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  • Belser Altorfer & Partner Zurich
  • Italy has paved the way for the liberalization of the electricity industry
  • Restructurings related to projects can prove especially complex
  • Privatization of the electricity sector is resumed
  • Coca Cola Beverages and Hellenic Bottlings announced on August 18 their intention to merge. The transaction is valued at £4.1 billion ($6.6 billion).
  • With Pünder, Volhard, Weber & Axster set to vote for its merger with Clifford Chance/Rogers & Wells this month, Nick Ferguson looks at the prospects for firms seduced by what the press has dubbed Fusionsfieber
  • The aim of the research was to identify the best law firms providing services to the oil, gas and power sectors. The research project was completed in six months by teams in London and New York. The primary data for the research was collected through questionnaires asking respondents to rank law firms, financial institutions and accountancy firms across different functions in three areas (upstream, downstream and power) on a global basis
  • US firm Weil, Gotshal & Manges advised Polish telecommunications company Netia on its $121 million initial public offering (IPO) on the Nasdaq stock exchange. Netia is the first Polish company to list on Nasdaq and only the second eastern-European company to do so. US firm Latham & Watkins advised underwriters Donaldson, Lufkin & Jenrette.
  • The SEC has lifted its $5 million fixed limit on stock incentive plans for foreign companies with US operations. But as Michael Alcamo of Morgan, Lewis & Bockius, New York, explains, tougher disclosure requirements present new challenges
  • The Chinese government's robust defence of the renminbi during the Asian financial crisis prevented devaluation.