Paul Hastings LLP, a leading global law firm, announced today that the firm has advised Capita Asset Services, Europe’s largest provider of loan services to financial institutions’ loan portfolios and securitised pools of commercial mortgage loans, in connection with the restructuring, the proposed insolvency plan proceedings of the borrowers and sale of the Xanadu loan owned by Cornerstone Titan 2007-1 PLC with a nominal amount of over €266 million outstanding. Cornerstone Titan 2007-1 was originally a securitisation of 32 commercial mortgage loans originated by Credit Suisse and Capmark Bank Europe, with an aggregate balance of EUR1.32bn.The transaction is subject to several closing conditions.

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Jackson Lewis LLP, one of the country’s largest and fastest-growing workplace law firms, is pleased to announce the opening of an office in Grand Rapids, Michigan. Timothy J. Ryan and Linda L. Ryan, both formerly with Kotz Sangster Wysocki P.C., have joined the office as Partner and Of Counsel, respectively.

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Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to announce the opening of its San Diego office. Spencer Skeen, who joins Ogletree Deakins from Fisher & Phillips, will serve as the founding and managing shareholder. The San Diego office, which is expected to grow quickly, is the firm’s fifth in California and part of the network of offices throughout the state that includes Los Angeles, Orange County, San Francisco, and Torrance. San Diego is the fourth new office that Ogletree Deakins has opened in less than a year, and it extends the firm’s growth trend.

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Steptoe is pleased to announce that Luis G. Fortuño, the former governor of Puerto Rico, has joined the firm as a partner. Mr. Fortuño, who will reside in the firm’s Washington office, will practice in the Corporate, Securities, and Finance Group and the Government Affairs and Public Policy Group, and will continue the expansion of Steptoe’s Latin American practice.

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International legal practice Norton Rose has advised Citibank International Plc (CIP), a subsidiary of Citigroup Inc., on regulatory law aspects in regard to their acquisition of a minority stake in iSwap. The inter-dealer platform for the trading of interest rate derivatives, iSWAP was launched in 2010 by ICAP as an electronic trading platform for over the counter (OTC) derivatives. It was one of the first electronic inter-dealer Euro interest rate swap trading platforms.

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International legal practice Norton Rose has advised a consortium of investors on the acquisition of a portfolio of 12 UK private hospitals from Spire Healthcare Group.

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Jones Day announced today that Annica Lindegren, Ulf Kreppel, and Nick Wittek will join the Firm’s Banking & Finance Practice. Ms. Lindegren and Mr. Wittek will be resident in Jones Day’s Frankfurt Office and Mr. Kreppel will be resident in Munich. The three new partners arrive from White & Case. The addition of these lawyers continues the rapid expansion of Jones Day’s German Banking & Finance Practice, which includes a team led by Claudia Leyendecker that joined the Düsseldorf Office late last year, and brings the number of German Banking & Finance partners in the Firm to six. These additions underscore the importance of Banking & Finance to Jones Day Germany and demonstrate the increasing scope of the Firm’s presence in the German market.

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Hughes Hubbard announced today that Matthew R. Nicely has joined its International Trade Department as a partner in the firm’s Washington, D.C. office. Nicely was most recently a partner and head of the International Trade & Customs practice group at Thompson Hine LLP.

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