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  • The Finnish government has cut its stake in energy company Fortum Corporation in a series of transactions with a total value of $1.15 billion
  • Mexico’s national oil company Petroleos Mexicanos (Pemex) has come to the market with four tranches of structured export notes.
  • The role of the big five auditors in the Portuguese legal market is unclear but the election of a new Bar president is expected to clarify the profession’s regulations. Stephen Mulrenan reports
  • Uria has made inroads in Latin America, and Garrigues is seeking a presence there but Cuatrecasas is committed to the first merger. Stephen Mulrenan reports on Europe’s most dynamic market
  • As part of its strategy to expand its Paris cross-border M&A practice, Herbert Smith has appointed a new partner, Sylvie Dariosecq.
  • The US firm offering £1 million ($1.65 million) or more for an English lawyer is Chicago’s McDermott Will & Emery, IFLR can exclusively reveal.
  • Germany’s Deutsche Bank confirmed on November 23 that it was in the advanced stages of talks to buy US bank holding company Bankers Trust. The merger would create the world’s fifth-largest fund manager, with $500 billion-worth of assets.
  • News on turnover taxation
  • Growing opportunities abroad for young Canadian lawyers have forced domestic firms to reassess their strategy. Stephen Mulrenan reports
  • The Helsinki office of White & Case is advising the Republic of Finland and Sonera Group on the sale of the government’s 21.9% stake in Sonera. The transaction is the largest equity offering to date by a Finnish issuer as a total value of over $1.4 billion.