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  • Despite many of Russia’s proposals to modernise its bankruptcy system being lauded, to be successful it needs to consider allowing netting
  • Paul Weiss Rifkind Wharton & Garrison represented Ericsson in its purchase of Nortel Network’s code division multiple access (CDMA) business for $1.13 billion.
  • Gregory Lyons and Satish Kini are joining Debevoise & Plimpton from Goodwin Procter.
  • In a clear sign that UK banks are preparing for a Conservative government, in-house counsel are ignoring Labour plans in favour of the Tory’s recent White Paper
  • Hunton & Williams advised Banco Sabadell on its $2.5 billion purchase of Mellon United National Bank.
  • Cravath Swaine & Moore advised Bristol-Myers Squibb in its $2.4 billion acquisition of Medarex.
  • Gibson Dunn & Crutcher represented Amazon.com in its acquisition of Zappos.com for 10 million Amazon shares valued at $807 million.
  • Freshfields Bruckhaus Deringer has advised Electricity North West (ENW) and its holding company North West Electricity Networks (NWEN) on the refinancing by NWEN of the acquisition debt incurred during its acquisition of ENW. The refinancing was the first securitisation of a holding company and was structured to be as efficient as possible within the Office of the Gas and Electricity Markets (Ofgem) regulations. Linklaters represented the bank involved in the transaction, HSBC.
  • The FSA’s more active investigation of banks has hit deals by US banks in particular
  • Shearman & Sterling is advising AngloGold Ashanti and Ashurst is representing Randgold Resources on the proposed joint acquisition of Moto Goldmines.