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  • As the blame game begins and the first litigation proceedings are launched by those worst hit by the credit crunch, lawyers are divided about whether such actions will reach trial.
  • US lawyers aren't worried about the indictment of Mayer Brown partner Joseph Collins over Refco. Most in the market assume that this was an isolated case of active fraud.
  • Painful adjustments to regulatory capital
  • And, like PHH, the banks will be blamed
  • This time, Sivs get self-regulation
  • But it's unlikely they will ever reach trial
  • Which international exchanges will clear the SEC's hurdles for mutual recognition? Market rumblings persist over rumours that the Securities and Exchange Commission (SEC) will finally establish mutual recognition. This would create a more direct path to US brokers trading on international exchanges and bring regulation around the world into greater harmony.
  • As UK law becomes more liberal, Germany and France may grow restless. Graham Defries, Olivia Gueguen and Kristina Karbach of Dechert explain
  • How foreigners should negotiate liability caps in Chinese contracts
  • How to negotiate the complex but important working capital adjustments in an acquisition