The Republican chair of the House Oversight Committee on Tuesday demanded that securities regulators examine the initial public offering process in the wake of Facebook Inc.'s botched IPO, claiming the securities laws governing IPOs are flawed and outdated.
A New York state appeals court on Thursday dealt activist investor Carl Icahn a blow, saying summary judgment should be granted to a private investment firm that accused an Icahn-controlled holding company of flouting an agreement to buy bonds tied to auto manufacturer Federal-Mogul Corp.
Federal securities regulators can avoid a repeat of Facebook Inc.'s troubled initial public offering by implementing risk disclosures like cigarette-box-style warning labels for investors, a panel of industry experts told a Senate banking subcommittee on Wednesday.
A pact between New York Gov. Andrew Cuomo and labor groups to cut hundreds of millions of dollars from the price of manpower in the Tappan Zee Bridge rebuild marked a timely confidence boost for investors, yet challenges remain as the estimated $5.2 billion project enters a crucial phase, experts said Tuesday.
The slowdown in Chinese capital markets that prompted the exit of four partners from Allen & Overy LLP's Hong Kong office won't stop firms with diversified practice areas from thriving in the region, which continues to serve as an ideal hub for access to the markets in mainland China and neighboring countries, legal experts say.
Former Torys LLP corporate finance partner Daniel P. Raglan has joined Kelley Drye & Warren LLP, the firm announced Monday, making him the second securities and capital markets pro to join its New York office in recent weeks.
Cheniere Energy Partners LP has tapped the first of $2 billion in equity financing for a natural gas export facility in Louisiana, using the proceeds from a $167 million stock sale to pay contractor Bechtel Corp. and pay off the project’s term loan, the company said Tuesday.
United Technologies Corp. will issue a crop of equity units to raise $1 billion to help fund its buyout of aerospace manufacturer Goodrich Corp., the company said Tuesday.
Having developed a high-profile presence across Europe, Asia and the Middle East in the last decade, the United Kingdom's four global Magic Circle law firms have set their eyes on boosting their offices in New York City, taking advantage of their international clients' interest in the weak dollar to lure more attorneys and stiffen the competition with their American rivals.
The old axiom says that if the U.S. sneezes, Asia catches a cold. But that statement may be losing its relevance, as factors like investment between Asian neighbors have helped transactional work in the region stay lively despite the ailing U.S. economy, according to Asia-based deal lawyers.
Struck by a declining demand for legal work in structured finance, real estate development, private equity and even bankruptcy, some of the country's most prominent firms have resorted to laying off attorneys and staff.
Law firms are bolstering their Islamic finance practices as they look to help clients into the estimated $1 trillion in investment capital up for grabs in the natural-resource-rich Middle East. But experts say the skills of some attorneys being drawn to the burgeoning field lag behind their enthusiasm.
As factors including high liquidity and a demand for infrastructure in the Middle East spur a surge in Islamic finance, places like Dubai and Singapore are positioning themselves to draw business away from more established Islamic finance centers like London, attorneys say.
DLA Piper is continuing to work toward establishing itself as a leader in the global life sciences marketplace, most recently by hiring experienced corporate attorney Bruce W. Jenett, former co-chair of the life sciences practice at Heller Ehrman LLP.
Leaping forward in the race to open law offices in Asia, Mayer Brown LLP has acquired one of the region's biggest local firms, adding hundreds of new attorneys to its ranks just as China prepares to introduce new competition laws.
The U.K. Competition Appeal Tribunal has extended the deadline for British Sky Broadcasting Group Plc to file an appeal of a recent U.K. Competition Commission ruling on its contentious stake in ITV Plc, allowing the broadcaster to wait for a ruling from another lawmaker later this month.