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The offshore renminbi (RMB) bond market might be rapidly expanding, but international investors and issuers lack incentives to participate until the market adheres to international best practice on deal structures and credit ratings.

A recent Bank of England report set out the case for clearinghouses to have a well-mapped plan for how they will assign losses to members, in the event of a default that burns through the company's emergency funds. Central counterparties (CCPs) must closely consider their options when designing these rules, each of which has its own unique considerations.

Given Spain can support losses from this this, few banks need capital reserves

The debut listing of German chemicals producer Evonik on the Frankfurt and Luxembourg stock exchanges used an unconventional quick-to-market structure. The alternate initial public offering (IPO) sets a so-called almost-safe model for other large European corporates to follow.

Market opinion is sharply divided on whether Cyprus's favourable holding company regime is ringfenced from the effects of its banking crisis.

The deal opens up the east to new issuers Al Bayan Group has become the first Saudi company to tap the Malaysian capital markets, establishing a RM1 billion ($161 million) Malaysian ringgit sukuk programme. RM200 million sukuk wakalah due 2016 has been issued as the first tranche under the inaugural programme.

Timothy Langenkamp, Sidley Austin Trey Monsour, K&L Gates George Davis, O’Melveny & Myers Even by the standards of Houston's breakneck-paced, rough-and-tumble legal market, this spring has shaped up to be a busy one. As April moved into May, K&L GATES announced that it had lured Anthony Newton from Haynes and Boone to its office in Houston, where Newton will apply his knowledge of M&A, refinancings, private equity deals, and tax matters on behalf of oil and gas drillers and other corporate clients. Newton's hire came just days after K&L GATES announced the addition of Bruce Blefeld from Jackson Walker and Trey Monsour from Haynes and Boone as partners in its antitrust and restructuring practices respectively. PAUL HASTINGS hired corporate and securities lawyer Gislar Donnenberg as a partner in its Houston bureau. Donnenberg possesses special expertise in master limited partnerships (MLPs), a form of publicly traded partnership enjoying a surge of interest from both retail and institutional investors.

Lawyers can spend too much time chasing these

Hans Jürgen Meyer-Lindemann, Dechert The most high profile move in London last month was the capture by BAKER & McKENZIE of corporate partner Don Guiney from Freshfields. Guiney had spent the last 16 years at the UK firm and it has been suggested that Baker & McKenzie has made the hire in anticipation of a rise in work in the equity capital markets.

Lim Sin Teck, Stamford In Hong Kong, ROPES & GRAY hired Fried Frank's Victoria Lloyd in a push to strengthen its capital markets and M&A team. In Singapore, STAMFORD added two partners to its corporate practice – Lim Sin Teck from White & Case and Daniel Yong from Norton Rose. Former DLA Piper Singapore head Martin David joined INCE & CO to lead its Asia energy practice, while SIDLEY AUSTIN gained former Tokyo-based M&A partner, Gregory Salathé, from Morgan Lewis & Bockius.