concentrating on building up its telecoms and Internet capabilities. This acquisition follows GEC’s purchase of US telecoms company, Reltec.
    May 31, 1999
  • Barilla buys Wasa from Novartis
    Swiss pharmaceuticals company Novartis is selling its Wasa crispbread unit to Italy’s Barilla Alimentare. The Italian food company is paying Sfr475 million ($315 million) including debt. The deal is part of Novartis’s move to refocus its consumer health division.
    May 31, 1999
  • Inside-Pillsbury hits rough waters
    Pillsbury Madison & Sutro, a San Francisco firm, has lost its executive director, a substantial group of compensation and benefits lawyers, and has had to fire another nine partners.
    May 31, 1999
  • Gide exodus prompts management rethink
    Beleaguered French firm Gide Loyrette Nouel has ousted Xavier de Roux as chairman of its management committee.
    April 30, 1999
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