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  • The Securities and Exchange Commission (SEC) issued proposed changes to the 1999 tender offer rules regarding the restriction of US shareholders last month. But lawyers are split on their effectiveness
  • Spanish firm Cuatrecasas will open an office in Shanghai after being granted its licence last Thursday. The firm will advise on Spanish and Portuguese law, targeting Chinese companies looking to invest in Europe and Latin America.
  • Squire Sanders & Dempsey and Walkers have advised Hits Africa in its $215 million share offering on the Kuwait Stock Exchange. Stephen Nelson led the Squires Sanders team from London, while Walkers provided funds advice from its Dubai office.
  • Carl Wessel has joined King & Spalding as a partner in the firm's special matters and government investigations practice in its Washington DC office.
  • The banks involved in the Bradford & Bingley rights issue collapse must have negotiated friendly termination clauses according to counsel
  • Poly Investments has carried out the first share swap in China under new M&A rules, but uncertainty still surrounds the treatment of acquiring equity interest
  • Witold Balaban has joined Latham & Watkins as partner in its corporate department focusing on cross-border capital markets and equity derivatives.
  • Last week's discussion paper on transparency from the UK Financial Services Authority is ironic, considering the way the regulator publishes information
  • Bruchou Fernandez Madero & Lombardi has advised the underwriters of a real-estate IPO in Argentina.
  • Freshfields Bruckhaus Deringer has transferred Charles July and Ian Poynton to the firm's Middle East practice.