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  • 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
  • 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.
  • 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
  • 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
  • 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.
  • 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:
  • 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
  • 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.
  • 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.
  • 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.