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  • Despite 398 additional pages to the second version of the US Federal Reserve bailout plan, it is still unclear which banks and investments fall under the guidelines
  • 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.
  • 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.
  • 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
  • Milbank Tweed Hadley & McCloy assisted NYSE Euronext in its $260 million acquisition of the American Stock Exchange.
  • As the US plan to nationalise toxic mortgages struggles through Congress, politicians across the Atlantic are discussing a similar plan for Europe. Lawyers believe that a similar European measure is only a matter of time
  • Louis de Valle has joined DLA Piper's Madrid office as counsel in the firm's finance and projects practice.