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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
  • 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.
  • 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.
  • Carl Wessel has joined King & Spalding as a partner in the firm's special matters and government investigations practice in its Washington DC office.
  • 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
  • The banks involved in the Bradford & Bingley rights issue collapse must have negotiated friendly termination clauses according to counsel
  • Witold Balaban has joined Latham & Watkins as partner in its corporate department focusing on cross-border capital markets and equity derivatives.
  • Freshfields has advised Alibaba.com on a joint venture with Japanese Softbank. This deal will result in the formation of Alibaba.com Japan, which operates an e-commerce website.
  • Last week's UK Financial Services Authority discussion paper on regulatory transparency is a statement of intent against widening disclosure, say counsel
  • Freshfields Bruckhaus Deringer, Linklaters, Shearman & Sterling and Sullivan & Cromwell are advising on a proposed merger between China-based telecoms companies China Netcom and China Unicom.