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Asian governments must write attractive contracts
In the second of two articles, Tim Soutar and Judith Hanson, of Clifford Chance, Hong Kong, continue their discussion of the role played by Asian governments in developing independent power sectors
September 30, 1996
US$1.2 billion Zhuhai power plant closes
The Zhuhai power project in China is the first project financing to reach financial close without guarantees from the government or any financial institution. The US$1.2 billion financing for the 2 x 660 MW coal-fired plant closed in September.
September 30, 1996
US penalizes investors in Iran and Libya
Jane M Freeberg of Watson, Farley & Williams, New York, considers the controversial Iran and Libya Sanctions Act of 1996, which is viewed by the EU as an American attempt to dictate foreign policy
September 30, 1996
IRS issues Final Regulations on US debt modification
The tax consequences of a modification to US debt instruments have now been clarified by the US Internal Revenue Service (IRS). Richard Andersen of Jones, Day, Reavis & Pogue, New York, looks at the implications
September 30, 1996
Swiss Re becomes world's largest health reinsurer
Swiss Re has agreed to purchase the Mercantile & General reisurance arm of the UK's Prudential Corporation for £1.75 billion. Swiss Re's bid has been accepted subject to regulatory approval.
September 30, 1996
Argentina
The recently enacted Decree 627/96 has provided a new set of rules in connection with leasing transactions. The Decree applies to leases governed by Argentine Law 24,441, in which the lessor is:
September 30, 1996
Secondary listings grow in popularity
John A Kehoe and J Alan Bannister of Clifford Chance, London and New York, offer a guide to the procedures for obtaining secondary listings on the main world markets
September 30, 1996
SKW acquires Sandoz division for US$1.1 billion
German bio-chemical company SKW Trostberg is to acquire Swiss company Master Builders Technology Division from Sandoz in a Sw fr1.3 billion (US$1.1 billion) deal. Subject to antitrust clearances the sale will close in November.
September 30, 1996
Allen & Overy in US hire
UK firm Allen & Overy has announced the appointment of US lawyer David Slade as partner in its New York office. In a move designed to give the firm a dual US and UK capability in project finance work, Slade will be joined by dual-qualified partner Carl Sheldon who moves from the Frankfurt office.
September 30, 1996
Goodman Phillips opens in Vancouver
Canadian firm Goodman Phillips & Vineberg opened a Vancouver office on September 9. The firm poached the managing partner for the office, Paul Goldman, from Canadian rival Lang Michener.
September 30, 1996
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