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  • Shearman & Sterling and Cleary Gottlieb Steen & Hamilton have advised on Société Générale's €5.5 billion capital increase.
  • Mattos Filho Veiga Filho Marrey Jr e Quiroga and Barbosa Müssnich & Aragão are advising on the merger of two Brazilian financial exchanges. Commodities and futures exchange BM&F has agreed to merge with Bovespa, the São Paulo stock exchange. The new company is being termed the Nova Bolsa (New Exchange).
  • Loyens & Loeff Luxembourg has hired corporate partner Thierry Lohest from White & Case in Brussels. Lohest, the 15th lawyer to be hired by Loyens & Loeff Luxembourg this year, specialises in M&A, securities offerings, IPOs and financial services regulatory work in both Europe and Africa.
  • Skadden Arps Slate Meagher & Flom and Willkie Farr & Gallagher have advised on the $360 million sale of Bentley Pharmaceuticals to an Israeli buyer. Willkie Farr acted for Israeli company Teva Pharmaceuticals Industries, which acquired New Hampshire company Bentley primarily for its operations in Spain. Skadden advised Bentley Pharmaceuticals, while Teva's in-house counsel provided Israeli law advice.
  • Last night, Shearman & Sterling won law firm of the year at the IFLR Americas awards at the Waldorf Astoria in New York
  • Indian companies are altering the terms of their derivative contracts with banks, to soften the blow from badly performing cross-currency derivative bets and ease their relationships with the lenders
  • Slaughter and May and Linklaters have led on a €5 billion series of acquisitions and sales between General Electric and Banco Santander.
  • Consortium Centro América has advised on a $182 million syndicated loan to develop the Guatemalan Hidro Xacabal power plant, the largest in the country.
  • Howrey has added to its antitrust practice in Belgium with the hire of former European Commission lawyer Lars Kjølbye. Kjølbye, who was head of energy and environment antitrust at the EC, joins the US firm from April 1.
  • Gibson Dunn & Crutcher and Skadden Arps Slate Meagher & Flom have advised on Chicago Mercantile Exchange's buyout of UK company Credit Market Analysis.