Milbank, Tweed, Hadley and Cloy

1. Milbank is known to have advised a variety of Western clients over the years on trade, licensing and related transactions with Central Europe. Most recently, for example, we advised a major American retail company on its sale of certain equipment for use in Russian hotels and assisted a Western bank in devising a structure to monetize East German foreign trade obligations. Milbank has many years of experience in advising clients on export controls and technology transfer restrictions that may be applicable in these transactions. Stanley Marcuss, the partner in charge of our Washington office, was responsible during the Carter Administration for the enforcement and implementation of the U.S. export control regulations. 2. Capital Markets Transactions. Milbank has represented a number of U.S. and Japanese financial Institutions in connection with syndicated loans and other capital markets transactions with Central European borrowers. The Firm has assisted a variety of Japanese leasing and trading companies in the structuring of so-called "square-trip" transactions, pursuant to which these financial institutions have furnished credits to International Investment Bank. Milbank lawyers also advised the arranger and sole dealer in connection with a Euro-commercial paper program for the National Bank of Hungary, the first such program established for a Central European issuer. In addition, Milbank lawyers represented banks during the 1980s in a number of sovereign loan restructurings for Central European countries, including Poland, Yugoslavia and Ronania, and recently have been actively representing banks in the secondary market for trading such loans.

3. Milbank's country fund practice has recently expanded to include Central European countries. Last June, for example, Milbank represented the underwriters in the international offering of interests in The Austro-Hungary Fund Limited, a closed-end company incorporated in Guernsey for the purpose of investing in equity and equity-related securities of Austrian and Hungarian companies.

4. Milbank lawyers have kept abreast of key developments in the emerging securities markets of Central Europe both through consultation with the Firm's long standing client, the New York Stock Exchange, and through their representation of investment banking clients who are exploring these markets. This October, for example, Milbank is accompanying the New York Stock Exchange to Moscow to make a presentation, at the invitation of the Russian Government, on the operation and regulation of Western stock exchanges.

5. Milbank engages in an extensive practice serving developers, domestic and foreign investors (including governmental entities), commercial banks and other institutional lenders, corporations and investment banks involved in major real estate transactions throughout the United States. Lawyers at the Firm have participated in the purchase, development, financing and sale of many important real estate projects in the United States and abroad.

6. Assignments that indicate the scope of the Firm's real estate practice include representing Colgate-Palmolive in connection with its phased development of a project on the New Jersey "Gold Coast"; the planning and development of Embarcadero Center in San Francisco; representing a Venezuelan company in a joint venture for the development of Paternoster Square, a 7-acre site abutting St. Paul's Cathedral in The City of London; and joint ventures between a major Japanese construction company and New York developers involving more than $1 billion of equity investments in real estate projects.

 

I.    Прочитайте и устно переведите со словарем весь
текст. Письменно переведите абзацы 1, 2.

 

II. Выпишите из абзаца 3 предложение с герунди­ем. Переведите это предложение на русский язык.

 

III. Выпишите из абзаца 6 предложение с отгла­гольным существительным. Переведите это предло­жение на русский язык.

 

IV. Выпишите из абзаца 5 предложение с причас­тием I. Переведите это предложение на русский язык.     

 

V. Найдите ответы в тексте на следующие вопросы:

1. Which questions does Milbank advise on?

2. What problems do Milbank lawyers deal with?

3. What have lawyers at the Firm participated in?

4. What companies did Milbank represent in jointventures?

5. Whose invitation did Milbank accompany the New York Stock Exchange to Moscow at?

Вариант 3

Milbank

 

1. Milbank is known to have extensive experience in representing clients in the issuance of the most innovative financial instruments appearing on the
capital markets, including principal exchange-rate linked securities, foreign currency warrants (including money-backed warrants), index notes, reverse index notes, and auction rate preferred stock.

In the Euro-finance market, Milbank has been involved in a significant number of "deals of the year" and deals involving new capital market techniques as listed by Euromoney.

2. More than 125 corporate finance attorneys regularly help clients structure and execute complex transactions, develop sophisticated new products and cope with regulatory barriers and tax implications. We have had extensive experience in corporate workouts, restructuring the debt of developing countries and assisting troubled banks and their shareholders in negotiating assisted acquisitions and settlements with regulators, and we work closely with a number of leading investment and commercial banks, including both foreign and domestic institutions.

3. Milbank represents many industrial and commercial enterprises, ranging from some of the world's largest corporations to many medium and smaller-sized companies. Over 130 lawyers who practice in the general corporate area provide clients in the United States and overseas with advice on corporate, commercial and regulatory questions in a broad range of business transaction.

4. In addition to general corporate mergers and acquisitions, Milbank has in-depth experience handling insurance, utility, banking  and thrift industry mergers. We have represented many domestic and foreign buyers and sellers, active in cross-border transactions, and also regularly involved in representing venture  capital partnerships and funds.

5. Milbank's lawyers have experience in leveraged buyouts involving public and private companies engaged in a variety of businesses, including manufacturing, mining, health care, entertainment, retail department stores, communications and financial services. Milbank has represented clients in all capacities, including management buyers, sellers, equity investors and lenders.

6. Milbank's banking and corporate practitioners have extensive experience in helping our clients through the banking regulatory maze, dealing with regulations of the Federal Reserve Board, the Controller of the Currency, the Federal Deposit Insurance Corporation and state banking authorities. We have particular strengths in structuring investments in utility properties to avoid regulation by the SEC, FERC or state authorities which would diminish the expected return on highly leveraged investments.

Our experience also includes all of the SEC and state securities regulations with which a corporate or financial institution operating in the United States must comply, including rules pertaining to mergers and acquisitions, financial controls, board of directors proceedings and corporate disclosure.

I. Прочтите и устно переведите со словарем весь текст. Письменно переведите абзацы 1, 2, 3.

 

II. Выпишите из абзаца 4 предложение с герундием. Переведите это предложение на русский язык.

III. Выпишете из абзаца 5 предложение с причасти­ем I. Переведите это предложение на русский язык.

 

IV.Выпишите из абзаца 6 предложение с инфини­тивом. Переведите это предложение на русский язык.

 

V. Дайте ответы на вопросы по тексту:

1. Whom has Milbank represented?

2. What do Milbank's lawyers have experience in?

3. What has Milbank been involved in?

Вариант 4

 

Milbank, Tweed, Hadley & Mc Cloy

 

1. The Los Angeles office of Milbank is known to be opened in 1987 to meet the needs of clients in a region characterized by dynamic growth and change. The Firm has responded with dynamic growth of its own. Some 75 partners and associates, including a number from our New York office and others from established Los Angeles firms, are now located in Los Angeles.

2. Our Los Angeles office provides services in all of the practice areas previously described, and complements and draws on our worldwide capabilities. We regularly provide a full range of legal services to regional, national and international leaders in banking commerce and industry.

3. Project and Utility Finance. Because of Milbank's depth in banking and finance, the Firm has developed one of the nation's largest and most experienced teams of lawyers who have played a major role in structuring and financing some of the world's largest energy, natural resource and industrial projects. In addition to traditional public and private offerings in the capital markets, we have pioneered the use of innovative financing techniques for major new utility projects. In 1989 alone ,  the Firm completed more than 33 project financings, with a total capital cost of approximately $5.7 billion. Milbank attorneys are also involved in innovative financings such as the Virginia Toll Road Privatization Project and the Denver Highway Privatization project.

4. With 45 lawyers drawn from different practice areas and located in each of our seven offices worldwide, Milbank has represented clients in an extraordinary variety of lease transactions, including leveraged leases of equipment as diverse as satellite transponders, aircraft, vessels, mining and drilling equipment, leveraged leases of entire facilities, and sales and leasebacks of real estate. The Firm has represented clients in completing more than 70 major lease financing transactions in one year alone, with an aggregate value of over $6 billion, and has represented all sides of lease transactions: debt, equity, trustee and arranger.

5. Milbank has long maintained an active trusts and estates practice. The department's 24 attorneys engage in a practice encompassing domestic and international estate planning; administration of trusts and decedents' estates; representation of nonprofit organizations; trusts and estates litigation; and domestic relations counseling and litigation in matrimonial and other sensitive family matters.

6. Clients include a number of the leading banks, major foundations, museums, universities, hospitals, other charitable and cultural institutions and public interest groups and many prominent families and high net worth individuals.

7. Our bankruptcy and reorganization practice, tinting back over 50 years, has always been an important area of the Firm. In recent years, Milbank hasrepresented parties in most of the major workouts and corporate reorganizations in the United States and our bankruptcy, and reorganization practice has taken a leading role in corporate restructurings.

8. We have one of the largest bankruptcy practices of any law firm, with more than 35 lawyers working in, this area. In addition a substantial number of lawyers from our corporate, banking, tax and litigation departments devote a large percentage of their practice to bankruptcy and reorganization work. Milbank's experience in all these areas enhances our ability to find solutions to our clients' business challenges.

 

I. Прочтите и устно переведите со словарем весь текст. Письменно переведите абзацы 1, 2, 3.

 

II. Выпишите из абзаца 8 предложение с инфини­тивом в функции обстоятельства цели. Переведите это предложение на русский язык.

 

III. Выпишите из абзаца 8 предложение с незави­симым причастным оборотом. Переведите это пред­ложение на русский язык.

 

IV. Выпишите из абзаца 4 предложение с герунди­ем, переведите его на русский язык.

 

V. Найдите в тексте ответы на следующие вопросы:

  1. When was the Los Angeles office of Milbank opened?

2. Why was the Los Angeles office of Milbank opened?

3. What clients does the department «Trusts and Estates» include?

4. How many years does the bankruptcy and reorganization practice date back?

5. What is Milbank noted for?

Вариант 5

Milbank

1. Milbank, Tweed, Hadley & McCloy is known to have an office in Washington.

2. Milbank's Washington practice focuses on the areas of international trade and investment, regulation of financial institutions (including a strong bank and thrift mergers and acquisitions practice), corporate finance including leveraged buyouts, representation of financial institutions and investment banks in securitization of pooled assets, federal energy regulation, including electricity and natural gas and corporate tax. We counsel and represent clients in the fields of U.S. and foreign banking transactions, general corporate law, bankruptcy, intellectual property, international trade and business transactions, and securities and commodity futures regulation. We regularly help clients in matters involving Congress, the Executive Branch, independent regulatory agencies and the federal courts, as well as in negotiations among private parties.

3. London Practice. Milbank attorneys in our London office offer United States-based and international clients the Firm's services there, with an emphasis on banking and corporate finance. Our corporate practice in London includes both Euromarket finance, ranging from conventional Euromarket securities to innovative asset repackagings, and representation of European clients raising funds or making acquisitions in the U.S. Our banking lawyers provide advice on U.S. bank regulatory issues and have extensive experience in a wide range of transactions, including project finance, leveraged lease transactions, LBO finance, sovereign debt restructurings, debt-equity swaps and syndicated lending. We provide clients with analysis and up-to-date information on developments leading to 1992, the year designated by the European Community for the completion of a single European market.

4. Structured Finance. Milbank represents some of the leading investment banks as well as commercial banks in the development and insurance of asset-backed investment products involving the securitization of commercial and residential real estate mortgages, consumer loans, trade receivables and receivables backed by established trademarks.

Our lawyers in the structured finance area have served as underwriters’ or issuers’ counsel in connection with over $16 billion in offerings of collateralized mortgage obligations, public offerings of residential mortgage obligations, public offerings of residential mortgage loan pass-through securities, and private placements of residential and commercial mortgage loan pass-through securities.

5. Bank Credit. Milbank’s bank transactional work has long been considered outstanding. We are one of the leading firms engaged in lesser developed country (LDC) debt restructuring and in such related areas as LDC debt trading and swaps, both debt-for-debt and debt-for-equity. Our detailed knowledge of bank regulatory, corporate, tax and accounting complexities enables us to structure elaborate transactions in innovative ways.

 

I. Прочитайте и устно переведите со словарём весь текст. Письменно переведите абзацы 1,2.

 

II. Выпишите из абзаца 4 предложение с отглагольным существительным. Переведите это предложение на русский язык.

 

III. Выпишите из абзаца 3 предложение с причастием I. Переведите это предложение на русский язык.

 

IV. Выпишите из абзаца 5 предложение с инфинитивом. Переведите это предложение на русский язык.

 

VI. Найдите в тексте ответы на следующие вопросы:

1. What does Milbank’s Washington practice focuse on?

2. What does Milbank’s London practice focuse on?

3. Whom does Milbank represent?

4. How has Milbank’s bank transactional work been considered?

5. What does Milbank provide clients with?

 

ЗАДАНИЕ 4

Вариант 1