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  • It didn’t work for Holzmann in the late nineties. But the German government is trying again, promising a €1.5 billion bridge loan to Opel
  • Cliford Chance has represented Qatar Telecom (Qtel) on the establishment of its medium term note (MTN) programme on May 27. Qtel’s first issue was for $900 million in five-year notes and $600 million in 10-year notes, to trade on the London Stock Exchange. The issuer, a wholly owned subsidiary of Qtel, was counselled by Appelby,and Allen & Overy advised a group of dealers on both UK and US law.
  • The banks approved to repay US bailout money will have to wait for negotiations over the value of warrants
  • In-house counsel are relieved that Ecofin’s plan relies primarily on national supervisors, with an EU board taking responsibility for overseeing and coordinating regulation
  • US financial institutions will abide by executive compensation guidelines or face binding rules from a united regulatory front
  • Milbank Tweed Hadley & McLoy has assisted on a S$1.44 billion ($1 billion) rights issue.
  • Mark Kirsch, Joel Cohen and Christopher Joralemon have moved from the New York office of Clifford Chance to Gibson Dunn & Crutcher.
  • Davis Polk & Wardwell has advised Deutsche Bank as dealer manager on a $400 million tender offer.
  • Two of Hong Kong’s most respected lawyers have been given top posts in the Hong Kong Stock Exchange’s listing committee.
  • Hong Kong’s law society has appointed a new president.