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  • Spain
    Europe-Increasing control on concentrations
    May 31 1999
  • UAE
    Middle East & Africa-Recovery of loan Interest
    May 31 1999
  • $1 billion Brazilian gas privatization
    A consortium including British Gas and Shell has bought a $1 billion controlling stake (53%) in Gas de Sao Paulo, Brazil’s largest natural gas distributor*. This was the Brazilian government’s first privatization since the devaluation of the real in January. Gas de Sao Paulo serves around 300,000 mainly industrial customers in Sao Paulo, Brazil’s most populous state. The consortium’s bid was chosen in preference to several rival consortia, including one led by Enron and Agip of Italy.
    May 31 1999
  • France addresses market concerns on private placements
    Serge Durox of Coudert Frères, Paris, assesses the impact of new regulations on private placements and identifies the outstanding issues for prospective borrowers
    May 31 1999
  • Book Review
    The Capital Markets: Irish and International Laws and Regulations By Agnes Foy (Round Hall Sweet & Maxwell, 1998) Reviewed By Mark Walsh, Partner, Brown & Wood, London and New York*
    May 31 1999
  • Brazil
    Latin America-Brazilian natural gas company sold at a premium of 119%
    May 31 1999
  • Poland
    Europe-Polish Zloty (PLN) to be fully convertible by the year 2000
    May 31 1999
  • The Netherlands
    Europe-Securities guidelines on the use of analysts’ reports
    May 31 1999
  • Denmark
    Europe-Internet transactions may be conducted by use of The Dankort
    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
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