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  • Kenneth Yellen and Demetrios Xistris have joined O’Melveny & Myers’ investment funds and securitisation practice. Yellen joins the firm’s Washington DC office from McKee Nelson, where he focused on structured finance and securitisation. Xistris moves from the in-house legal department at Societe Generale to join the firm’s New York office.
  • Davis Polk & Wardwell represented Goldman Sachs, Bank of America, Citi, Deutsche Bank, JP Morgan and Morgan Stanley as book running managers offering 547,825,000 shares of stock in General Electric. General Electric, which was advised by Weil Gotshal & Manges, raised approximately $12 billion in the transaction that qualified as the largest follow-on offering of common stock in US history.
  • US firm Akin Gump Strauss Hauer & Feld has opened an office in Abu Dhabi.
  • Huntsman v Hexion illustrates how difficult it will be for private equity firms to withdraw from mergers without paying the leaving price
  • DLA Piper will open its first office in Romania in early November.
  • Milbank Tweed Hadley & McCloy assisted NYSE Euronext in its $260 million acquisition of the American Stock Exchange.
  • The SEC clarification to fair value accounting will place more trust in bank accountants, hopefully building relationships between counterparties again as pressure is put on in-house valuations
  • The SEC clarification to fair value accounting will place more trust in bank accountants, hopefully building relationships between counterparties again as pressure is put on in-house valuations
  • Graham Nicholson has been appointed Chief Legal Adviser and Adviser to the Bank of England.
  • Khaitan & Co has hired Murali Neelakantan and Kalpana Unadkat as partners in the firm's Mumbai office.