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  • By Rainer Loges and Martin Kubanek of Gleiss Lutz Hootz Hirsch, Prague
  • The Finalization of Big Bang By Izury Goto of Tanaka & Takahashi
  • The Gitic Fallout By Koo & Partners of Kong Kong & Beijing
  • Bermuda-based telecoms carrier Global Crossing is to merge with regional telecoms operator US West
  • The second phase of the Dabhol power project in India has reached financial close.
  • Foreign financial institutions in the PRC By Brian Wallace Semkow
  • Commerzbank is the first big European bank to set up an asset management group in Italy under new rules adopted in 1998. Gianluca Santilli and Andrea Marino of Santilli e Associati are advising the bank and describe the structure
  • Wal-Mart, the world’s largest retailer, has bid £6.7 billion ($10.8 billion) in cash for UK supermarket chain Asda.
  • The London office of US firm Weil Gotshal & Manges has recruited partner Bruce Johnston from UK firm Wilde Sapte to boost its project finance capability.
  • Clifford Chance is under investigation in Hong Kong after charging HK$18.7 million ($2.4 million) for its role in the winding up of Peregrine.