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JP Morgan's $2 per share buyout of Bear Stearns has upset shareholders, leading to speculation that they could postpone the deal

Linklaters won international law firm of the year at last night's IFLR European awards at the Dorchester in London

China may have stumbled on a new form of enforcement for its securities markets: public humiliation

Skadden Arps Slate Meagher & Flom is acting for Chicago's stock exchange on a $9.3 billion deal to acquire Nymex, New York's energy trading platform. The new entity will trade a wide range of asset classes, including options and futures, equity indexes, foreign exchange and commodities of all kinds. The takeover will provide investors with greater opportunities to find appropriate investments, according to James Newsome, Nymex's president and CEO. The executive chairman of the new group, Terry Duffy, agreed, saying that technology has provided a bigger platform for customers of the new exchange group.

Skadden Arps Slate Meagher & Flom has announced it is opening an office in São Paulo, Brazil. This is the first physical presence for Skadden in Latin America despite having a dedicated regional practice for nearly two decades.

Slaughter and May has advised supply chain management company Umeco on the sale of its three principal chemicals distribution businesses.

Milbank Tweed Hadley & McCloy has advised Dutch shareholder Sun Sage in the sale of its stake in Mando Corporation, a Korean car parts company, to an engineering consortium led by Halla. The $763 million deal also includes a linked redemption of bonds issued by Sun Sage.

Ashurst has appointed restructuring specialist Carl Dunton as a partner in its Singapore office. He joins partners Matthew Bubb and Ashley Wright. The firm has announced its intention to develop its finance practice in Southeast Asia to take advantage of the region's economic growth.

David Duchosal has joined DLA Piper's Paris office as an of counsel. Duchosal, the founder of French finance firm De Gaulle Fleurance et Associés, specializes in banking, structured finance and projects. He will join DLA Piper's finance and projects group.

Skadden Arps Slate Meagher & Flom is representing Bear Stearns in its sale to JP Morgan Chase. The deal is valued at just $236 million, equivalent to $2 per share - the stricken bank's share price had soared to $159 in April 2007. Bear Stearns is the latest financial institution to suffer from the decline in the global banking industry. UK mortgage lender Northern Rock was taken over by the British government in February 2007 after investors panicked over its exposure to subprime mortgages.