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  • A US bankruptcy court has ruled that flip clauses are unenforceable. Securitisations could leave the US and ratings agencies may have to change existing structures
  • Weil Gotshal & Manges has hired corporate partner David Wohl. He has joined the firm’s New York office and was previously senior counsel at Simpson Thacher & Bartlett.
  • Antitrust lawyer David Evans has left Arent Fox to join Chadbourne & Parke as a partner in the firm’s Washington office.
  • Shearman & Sterling is advising Bunge on its sale of Brazilian fertiliser nutrients assets to Vale for $3.8 billion. Cleary Gottlieb Steen & Hamilton is representing Vale in the all cash transaction.
  • Chadbourne & Parke has hired Gerald Silver as a partner in the firm's litigation practice in New York.
  • The takeover of TPV Technology in Hong Kong has used both a Pipe and a block trade – removing the need for shareholder approval
  • Dechert has strengthened its business and reorganisation group in New York by hiring partner Allan Brilliant and Craig Druehl from Goodwin Procter.
  • Shearman & Sterling has advised Citigroup Global Markets as the initial purchaser of Greek dairy company Fage’s $150 million bond offering.
  • China’s tighter restrictions for foreign companies’ representative offices could cause some to convert to wholly foreign-owned enterprises in a bid to avoid the new rules
  • Forcing derivatives through central counterparties could exacerbate risk in the system, creating a delicate structure that really is too big to fail