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NEW YORK, Dec. 27 2004 – LAWFUEL – Best for law news — Weil, Gotshal …

NEW YORK, Dec. 27 2004 – LAWFUEL – Best for law news — Weil, Gotshal & Manges LLP, one of the world’s leading law firms, advised Euro Fund Properties (EFP) in its
acquisition of Fisher Island Holdings LLC’s exclusive 216-acre island off the
coast of Miami, from John and Daniel Melk. The deal was finalized on December
21, 2004.

As part of the deal, Euro Fund Properties bought all of the condominiums
currently for sale on Fisher Island, land for more than 200 additional luxury
condominium units, the Fisher Island Hotel & Resort, the Fisher Island Club
(its open memberships and management contracts), and the island’s yacht slips
and marina.

“Euro Fund Properties comprises a young, successful group of European
business people,” said J. Philip Rosen, chair of Weil, Gotshal & Manges LLP’s
property group. “Weil Gotshal was retained because we understood their
interests in the deal itself, and their vision for the future of Fisher
Island. We are one of the leading law firms in the country in the area of real
estate finance which I believe is one of the reasons David [David Aim, CEO of
Euro Fund Properties] and his team turned to us; our having a top-notch
Florida operation certainly helped.”

Weil, Gotshal & Manges LLP is an international law firm of more than 1,200
attorneys, including approximately 300 partners. Weil Gotshal is headquartered
in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas,
Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Shanghai, Silicon
Valley, Singapore, Warsaw, Wilmington and Washington, D.C.

Weil, Gotshal & Manges LLP’s Team
Partners: J. Philip Rosen, New York; Alan Lascher, New York
Associates: David Berlyne, New York; John Butenas, Washington DC; Michael
Jo, Miami

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.