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  • Alex Bafi Herbert Smith has swooped for Davis Polk & Wardwell corporate finance lawyer Alex Bafi. Bafi will join partners Jim Wickenden and Allen Hanen (who also worked for Davis Polk) in the Spring, as part of the London firm's growing US finance practice in Europe.
  • Paul Geradine, the FSA's director of listing The UK Financial Services Authority (FSA) has endured a stern test of its disclosure policies for biotechnology companies, after controversial UK group Huntingdon Life Sciences avoided closure by securing a last-minute investment package. In a press release on January 17 the FSA announced a new system designed to encourage more biotech companies to list in the UK.
  • Australia’s financial services reforms will give it one of the most unified and advanced financial services regimes in the world. Karen Den-Toll, director of financial services at Clayton Utz in Sydney, examines how the changes will affect issuers of financial products, and advisers across both the retail and wholesale customer markets
  • Parts of Asia are ripe for the kind of explosion in leveraged buy-outs seen in the US and Europe in the 1980s and 1990s. Richard Gray of Milbank, Tweed, Hadley & McCloy, Hong Kong, examines the legal and structural issues which this potential new market must address
  • New law on bank mergersHerguner Bilgen & Ozeke Istanbul
  • No tax exemption for short-term capital gains of banking institutionsBaker & McKenzie Frankfurt
  • the exercise of discretion in makingbonus payments to employeesLandwell London
  • Linklaters and Clifford Chance are advising on the $1.3 billion restructuring of Malaysia's TRI and Celcom, the country's largest cellular phone operator. Linklaters is advising Celcom, the fully-owned operating subsidiary of TRI.
  • The French construction materials group Lafarge has paid $4.5 billion for UK company Blue Circle, to form the world's largest cement producer.
  • "We looked at a lot of different people—bigger, smaller—but this is like Goldilocks: the porridge is just right."