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  • Linde has agreed to sell INO Therapeutics to a new company led by US private equity firm New Mountain Capital.
  • White & Case has added to its equity capital markets practice in Germany with the addition of local partner Dr. Benedikt Gillessen. Gillessen will join the firm's Frankfurt office in early March 2007.
  • A leading figure in Hong Kong Exchange has dismissed a Shanghai official's push for joint trading between the 38 companies dual listed on the Hong Kong and Shanghai exchanges
  • Adelphia's Chapter 11 reorganization plan became effective on February 13th, with an indemnity fund made available for pre-petition lenders to fight litigation from the company's unsecured creditors
  • The role of the security agent in France has been strengthened by a National Assembly amendment tacked onto a breakaway from the civil code that permits the creation of a form of trust
  • A new law has been adopted by parliament in Luxembourg concerning the undertakings for collective investment for institutional investors
  • Japan's Fair Trade Commission has defended its new merger guidelines against criticism that the rules will stifle foreign competition
  • Steel producer Grupo Simec has completed a $217 million SEC registered secondary offering and a Mexican public offering.
  • German wind turbine manufacturer REpower is the subject of two competing takeover offers.
  • Linklaters' Milan office has hired Andrea Arosio and Dario Longo from Pedersoli e Associati, where they led the banking and structured finance teams respectively.