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  • Latham & Watkins partner Jose Fernandez has been confirmed as Assistant Secretary for Economic, Energy and Business Affairs for the US Department of State by the US Senate.
  • Adam Gale has joined Chadbourne & Parke as counsel in the corporate practice in New York. He joins the firm from Orrick Herrington & Sutcliffe where he was of counsel in the private investment funds group and the market regulation group.
  • Banks and companies in Hong Kong could find themselves in a highly litigious environment if they fail to voice concerns over the Law Reform Commission’s proposals on class actions
  • Rating agencies are beginning to remove systemic and regional support from the way they assess hybrid securities and subordinated debt. Alongside wider notching, this means likely downgrades
  • Khaitan & Co has hired a new competition partner to join its team in New Dehli
  • The international investment in Nakheel’s bond will mean UAE legislation and restructuring tools could be used for the first time
  • China is the most difficult Asian country in which to enforce security, according to a new survey of distressed debt practitioners
  • Recourse on Dubai World's Nakheel bonds could depend on what creditors are holding, and the law their lending documentation was structured in
  • Banks could demand that their corporate counterparties in China seek more advice on trades, after a senior Chinese regulator criticised international banks
  • Cuatrecasas Gonçalves Pereira has hired Javier Fontcuberta to its corporate department in Barcelona. Fotcuberta moves from Landwell, also in Barcelona, where he was co-head of the firm’s corporate department. He specialises in M&A and contract law, particularly in the automobile and pipeline industries.