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  • Hungary
    Europe-Valuation of non-cash contributions in Hungarian companies
    May 31 1999
  • Local hires the key to success in Hungary
    With the biggest privatizations over, international law firms in Hungary can no longer rely on highly profitable deals which require western legal know-how. As the market matures, the emphasis is on local law expertise. Rob Mannix reports
    May 31 1999
  • Lehman unit to buy Blount International
    The merchant bank unit of Lehman Brothers Holdings is to buy Blount International, a manufacturer of tree-harvesting machinery, for $1.4 billion in cash and assumed debt.
    May 31 1999
  • Renault and Nissan in $5.4 billion merger
    France’s Renault and Japan’s Nissan are combining to create the world’s fourth largest car maker. Renault is taking a 36.8% stake in Nissan Motor, and a 22.5% stake in Nissan Diesel, the company’s truck division. All funds will have been transferred by the end of May. The new company will produce five million vehicles per year.
    May 31 1999
  • China unveils unified contract law
    China’s new contract law is a historic piece of legislation for investors and their counsel as China builds towards a market economy. Lam Wing Wo of Deacons Graham & James, Hong Kong examines the regulations which come into force in October
    May 31 1999
  • Cutting Edge-Telecom Italia to merge
    Deutsche Telekom and Telecom Italia are to form the world’s second largest telecommunications company in what they describe as a merger of equals. The merger will be achieved through a stock swap with Deutsche Telekom shareholders owning 57% of the new company. The German government is selling part of its 72% stake in Deutsche Telekom and will hold a 40% stake in the merged company.
    May 31 1999
  • Eversheds looks to Bulgaria
    Eversheds’ associated Bulgarian office in the capital Sofia is to have a full time English qualified lawyer based there. Until now the UK firm has been represented in the jurisdiction by local firm Georgiev Todorov & Co, which has 32 lawyers.
    May 31 1999
  • Denton Hall acquires Kazakhstan office
    UK firm Denton Hall has opened an office in Almaty, Kazakhstan.
    May 31 1999
  • Inside-Pillsbury hits rough waters
    Pillsbury Madison & Sutro, a San Francisco firm, has lost its executive director, a substantial group of compensation and benefits lawyers, and has had to fire another nine partners.
    May 31 1999
  • TPSA sale revives Polish market
    The $920 million sale in November of a 15% stake in state telecoms company TPSA doubled the capitalization of the Warsaw exchange overnight and affirmed the new government’s commitment to privatization. Ben Maiden reports as lawyers compete for further deals in banking, airlines, oil and steel
    May 31 1999
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