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  • Sweden’s first junk bond
    US firm Simpson Thacher & Bartlett advised Lehman Brothers and Morgan Stanley on Sweden’s first ever high-yield bond issue.
    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
  • Denton Hall acquires Kazakhstan office
    UK firm Denton Hall has opened an office in Almaty, Kazakhstan.
    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
  • 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
  • Inside-Heard at the bar
    New York-based firm Paul, Weiss, Rifkind, Wharton & Garrison has appointed a firm chairman for the first time, with the aim of focusing on long-term issues and studying international opportunities. Alfred Youngwood, who is both chair of the firm and chair of the firm’s management committee, reveals that the first option being considered is a London office.
    May 31 1999
  • Inside-Curtis Mallet to open Stamford office
    US firm Curtis, Mallet-Prevost, Colt & Mosle is opening an office in Stamford, Connecticut. The firm hopes to build on its corporate and litigation work. George Kahale, firm managing partner, comments: “Stamford is a growing area with a lot of corporate activity, several firms have offices there.”
    May 31 1999
  • Finland
    Europe-Finnish book-entry securities system to be revised
    May 31 1999
  • Inside-Fifty three per cent of UK firms
    Over 50% of UK law firms would consider forming a multi-disciplinary partnership (MDP) in the next five years. Accountants are the preferred partners, followed by barristers’ chambers.
    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
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