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Laura Bushnell is joining King & Spalding in Silicon Valley from Latham & Watkins.

Ahmed Barakat and Ezekiel Tuma of Al-Sarraf & Al-Ruwayeh look at the resources available to secured and unsecured creditors of insolvent companies

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

New fund regulations and structures in Cayman, Guernsey and Jersey have changed the legal landscape for offshore funds. Darren Bacon, Matthew Feargrieve and Ben Robins of Mourant du Feu & Jeune take a closer look at the changes

The sukuk market in Kuwait has now started to explore convertible and exchangeable structures, say Hossam Abdullah and Riza Ismail of Al-Sarraf & Al-Ruwayeh

A year ago, Senators Ron Wyden (Democrat, Oregon) and Charles Grassley (Republican, Iowa) released a discussion draft of a bill that would eliminate the favourable tax treatment of direct and certain derivative investments in oil, natural gas or any primary product of oil or natural gas (such as diesel and gasoline), and solicited public comments. On August 6 2009, senator Wyden introduced the Stop Tax-breaks for Oil Profiteering Act (the Stop Act) in the Senate and proposed legislation based on the discussion draft released in 2008. The Stop Act is intended to temporarily curb excessive speculative trading in the oil and gas futures markets and thereby temper the rise in the price of oil. If enacted into law, the legislation would apply to transactions entered into during a period of a little more than four years. The Stop Act has been referred to the Senate Finance Committee. It is impossible to predict its progress in the legislative process and whether and in what form it may be enacted into law.

Dr Trevor A Carmichael, QC of Chancery Chambers explains why Barbados is great for holding companies with Chinese interests, among other things

The Financial and Capital Market Commission of Latvia and the Central Bank of Cyprus have updated their memorandum of understanding on banking supervision.

The facilities stop US companies getting bogged down in Chapter 11 The product itself only emerged in the past few months. Now forward start facilities are evolving beyond their original use, helping distressed companies out of trouble.

The junior lenders’ valuation was just a ‘robotic exercise’ The approval of a restructuring scheme for IMO Carwash that favours senior lenders has been declared a precedent for junior lenders to fear. But the real point of the verdict is the valuation.