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  • 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.
  • Cleary Gottlieb Steen & Hamilton has advised long-time private-equity client TPG on its $800 million acquisition of a 50% stake in SIA International – the largest ever private-equity investment in Russia.
  • Fair value accounting creates "massive volatility", lawyers say, and creates an inaccurate picture of banks' exposure
  • Shearman & Sterling and Cleary Gottlieb Steen & Hamilton have advised on Société Générale's €5.5 billion capital increase.
  • 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.
  • 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.
  • 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.