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  • Securitization techniques are being adopted in increasingly unusual ways. Richard Henderson of Watson, Farley & Williams, London, summarizes the available structures for ensuring off balance sheet financing for shipbuilders
  • Securitization and debt repackaging are growth areas in offshore financial centres. Ian Ashman of Walkers, George Town, discusses the uses and developments of Cayman Islands special purpose vehicles in these structured finance transactions
  • New pledge system
  • Foreign issuers conducting roadshows on the internet need to take heed of the US regulatory environment. Robert Mullen of Milbank, Tweed, Hadley & McCloy LLP provides guidance on the key issues affecting concurrent SEC-registered and offshore offerings
  • Davis Polk & Wardwell is advising on its second recent high-tech merger (see Network Solutions). The US firm is advising Mission Critical Software on its intended merger with NetIQ Corporation. Both companies are valued at $1.4 billion in what they describe as "a merger of equals".
  • BP Amoco announced in mid-March that it will buy Burmah Castrol for $4.7 billion. Once the deal is concluded, Castrol will become its leading lubricants brand and will provide BP Amoco with subsidiary outlets in 55 countries around the world.
  • MGM Grand is to buy Mirage Resorts for $4.4 billion in a deal announced on March 7 2000. It will create the second-largest betting company in Las Vegas, behind Park Place Entertainment, which was formed at the end of 1998 by the Hilton Hotels Corporation.
  • By Lech Zyzylewski of Wierzbowski & Szubielska, Warsaw
  • By Jo Rodin of Andersen Legal, Oslo By Jo Rodin of Andersen Legal, Oslo
  • By Ewout J Stumphius and François MBK Hoenjet of Loyens & Loeff, Rotterdam