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More companies are feeling the effects of the credit crunch and running into financial problems. Between July and September, corporate insolvencies rose by 1.8% on the previous quarter, according to figures released by R3, the association of business recovery professionals, last week

Gianni Origoni Grippo has split in Italy, after disagreements between the firm's management and its founding partners.

Squire Sanders & Dempsey has added a new finance partner to its London team.

The Dutch Development Finance Company (FMO) has made its largest ever syndicated loan, providing $300 million of financing to Nextel Telecomunicações, a telecoms operator in Brazil, last week.

Gide Loyrette Nouel has advised Veolia Water on its acquisition of a 49% equity stake in the Tianjin Shibei Water Company, a project expected to be worth around $3.8 billion.

UK hedge funds and private equity houses should take advantage of the pre-filing option offered by CFIUS when investing in the US, according to counsel at a Kaye Scholer breakfast briefing on Tuesday

Debevoise & Plimpton has announced that Guy Lewin-Smith will become a partner in the corporate practice of the London office in early 2008.

Dutch law firm Loyens & Loeff has announced that it is to open an office in Dubai on January 1 2008. This marks the first time that a continental European legal and tax service provider has made such a move.

The government submitted the draft amendment to the Commercial Code to parliament on September 20 2007. We highlight some of the key aspects of the Amendment.

The Japanese government recently passed the Electronically Recorded Claims Act to address the use of monetary claims that are electronically recorded, so paperless. They include commercial paper and accounts receivable that are transferred electronically, which means in a safer manner than the traditional scheme. The Act provides processes for the creation and transfer of electronically recorded claims (denshi kiroku saiken). It also establishes organisations that are responsible for recording such claims (denshi saiken kiroku kikan, Organisations for Electronically Recorded Claims) on electronic registers (kiroku genbo).