People’s bank / citigroup

Another nice deal for London-based Cleary Gottlieb partner Andrew Curran, who joined the firm from Lovells in 1997. This sale comes hard on the heels of his work for Kobe Steel and its subsidiary Kobelco Construction Machinery in its global alliance with CNH Global (The Lawyer, 16 April), and last year he advised Robert Fleming Holdings on its takeover by Chase Manhattan.

This deal was referred to the London office by Washington DC partner Kenneth Bachman, who has a longstanding relationship with People’s Bank. Though the deal was done entirely under UK law, Clifford Chance acted for Citigroup and ran the deal out of New York under the leadership of partner John Healy.