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Bain Capital’s acquisition of 50% of socially-conscious Toms Shoes demonstrates how charitable giving can be built into a corporate structure

Stephen Crosswell, Baker & McKenzie Anna-Marie Slot, Ashurst In Hong Kong we have seen early signs of horse trading as KIRKLAND & ELLIS recruited leading Asia restructuring lawyer Neil McDonald and rising star Damien Coles from Hogan Lovells. In return, the UK firm poached corporate partner Steven Tran from Kirkland. As competition law continues to develop in Hong Kong and China, BAKER & MCKENZIE bolstered its offering in the city-state by hiring Clifford Chance partner Stephen Crosswell.

The Hong Kong government's successful sukuk signals that more Asian jurisdictions must take Islamic finance seriously. The $1 billion sukuk al-ijarah, issued under Regulation S and Rule 144A, achieved the tightest-ever pricing for a benchmark-sized sovereign issuance from Asia ex-Japan; investors in the Middle East took 36% of that deal.

Adil Hussain, Clyde & Co In Saudi Arabia, LATHAM & WATKINS hired corporate partner Sami Al-Louzi from Vinson & Elkins, which has been scaling back its Middle East operation for more than a year. He will work across the firm's Riyadh and Dubai offices, focussing on cross border M&A and equity capital markets deals in the region. CLYDE & CO hired Herbert Smith Freehills partner Adil Hussain, who specialises in advising banks on structuring and developing shariah-compliant products, in Abu Dhabi. Hussain's departure leaves his old firm with only one partner in the country's capital.

RBI has, once again, changed its mind on temporary write-downs The Reserve Bank of India (RBI)'s amendments to its Basel III guidelines buck global trends on write-downs and on retail investors participating in the regulatory capital market. The amendments, notified on September 1, included several surprising elements. They reintroduce temporary write-downs to the market – after a previous notification said that they would no longer be permitted – and now permit retail investors to buy Basel III-compliant bonds.

Debevoise & Plimpton's James Scoville and Vera Losonci explain why an increasing number of foreign companies are using American Depositary Receipts to tap US investors

Across Europe, many public-private partnerships are struggling. But a small majority of lawyers believe it’s premature to overhaul the funding model

Investors that own a quantity of stock below its index weight may a pose greater and more immediate threat to companies than growing activism or short sellers, one of the OECD's independent advisers has warned. Underweight shareholders, as they are known, may own a large voting stake in a company like activists, but like a short seller they are hoping for a fall in the stock's value. This, in turn, allows them to raise their performance against a benchmark.

There’s just not enough to satisfy regulators

The financing of a biomass facility in Scotland has paved the way for greenfield renewable projects to tap the UK capital markets.