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  • Morrison & Foerster advised Gruppo Campari on its purchase of Wild Turkey American from Pernod Ricard for $575 million in cash.
  • Paul Krugman fills me with a sense of despair. The Nobel-prize winner doesn’t understand structured finance. Yet he persists in shouting about it in The New York Times.
  • Cleary Gottlieb Steen & Hamilton advised Gazprom on its purchase of a 20% stake in JSC Gazprom Neft from ENI Spa.
  • Latham & Watkins acquired seven Allen & Overy attorneys to bolster the firm’s Hong Kong presence.
  • Sandeep Qusba is moving to Simpson Thacher & Bartlett’s restructuring practice from White & Case.
  • Clyde & Co is extending its Middle East practice through an affiliation with the Law Office of Abdulaziz Al-Bosaily in Riyadh, Saudi Arabia. Abdulaziz Al-Bosaily is an Islamic finance specialist and a former head of DLA Piper’s Saudi practice group. The Saudi affiliation adds to Clyde & Co’s existing presence in the Middle East. The firm already has offices in Doha, Dubai and Abu Dhabi.
  • The focus on the regulation of hedge funds at yesterday’s G20 meeting was odd. They had nothing to do with this financial crisis
  • As the official G20 communiqué was released yesterday, IFLR spoke to lawyers in the UK and the US to get their immediate reactions
  • Senior bondholders are challenging Freescale’s debt restructuring, making an unprecedented challenge to the material adverse effect clause
  • Freshfields Bruckhaus Deringer has advised Spanish gas company Gas Natural on its €3.5 billion rights issue. The money has been raised to fund the company’s proposed acquisition of energy company Unión Fenosa.