The deal that helped one of the poorest nations raise $850 million and bond investors lock in rates three times higher than U.S. Treasuries is also spurring concern some of the money isn’t going where the buyers -- and one of the underwriters -- expected.
Scott Hammond, the former head of criminal enforcement in the U.S. Justice Department’s antitrust division, will join Gibson, Dunn & Crutcher LLP as a partner in Washington focusing on criminal antitrust and international cartel matters.
Inez Tenenbaum, the chairman of the U.S. Consumer Product Safety Commission since 2009, is joining Nelson Mullins Riley & Scarborough LLP on Dec. 1. She will work with the law firm’s product safety, risk prevention and regulatory practice group.
Eike Batista’s OGX Petroleo & Gas Participacoes SA is trading in the bond market as if it will be liquidated after an audit showed reserves at the company’s main oil field are 62 percent less than it had estimated.
Law firms Cleary Gottlieb Steen & Hamilton LLP and Bingham McCutchen LLP are arranging separate meetings with bondholders of billionaire Eike Batista’s OGX Petroleo & Gas Participacoes SA and OSX Brasil SA to discuss Brazilian insolvency law.