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  • A number of US and UK firms have advised on the successful completion of the largest project finance deal in Israel. The deal involves the $1.2 billion financing of the cross-Israel toll road and closed at the end of October. The financing consists of a $850 million bank facility, including a fixed rate institutional tranche, and a $300 million private placement in the US and the reminder in equity.
  • The Hungarian government has completed the sale of OTP Bank, the largest Hungarian commercial bank in terms of assets and branch network.
  • The US's Holland & Knight has formed an alliance with an Argentinean firm in its second international link-up this year. The firm has established a representative office as part of its strategic alliance with local firm Alvarez Prado, Cabanellas & Kelly
  • Due to an administrative error, Bruckhaus Westrick Heller Löber was omitted from some tables in IFLR's European equity survey (IFLR October 1999). The corrected tables appear below
  • The UK Parliament is expected to pass the Financial Services and Markets Bill by spring 2000
  • Houthoff Buruma Amsterdam
  • It's moving the cash flow - stupidBy Frederick L Feldkamp of Foley & Lardner, Chicago
  • Securitization, as a sophisticated form of discounting or factoring receivables, gained official recognition in 1991 when the Securities and Exchange Commission (SEC) of the Philippines issued the Rules on Registration and Sale of Asset-Backed Securities. By Rafael A Morales of SyCip Salazar Hernandez & Gatmaitan, Manila
  • Securitization of Receivables By Tarja Wist and Ernst Gronblom of Waselius& Wist, Helsinki
  • During the past year some changes in the regulations applicable to securitization have taken place in Colombia By Jose Luis Suarez Parra and Ricardo Fandino De la Calle of Gomez Pinzon & Asociados, Bogota