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The lighter side of the past month in the world of financial law

Since 2006, Thailand has approved policies to promote the purchase of power from projects using renewable energy. The 2009 National Energy Policy Committee (NEPC) approved additional tariff adders for certain categories of alternative energy, including solar power.

Mats Sacklén, Baker &?McKenzie Jorge Bleck, Vieira de Almeida &?Associados The most prominent of London's moves last month saw JONES DAY capture Raymond McKeeve, Berwin Leighton Paisner's global head of private equity. McKeeve had reportedly also been in talks with another firm. SQUIRE SANDERS also secured a significant in the form of Addleshaw Goddard's head of structured finance Mark Thomas. Elsewhere in the City, KING & SPALDING expanded its London offering by establishing a financial services regulatory practice with the arrival of Mayer Brown partner Angela Hayes. US firm BRYAN CAVE brought transactional partner Dan Larkin on board from Dentons, while Stephenson Harwood lost financial and regulatory partner Charlotte Hill to COVINGTON & BURLING.

Limited partners’ greater leverage will divide the market in two

Guoqing Li, Mayer Brown JSM David Kidd, Linklaters Arguably the biggest news in Asia last month was the capture of restructuring and insolvency partner David Kidd by LINKLATERS in Hong Kong. Kidd joins from Allen & Overy and will head up the firm's pan-Asian restructuring offering. He has been in the region since 1998 and is regarded as one of Asia's highest profile restructuring lawyers. Elsewhere on the island, two notable moves in the investment funds space saw Gaven Cheong make the move from Sidley Austin to SIMMONS & SIMMONS, and Mark Cummings swapping Appleby for WALKERS.

The bond market will help fill Turkey’s project funding gap, but it’s no panacea Turkey's first infrastructure bond has opened another financing avenue for the country's high performing projects. The $450 million issuance by the operator of Mersin International Port included incurrence-based covenants, making it akin to a high-yield offering.

Viet Nam Shipbuilding Industry Group (Vinashin) has become the first Asian company to restructure through a UK scheme of arrangement. It also represents the first time a UK court used its discretion to stay proceedings against a debtor so that a scheme could be put forward.

Marcus Christian, Mayer Brown Pete Levitas, Arnold & Porter The final week of August saw Cleary Gottlieb Steen & Hamilton announce that Washington DC-based antitrust partner David Gelfand was leaving to become the deputy assistant attorney general in the antitrust division of the US Department of Justice (DoJ). Just one day prior, Canadian firm Torys announced that corporate and securities partner Bill Estey would be leaving the firm's Toronto office to take a new position as an advisor to the government of Liberia. He will assist the country's leaders with the drafting of laws subject to World Trade Organisation rules and standards.

The proliferation of the cryptocurrency is financial authorities’ next test

Jack Lange of Paul Weiss Rifkind Wharton & Garrison assesses the effectiveness of recent guidance letters issued by the stock exchange on pre-IPO investments