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  • George Canellos has been appointed regional director of the Securities and Exchange Commission’s New York office.
  • Approval for initial public offerings in China could soon be delegated to local authorities, following the government’s continued measures to attract foreign investment
  • Simpson Thacher & Bartlett advised Travelers on a $500 million offering of 5.9% notes due in 2019.
  • Gide Loyrette Nouel is strengthening its Hong Kong office with two banking partners.
  • 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
  • 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
  • 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.
  • 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
  • Banks are arguing that uniform rules from established regulators will be more effective than building new relationships with a single regulator