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  • Hedge funds that are planning to sue the UK Financial Services Authority over last week's short selling rules are wasting their time. They will struggle to show the regulator acted out of its jurisdiction and there is likely to be similar legislation soon
  • The shortlist for IFLR's Middle East awards has been announced. For all the nominated deals and teams, click here
  • Mayer Brown has advised Eurolease Auto in the first securitisation of leasing receivables in Bulgaria.
  • Freshfields Bruckhaus Deringer has recruited Philippe Goutay as counsel in its Paris office.
  • Reiko Sakimura has left Linklaters to join the Clifford Chance capital markets practice in Tokyo.
  • The shift of Goldman Sachs and Morgan Stanley to holding companies will limit minority investments in the banks, at a time when they need as much help as they can get
  • As the dust settles on the remains of Lehman Brothers, administrators are struggling to pick up the pieces. Rights and obligations regarding assets and trades are not clear; the documents did not anticipate an event of default
  • Basel II is flawed. It encouraged banks to reduce their capital requirements by obtaining guarantees from insurers. This not only left the banks undercapitalised, it undermined the integrity of insurers such as AIG
  • King & Spalding has added five lawyers to its team in the Middle East. Matthew Dallimore and Marc Parrott join the firm as partners in the Dubai office. Previously both were based in the Cayman Islands, Dallimore with Maples and Calder and Parrott with Walkers.
  • Slaughter and May, alongside De Brauw and Uria Menendez from its best friends network, plans to open in Beijing.