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  • Davis Polk & Wardwell advised Palm in a $325 million underwritten public offering of 20 million shares of common stock.
  • Fasken Martineau is expanding into France by acquiring 15 new attorneys from Gravel Leclerc & Partners and Dewey & LeBoeuf in Paris.
  • Investors with distressed debt positions and no security are employing novel tactics to leverage their influence: maintain a large interest, collaborate with other bondholders, and get the press on side
  • Citigroup’s general counsel in Asia is set to join Freshfields Bruckhaus Deringer at the beginning of 2010.
  • The 2009 update for non-US issuers has been launched, by IFLR and Latham & Watkins
  • Private equity will not be destroyed by the financial crisis. It will prevail, all be it in a leaner, less leveraged form
  • Latham & Watkins has hired Mark Morris to join the finance department of its Dubai office. Morris moves from Norton Rose in Dubai, and has more than four years experience in the region advising on both conventional and Islamic deals. He has advised on a number of multi-source, and wholly Islamic, project financings as well as syndicated debt and asset finance transactions.
  • Material adverse change clauses do not guarantee a purchaser’s right to walk away from a transaction. This makes early due diligence even more important
  • Speakers at IFLR’s Private Equity Forum candidly aired their hopes and fears
  • Reverse break fees in US M&A transactions are likely to triple in the near future. But the trend is unlikely to spread to Europe