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  • Linklaters has advised on a $867 million project to build a hydroelectric power plant on the Victoria Nile in Uganda. The deal is the first greenfield power financing in Uganda and is east Africa's largest private sector investment.
  • More deals will collapse like PHH and private equity buyers will continue to blame banks, according to counsel
  • Sovereign wealth investments may be causing equal measures of panic and glee among governments and investment banks, but it would appear that their legality cannot be questioned. For now at least
  • DLA Piper has appointed Brett Stewien, an expert in Asian and Chinese cross- border investment, as consultant in the firm's corporate group.
  • With banks struggling to limit damage from the credit crunch, Basel II couldn't have been introduced at a worse time. Banks have felt compelled to put off-balance sheet vehicles back onto their books, but under Basel II this could be penalised
  • Dewey & LeBoeuf has opened an office in Dubai.
  • A Baker & McKenzie securities team has acted as US, Thai and Singapore counsel to a Thai company on its international initial public offering and listing of shares on the Singapore Stock Exchange.
  • A Paul Hastings team has represented the world's largest cement equipment and engineering service provider, on its $540 million global initial public offering.
  • Mayer Brown is to merge with Asian firm Johnson Stokes & Master (JSM) on January 28.
  • Italy Recommended firms Tier 1 Bonelli Erede Pappalardo Chiomenti Cleary Gottlieb Steen & Hamilton Tier 2 Gianni Origoni Grippo & Partners Giliberti Pappalettera Triscornia e Associati Grimaldi e Associati Pedersoli e Associati Tier 3 Clifford Chance d'Urso Munari Gatti Freshfields Bruckhaus Deringer Labruna Mazziotti Segni Studio Grande Stevens NCTM Consolidation is the engine behind Italian M&A. Banks and utilities companies have contracted what one lawyer described as "mergermania".