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  • Ukrainian firms Magisters and Sayenko Kharenko have advised on Alfa Bank Ukraine's $250 million issuance of loan participation notes. The notes were issued by UK-registered special purpose company Ukraine Issuance. The issue is part of Ukraine Issuance's $1 billion Euro Medium Term Note programme, which was established to finance loans to Alfa Bank Ukraine.
  • Rajah & Tann is advising Temasek Holdings in its proposed shareholding interest disposal of printing company SNP Corporation.
  • Austrian firms CMS Reich-Rohrwig Hainz and Schoenherr have advised on YIT Building Systems' €55 million acquisition of MCE, an Austrian industrial manufacturer. Schoenherr acted for Finnish building company YIT, while CMS Reich-Rohrwig Hainz advised MCE.
  • The US Department of Justice has cleared SABMiller and Molson Coors' joint venture. The brewers' project was said to be "not likely to lessen competition substantially".
  • Dolphin International, a subsidiary of Fred. Olsen Energy, has been granted a $1.5 billion credit facility.
  • The Securities and Exchange Commission does not understand the difference between types of swaps. Confused definitions of security-based swaps have encouraged blanket decisions that could renew market turmoil, say lawyers
  • Austrian firm CMS Reich-Rohrwig Hainz has announced it will merge with finance boutique Dallmann & Juranek. The two firms will combine under the CMS banner, and will have 120 lawyers across nine countries.
  • South African firm Cliffe Dekker has announced it will merge with Hofmeyr Herbstein & Gihwala in September. The new firm, which has yet to be named, will comprise 127 directors across Johannesburg and Cape Town. It will retain Cliffe Dekker's association with DLA Piper.
  • In a letter to the US treasury, the Chinese Securities Regulatory Commission has criticised proposals affecting the Committee on Foreign Investment in the US. The US reaction could lead to protectionist stalemate
  • Lovells has added two new corporate partners to its Tokyo practice. Rika Beppu and Philip Hyde will join the firm from Simmons & Simmons' Tokyo office. Beppu is an M&A specialist and was the managing partner of Simmons & Simmons' Japanese practice. Hyde, a capital markets specialist, had worked at Clifford Chance as a finance lawyer prior to joining Simmons & Simmons.