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  • DLA Piper has recruited a new partner to its Shanghai office. Kit Kwok joins the firm from Roosevelt Sino Retailers where he was chief operating officer and legal counsel. Kwok specialises in structuring and regulatory issues relating to mergers and acquisitions.
  • The UK implementation of the Transparency Directive opens the way for US-style stock-drop litigation. Investors are busy lining up candidates
  • Project finance managers’ search for alternative capital is causing lawyers to revise simple contract stipulations that don’t fit the needs of government agency banks
  • London law firm Barlow Lyde & Gilbert plans to open an office in Sao Paolo, Brazil in 2009.
  • Allen & Overy has appointed Zbigniew Mrowiec as partner in its Warsaw office.
  • Companies are lobbying regulators to stop January reforms to the listing regime. The new rules could stop directors trading company stock for up to seven months a year
  • Anheuser-Busch InBev, the recently merged Belgium-based brewer, has raised €6.36 billion via an eight-for-five rights issue. The proceeds have been earmarked to refinance part of InBev’s takeover of Anheuser-Busch in November.
  • Allen & Overy has advised the European Investment Bank, the Swedish Export Credit Corporation and the Nordic Investment Bank on a €1.07 billion loan to finance the construction of a motorway in Poland. The loan agreement is with Gdańsk Transprt Company (GTC), which was specially created for the construction of this stretch of motorway. GTC has a concession agreement with the Polish government that runs until 2039. GTC was advised by Cameron McKenna and Wardyński & Partners advised the Polish State Treasury.
  • Mary Schapiro, the new SEC head, will increase SEC enforcement next year and is more likely to force the CFTC merger given her background
  • Allen & Overy in Paris has advised Société Générale on its issuance of €1.7 billion of undated, deeply subordinated debt to the French government.