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  • February saw an active market in the Americas. Cadwalader Wickersham & Taft's New York office lost finance partner Karen Gelernt to Alston & Bird, while it had been announced on January 30 that Orrick Herrington & Sutcliffe securitisation partners James Croke and Peter Manbeck would make their way across town to join the team at Chapman and Cutler.
  • The biggest series of moves in Asia was created by the trickle of partners leaving Paul Hastings Janofsky & Walker. SNR Denton Shanghai announced that Mitchell Dudek, the former chair of the Paul Hastings' Shanghai office, and Alex Wang would be joining its corporate and real estate practices.
  • An international corporate counsel criticises private practice for their inflexible models and disinterest in understanding his business
  • Regulatory enforcement of corporate governance codes of practice, no matter how accomplished, will almost always be met with some murmurings of discomfort.
  • It's been easy to criticise the sweeping changes to UK financial regulation over the past six months. Too often they have been directed by political short-termism, not industry realities. The government gave us a stark reminder of this approach on February 17, with HM Treasury's consultation paper outlining the new powers of UK regulators.
  • Banks must act now to oppose new measures that would allow the Financial Conduct Authority (FCA) to publish details of enforcement proceedings at the warning notice stage.
  • Interest in Shanghai’s private equity pilot program involving Qualified Foreign Limited Partners is weaker than expected
  • February kept up the pace of lateral hires across the board with notable movements in London between US and UK firms and activity among private equity practitioners.
  • With all the consternation over the flash crash committee's recommendations, there's one suggestion both regulators and market participants can agree on – implementing a limit-up/limit-down system on all stocks, derivatives and exchange-traded funds.
  • Hong Kong is tightening its Corporate Governance Code