Shearman & Sterling, Cleary Gottlieb Steen & Hamilton, Jones Day and NautaDutilh are feasting over the complex $17.8bn (£9.67bn) two-step merger that will create Mittal Steel, the world’s largest steel company.

The intricate deal, announced on Monday (25 October), sees New York and Amsterdam-listed company Ispat tie-up with sister company LNM. The newly-combined entity then merge with US giant International Steel Group (ISG) to create Mittal Steel.