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  • Infrastructure deals are given a boost in the Americas It has been another important month for the Trump administration's regulatory upheaval plans, albeit not a particularly productive one. Trumpcare (or Ryancare in some circles) and the attempt to repeal the Affordable Care Act, fell flat in the House, casting wide aspersions of the regime's capacity to get anything through Congress.
  • Saudi Arabia has kept the capital markets busy this past month
  • Garrett Monaghan In Denmark, DLA PIPER continued its big push in the Nordics with the announcement of a merger with LETT. This move makes DLA the only international firm to have established a presence in all four Nordic nations following its mergers with Finnish outfit Peltonen LMR and Swedish group Grönberg, both in 2016. The team also boosted its Finnish operation this month with the addition of M&A partner Matti Ylä-Mononen from fellow international firm Bird & Bird.
  • Come together, right now, Bond Connect Following the close of the annual National People's Congress last month, Chinese Premier Li Keqiang announced the establishment of a Bond Connect between Hong Kong and mainland China. China's decision to add a debt link to complement the existing Stock Connect is expected to better enable overseas investors to trade PRC-traded bonds. The tie-up will not only augment the PRC investor base tapping and driving liquidity for Hong Kong's fixed income market, but also help maximise the chances of the RMB63.7 trillion ($9.21 trillion) onshore bond market being included in benchmark global indices.
  • If an investment bank facilitates the meeting of a fund manager and a company it is possibly interested in investing in, should the investment bank be paid for that? And who should pay for it, the company receiving the investment, the fund manager doing the investing, or the client whose money is being invested? What about if the bank isn't really involved in the meeting – it's just arranging the logistics and maybe booking a taxi? Is that different from a full-fledged tour of the farm? And how much should it cost?
  • In many cases, what's ethical isn't economically viable – the opposite rings true as well. But sometimes it's in the economic interest of everyone involved to act ethically and take the road less travelled. And it would appear that when fossil fuels are involved, this is more pertinent in Norway and the Netherlands than in the US.
  • On March 24, China's biggest operator of dairy farms, Huishan, saw its Hong Kong Stock Exchange-traded shares tumble by more than 990%, triggering an immediate delisting.
  • Meredith Mackey Headlining US news has been the relocation of three different teams.
  • Two major credit rating agencies have downgraded South Africa's debt to junk status, triggering fears of a capital flight and sending borrowing costs spiralling for the continent's most developed nation. More agencies could go down the same route in the next few weeks.
  • Xiao Yong Rose Zhu In Australia, former Allens chief executive partner Michael Rose, started a new Sydney-based role as special adviser with KPMG, providing the firm's leadership teams with insights supporting growth initiatives. MINTERELLISON bolstered its M&A practice by bringing in Perth-based partner, Paul Shillington, who was previously chief legal officer and corporate secretary at Geneva-based Oryx Petroleum, and PINSENT MASONS launched its flexible lawyering service–a disruptive innovation in the form of alternative legal services – Vario in Australia, its first move outside the UK.