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  • Ray Groves has been appointed ombudsman for Standard & Poor’s by its parent company, The McGraw-Hill Companies.
  • James Bremen has joined King & Spalding as a partner in the firm’s global transaction group in its London office. Bremen was previously at Maxwell Winward where he represented owners, developers, lenders, contractors and consultants in construction cases across 25 countries. He has expertise in project development and dispute resolution, and industry knowledge across the mining, power, oil and gas, petrochemical and water sectors.
  • After the FSA responded to claims that it was overstepping its legislated powers with disclosure rules for significant short positions in UK financial services, IFLR returned to industry professionals with the regulator’s explanation.
  • The FSA may be acting outside of its powers by ending its short selling ban but continuing disclosure requirements
  • A source close to the Hong Kong Exchange says regulators remain determined to extend the blackout period on director trading
  • Private equity activity has slowed in Asia, but a close look at the facts and figures predicts strong competition next year
  • Clifford Chance has hired former US Federal Trade Commission (FTC) general counsel William Blumenthal as partner.
  • 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
  • The need to improve borrowers’ rights when a lender defaults has been shown up by the credit crisis. Syndicates should consider these reforms in their next deal
  • The UK implementation of the Transparency Directive opens the way for US-style stock-drop litigation. Investors are busy lining up candidates