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  • The Madoff scandal creates no credible arguments for greater European regulation of hedge funds. The responsibility lies with investors and fund managers
  • The Basel Committee’s proposed adjustments are in stark contrast to the Commission’s hurried additions
  • Eversheds has formed a new association in Switzerland.
  • The UK Financial Services Authority has appointed a new managing director of wholesale.
  • Norton Rose has recruited a new energy and asset finance partner to its Hong Kong office.
  • Michel Petite, formerly director-general of legal services for the European Commission, will join Clifford Chance this month.
  • Cleary Gottlieb Steen & Hamilton represented Bank of America in its $4 billion buyout of mortgage lender Countrywide Financial. The all-stock transaction bails out the troubled lender after distress in the US markets.
  • Blake Cassels & Graydon bolstered its securities practice with the addition of partner William Sirett to its Vancouver office.
  • Ropes & Gray acted as legal counsel to Bain Capital Partners in its $1.3 billion acquisition of Bright Horizons Family Solutions.
  • Hong Kong regulators may ban cash-rich individuals buying into IPOs as so-called cornerstone investors after criticism that the practice is unfair to ordinary investors