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  • The Commodity Futures Trading Commission (CFTC) appointed Dan Berkovitz as general counsel.
  • US President Barack Obama is using questionable tactics to restructure General Motors, tactics similar to those that he used with Chrysler less than one month
  • As thousands of Asian companies face cash shortfalls and distress, insolvency specialists are looking for guidance at IFLR’s Asia Restructuring and Insolvency Forum on June 17
  • Shearman & Sterling is advising Sichuan Tengzhong Heavy Industrial Machinery on the purchase of Hummer.
  • Sullivan & Cromwell advised Zions Bancorporation in a $250 million common-stock offering through an at-the-market equity programme, a modified-Dutch auction, and a debt-for-debt exchange.
  • Allen & Overy’s Singapore office has received a boost, with the hire of all fee-earners from local firm, Venture Law.
  • As the exchange's head of listing Mark Dickens confirms, Hong Kong is embarking on a series of listing reforms looking at procedures and prospectuses
  • While panellists on an IFLR webinar said instructions have slightly tailed off, they agreed rights issues will return strongly. In particular, there will be more innovative structures running alongside rights issues
  • Cravath Swaine & Moore advised JP Morgan on its common-stock offering of 142 million shares at $35.25 each.
  • Banks are arguing that uniform rules from established regulators will be more effective than building new relationships with a single regulator