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  • US specialist technology firm Brobeck Phleger & Harrison has opened an office in Washington DC and will open another in North Virginia later this year.
  • US energy company SCANA is to acquire the Public Service Company of North Carolina (PSCN) for $900 million including the assumption of debt.
  • New York-based Brown & Wood has ended merger negotiations with rival White & Case
  • Proposal for the amendment of the merger control regulations
  • Shareholder loans to a company
  • With its first mortgage bond bank due to start trading, Luxembourg is aiming to create an international market for mortgage-backed securities. Henri Wagner, partner at Beghin Nothar Feider Loeff Claeys Verbeke, Luxembourg reviews the legislation which will govern the new banks
  • Fleet Financial has announced its $16 billion takeover of BankBoston, in a move which will create the eighth largest bank in the US by assets and dominate the New England region.
  • Suez Lyonnaise is selling its 68.3% stake in the life insurance product manufacturer La Hénin Vie to La Mondiale, a mutual life insurance group.
  • To permit foreign bank branches
  • New York’s Kaye, Scholer, Fierman, Hays & Handler has appointed Susan Rahm chair of the firm’s international practice group.