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  • No one is happy with the EU’s draft directive for regulating hedge funds and private equity. Not the industry and not those targeting it
  • Herbert Smith has hired three former Linklaters partners to launch an office for the firm in Madrid. The trio will be joined by one other Spanish partner, and by David Wyles who will relocate from Herbie’s London office. In the new office Wyles, along with Álvaro Sáinz, Miguel Riaño, Ignacio Díez-Picazo and Ignacio Paz, will focus on M&A, energy, infrastructure, disputes and finance.
  • Sidley Austin has acquired James Seery as partner in the firm’s New York office.
  • David Meyer is joining Morrison & Foerster as co-chair of the firm’s global antitrust and competition practice in Washington DC.
  • A new, alternative market coming soon to Shenzhen could pull down standards at the main stock exchanges in China
  • Regulators have increased the lock-up period for foreign investors with stakes in banks
  • Clifford Chance has relocated a partner from its London office to Hong Kong.
  • Orrick Herrington & Sutcliffe has advised Gmarket in its acquisition by eBay for $1.2 billion. Pillsbury Winthrop Shaw Pittman advised the special committee of independent Gmarket directors, with local law assistance from Hwang Mok Park PC.
  • Oliver s’Jacob is joining the London office of Reed Smith, as partner in the firm’s Europe and Middle East corporate group. S’Jacob moves from Gibson Dunn & Crutcher. He has experience in all areas of corporate law including UK and cross-border M&A, private equity, initial public offerings and public and private acquisitions.
  • Michael McGuinness is rejoining Shearman & Sterling after a five-year stint in-house with General Electric.