Debt work deal

US lawyers have helped broker a debt restructuring deal for the Republics of Slovenia and Croatia. White & Case corporate partners James Hurlock and Troy Alexander and associates Lawrence Pettit and James Berman represented Croatia in issuing $1.46 billion in bonds in exchange for its share of a $4.3 billion debt owed by the former Yugoslavia to western banks, led by the Chase Manhattan Bank. Slovenia was represented by Cleary Gottleib Steen & Hamilton corporate partners Mark Walker and Andrew Bernstein. Slovenia issued $812 million in bonds in exchange for its share of the debt. The remnant Federal Republic of Yugoslavia is being represented by Allen & Overy partners David Morley and associate Mark Slater, but the deal for Yugoslavia has yet to be finalised and Allen & Overy said it could not yet comment on it.