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  • Covered bonds could offer banks a way to refinance mortgage loans and give structured finance lawyers a substitute for securitization instructions
  • McDermott Will & Emery welcomed a new partner to its banking and finance team this week.
  • Bupa has reorganized its £320 billion ($445 billion) whole-business securitization of Bupa Hospitals, ahead of the division's takeover by private-equity house Cinven.
  • Rashane Leerabandu has joined Herbert Smith's Bangkok office to lead the firm's corporate and commercial team.
  • Andrew Oringer has joined White & Case as co-head of its US Executive Compensation and Benefits Practice.
  • Private equity specialists disagree on whether the credit squeeze will mean the end of covenant-lite loans. But they agree on one thing: the potential for litigation from failed commitments is huge
  • Securitization specialists are encouraged by the lack of a contagion effect from US subprime in emerging markets
  • Linklaters has appointed Michael Guilday as counsel and head of the firm's investment management practice in Asia. He will be based in the Hong Kong office.
  • Japan's M&A prospects look even bleaker following the government's decision to impose controls on foreign acquisitions of domestic weapons companies
  • Corporate partner William Charnley is to join Mayer Brown from McDermott Will & Emery on October 1. Charnley has over 18 years of experience across many industries with a strong focus on corporate finance in private equity and hedge funds. He will join Mayer Brown's London corporate practice.