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  • An amendment to proposed US tax legislation has provided foreign bearer bonds with an exemption to excise tax
  • Concerns that the proposed Foreign Account Tax Compliance Act would severely hamper the ability of US companies to issue bearer bonds have been eased by an amendment
  • 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.
  • George Miller, Executive Director of the American Securitization Forum (ASF), is to resign on December 16.
  • Bankruptcy and corporate restructuring lawyer Harris Winsberg has left Troutman Sanders to join King & Spalding in Atlanta.
  • 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
  • China is the most difficult Asian country in which to enforce security, according to a new survey of distressed debt practitioners
  • Khaitan & Co has hired a new competition partner to join its team in New Dehli
  • Recourse on Dubai World's Nakheel bonds could depend on what creditors are holding, and the law their lending documentation was structured in