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  • Heard at the bar
    • Geoffrey Howe, managing partner of UK firm Clifford Chance, is stepping down later this year to take up his new position of general counsel at merchant bank Robert Fleming.
    January 01 1998
  • Gazprom wins US$3 billion loan
    Gazprom has arranged a US$3 billion loan to finance its investments in the Yamal pipeline project and to refinance a US$1.2 billion bridge loan. The eight-year facility will be secured against revenues from Gaz de France supply contracts.
    January 01 1998
  • Global responsibilities
    Joseph Polizzotto, Managing Director and Deputy General Counsel, Lehman Brothers, New York, talks to Richard Forster
    January 01 1998
  • Finland
    In July 1997 a special one man taskforce was appointed by the Ministry of Finance to prepare a proposal for the reorganization of the supervision of Finland's financial and insurance markets. Particular attention was to be paid to the integration and technical development of the financial and insurance markets.
    January 01 1998
  • Austria
    The Insolvency Law Reform Act 1997 (1997 Act) contains amendments to Austrian corporate law, including statutory provisions to strengthen the supervisory board's control function in joint stock corporations (AG) and in limited liability companies (GmbH). The following reforms should more effectively prevent corporate insolvencies:
    January 01 1998
  • Who lawyered the biggest deals of 1997
    The year's leading deals identified and analyzed. The deals break new ground and many are templates for future transactions. By Richard Forster, Nick Ferguson and Stephen Mulrenan
    January 01 1998
  • Singapore
    The relaxation of the law that prohibits companies from buying back their own shares is now under review by the Registry of Companies.
    January 01 1998
  • Brazil
    Important features of Law 9.514 of November 20 1997 include:
    January 01 1998
  • WorldCom wins MCI
    The race for MCI Communications is over. MCI's board has approved a US$37 billion takeover offer from WorldCom, far in excess of rival offers from BT and GTE. The merger will create a company with a market capitalization of US$60 billion and revenues of US$32 billion. Some of the world's leading banks and law firms assembled to advise on the deal.
    January 01 1998
  • United States
    We are living at a time when electronic commerce is becoming an increasingly important factor in the world of business and finance. Yet the law has only begun to formulate principles and rules to govern these new methods of communication.
    January 01 1998
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