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  • Nicholson & Cano represented Latin American power plants Central Manuel Belgrano and Central Timbues as deal counsel in raising $415 million for a project finance venture.
  • 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
  • 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
  • Clifford Chance will merge with Romanian firm Badea & Asociatii from May 1 2009, subject to a partner vote.