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  • Following lobbying from industry bodies the UK government will take forward its plans to introduce a court-supervised moratorium for distressed companies
  • Clifford Chance has advised the joint book runners and lead managers on a $315 million issuance of senior secured notes by Bukit Makmur Mandiri Utama (Buma).
  • Davis Polk & Wardwell has acted as sole adviser to the banks on a $1.5 billion issuance by Temasek Financial as part of its medium-term note programme.
  • Two Linklaters partners are to retire from the firm to join Talwar Thakore & Associates (TT&A) in Mumbai.
  • New World China Land is set to raise between HK$4.89 billion and HK$5.33 billion (approximately $631 million – $688 million) in a rights offering.
  • Arendt & Medernach has opened its first office in Asia, establishing a branch in Hong Kong.
  • Clifford Chance has named David Bickerton as regional managing partner for the firm in the UK and the Middle East.
  • The industry fears Hong Kong’s consultation paper on a rescue regime for distressed companies is poorly drafted
  • Gide Loyrette Nouel has advised Taiyuan Iron & Steel (Tisco), China’s largest stainless steel producer, on its $300 million investment into three Turkish mining companies.
  • Lovells has advised a subsidiary of LaFarge on the financing of a $682 million cement plant in northern Syria.