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  • Marne et Champagne, the second largest producer of champagne, is to raise euro396 million ($393 million) through a bond issue secured on more than 60 million bottles of champagne.
  • Cravath Swaine & Moore and Simpson Thacher & Bartlett are advising on the world's largest corporate deal.
  • German firm Haarmann Hemmelrath has announced the names of the UK partners it has hired to staff the new London office which opens this spring. Jay Birch joins the firm from Hammond Suddards of Manchester.
  • In France, the question of internet access has been the subject of recent regulatory developments relating mainly to lower rates and of two decisions rendered by the French Competition Council. Moreover, the French Personal Data Authority recently issued a report concerning spams.
  • Clifford Chance has completed its merger with Luxembourg firm Faltz & Kremer.
  • UK firm Osborne Clarke has added French firm Stehlin & Associés to its European alliance and has pledged increased cooperation with existing partners in Germany, Denmark, Holland and Spain.
  • US firm White & Case will open a new office in Bahrain later this quarter. Five lawyers will initially staff the office. Bahrain and Dubai qualified lawyer Qays Zuíbi has been recruited to lead the office along with White & Case partner Michael Quigley who is moving from the Paris office.
  • Freshfields advised on completed European deals worth more than any other law firm in 1999, knocking Sullivan & Cromwell off the top spot, according to a report by Thomson Financial Securities Data.
  • Saudia Arabia’s growing demand for energy may soon force the country to open its doors to foreign investment.
  • Korean securitization is enjoying a renaissance after the difficulties of the Asian financial crisis.