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  • Cleary Gottlieb Steen & Hamilton is advising private-equity client TPG Capital on an innovative $7 billion investment.
  • O'Melveny & Myers has hired Hong Kong securitisation partner Neil Campbell, just days after losing the head of its Beijing office.
  • Herbert Smith has entered the Saudi Arabian market, announcing a formal link-up with Saudi firm Al Ghazzawi Professional Association. Al Ghazzawi Professional Association is chaired by Talal Amin Al Ghazzawi, and has worked with Herbert Smith on previous deals.
  • Clifford Chance and Norton Rose have advised on the privatisation of Hong Kong's most prestigious producer of English-language news.
  • Davis Polk & Wardwell has advised Oracle on a $5 billion aggregate senior notes offering.
  • Fair value accounting creates "massive volatility", lawyers say, and creates an inaccurate picture of banks' exposure
  • Allens Arthur Robinson has advised Fresenius Kabi - a European healthcare group - in its 100% buyout of Cosco Pharm's shares. The Chinese company's shares were acquired from three businesses: Cosco Guangzhou, Guanyuan Ocean Shipping Services and Nanfang Blood Centre.
  • Mara Folz has rejoined Shearman & Sterling's Singapore office as a senior associate. She was previously with the firm from 2000 to 2002.
  • Wachtell Lipton Rosen & Katz and Morgan Lewis & Bockius have advised on Public Storage's divestiture of its European operations.
  • Last week's comments by Charlie McCreevy on a European Commission response to financial turmoil have been met with indifference