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  • Lawyers in Hong Kong are more open about China when they're drunk. At firm parties, with a few fruity cocktails inside them, the Sino platitudes tend to fall away. Nervy marketing colleagues may try to calm the storm, but they push on regardless. Before long, China's supposedly rapidly developing regulation seems less speedy.
  • First deal approved by rating agencies
  • New securities law a success
  • Paul Browne, partner and head of Simmons & Simmons' financial markets group in Hong Kong and Charles Mayo, partner in the firms' China corporate group discuss the poll's key findings
  • Clifford Chance became Middle East law firm of the year last night, at IFLR's annual Middle East awards in Dubai. The firm also won equity team of the year and project finance team of the year, as well as working on three of 2007's winning deals
  • Bank of China, one of China's four largest commercial banks, has made an Rmb3 billion ($401 million) bond offering.
  • Allen & Overy has hired Stefano Sennhauser to join its office in Milan.
  • Clifford Chance has appointed project finance specialist Bruce Schulberg as a partner in its China group.
  • Industrial and Commercial Bank of China's proposed acquisition of a 20% stake in South Africa's Standard Bank involved an interconditional scheme of arrangement, the first of its kind between China and South Africa
  • Reed Smith has agreed to merge with Richards Butler in Hong Kong from January 2008, extending the firms' transatlantic merger of 2006. From January all of Richards Butler's Hong Kong partners will join the Reed Smith partnership