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  • 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
  • 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).
  • 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
  • The US Treasury's blueprint for regulatory reform was released earlier in the week, and the legal community, while agreeing with many of the proposals, calls for more to be done
  • Pan-Baltic law firm Sorainen will launch an office in Belarus to capitalise on growing interest in the country from its clients. In a statement, the firm attributed this interest to measures by Belarus to open its economy to foreign investors.
  • Shearman & Sterling and Norton Rose have acted as international counsel on the $650 million refinancing of two Egyptian power projects: the Suez Gulf and Port Said East projects are the largest private power investments in Egypt.
  • Ukranian firm Magister & Partners has changed its name to Magisters to become more visible to clients in the Commonwealth of Independent States (CIS).