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  • Cleary Gottlieb Steen & Hamilton is advising HP on its $13.9 billion buyout of data company EDS, represented by Willkie Farr & Gallagher.
  • Cleary Gottlieb Steen & Hamilton and Skadden Arps Slate Meagher & Flom have led on a £1.03 billion ($2 billion) rights offering of global depository receipts by X5 Retail Group, the Dutch holding company for the largest food-retailing business in Russia.
  • Clifford Chance has advised CVC Asia Pacific on its investment in Hong Kong-headquartered Hung Hing Printing Group. Private-equity group CVC will take a 35% stake in Hung Hing by subscription for new shares, pending shareholder approval. Hung Hing is a printing and production house.
  • Hong Kong has finally agreed to implement a fully fledged competition law, but uncertainty surrounds both its timing and make-up
  • Two landmark surveys in Europe and Asia will find out how corporate counsel are reacting to sovereign wealth, and how they rate law firms' corporate governance advice
  • Norton Rose has advised on the first Aim listing of a Mongolian company. The firm, led by Simon Cox, acted for Petro Matad, the parent company of a group of Mongolian oil exploration and development companies.
  • Despite the Clear Channel dispute being settled out of court this week, the case is infecting lending deals at least as far away as Europe
  • Skadden Arps Slate Meagher & Flom and Proskauer Rose are working as joint legal advisers to Comtech Telecommunications on its purchase of Radyne, a rival telecoms company. Comtech will pay $652 million for Radyne, which is represented by DLA Piper, in an all-cash deal. Buying Comtech will increase the company's satellite capabilities and broaden its customer base.
  • Cleary Gottlieb Steen & Hamilton and Skadden Arps Slate Meagher & Flom have led on Banco Comercial Português's €1.3 billion rights offering.
  • Schoenherr has hired Narcisa Oprea, a local partner, to join its Bucharest office. Oprea was head of the capital markets practice at Bostina & Associates, and has also served as the legal head of the Bucharest Stock Exchange.